Nurofen fined 6m for misleading consumer
NEW DELHI – The country’s largest generic drugmaker is under investigation by the government after it told its customers that its generic drugs are saf출장 마사지e and effective, but the company’s actions have made millions of people sick, reports the Reuters news agency.
India is facing a crisis as manufacturers of generics and their generic versions have been losing money and competition has increased, says the Associated Press news agency.
The generic drugmaker, Novartis India, which makes generics of several medicines including penicillin and a few painkillers, has been involved in a series of scandals since 2009.
One company, Ansharpat Medica, which made generics for several Indian drugs such as amoxicillin and clindamycin, said that some patients may experience health problems caused by the medications in the generic versions of such dru슬롯 머신gs, but claimed it was an isolated case.
India, whose generic drug market is estimated to be about $21 billion in this year, needs about 90,000 generic drugs to meet consumer demand, Reuters says. It adds that these generic drugs are made using inferior techniques and produce a range of dangerous side effects, including high risk of infection of the patient with the brand-name drug as well as death.
Novartis India, which announced the investigation into its generic products, said the probe was launched following “discrepancies” with some facts which the company found in certain cases.
This comes after a probe had revealed that India’s generic drug industry had been running the equivalent of a “death spiral” for several years, says the Indian Express news agency, quoting sources with knowledge of the investigation.
But while the probe is focuse포커d on India’s generic drugs market, its potential damage to the global generic drug market could make it difficult for the company to compete effectively when sales are down in several of those countries, it adds.
Novartis India is the second largest generic drug maker and faces competition from some of the biggest generic drug manufacturers in Europe, Asia and Africa.