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Top 5 Indian Generic Medicine Suppliers in Latin America

The demand for generic Medicine / Drugs is increasing in Latin America, and Indian pharmaceutical companies realize this opportunity’s great potential. Efficient and affordable medicines are always required, making this a flourishing market for drugmakers.

The worldwide generic drugs market is forecasted to increase at a compound annual growth rate (CAGR) of 8.7%, meaning that, in the projection period 2016 to 2021, the worldwide market will rise from almost $352 billion to $533 billion.

In this article, the top five Indian generic pharmaceuticals suppliers, manufacturers and distributors are listed:

JoinHub Pharma

JoinHub Pharma is an award-winning Pharmaceutical Company in India. We hold a reputed name with regards to branded medicines and generic medicines. Our company is certified by the highest authority like WHO, FDA, ISO 9001:2008, GMP, etc. We are a top generic pharma manufacturer, supplier, and distributor in Latin America and are known for our top-of-the-line quality pharma products and services. Without a doubt, we are considered to be one of the best generic pharmaceutical companies in India.

In fact, 85% of our revenue is generated by way of exporting to MIDDLE EAST, CIS, and AFRICA production facilities. We are famous for our widest list of medicines which contains more than 1000+ pharma products.

Based in India, JoinHub Pharma is a generic pharma company in India with a broad footprint covering the US, Europe, South-East Asia, Middle East, and South Africa. It manufactures more than 200 generic drugs and complex APIs in a wide range of therapeutic areas, including cardiovascular, diabetes, HIV, oncology, infectious diseases, hepatitis, ophthalmology, urology, neurosciences, respiratory, and women’s health.

Dr. Reddy

The global generics segment of Dr. Reddy’s accounted for approximately 80% of the company’s revenue in 2018, with North America being the biggest contributor.

As of March 2018, the company filed 20 abbreviated new drug applications (ANDAs) and had 110 generic filings pending approval with the US FDA. Moreover, it launched five first-generic-to-launch (FGTL) products in Brazil.

Based in India, Dr. Reddy’s is an Indian pharmaceutical company whose generic formulations business offers more than 200 high-quality generic medicines worldwide, with over 20 assets falling under the complex generics category, including decitabine, fondaparinux, and azacitidine injections.

The company’s generic formulations segment includes tablets, capsules, injectables, and topical creams. Nise (Nimesulide), Stamlo (Amlodipine Besylate), Omez (Omeprazole), and Razo (Rabeprazole) are a couple of its products available in Latin America’s emerging markets.

Teva Pharmaceutical

Teva Pharmaceuticals’ 2018 revenues in North America decreased by 22% as compared to 2017 because of the price erosion and volume reductions. They have launched generic versions of medicines such as Solodyn®, Aloxi®, Syprine®, Estrace®, Lialda®, Uceris®, and Elidel® in the region in 2018.

The company’s European revenues increased by 4% to $3.6bn, compared to 2017. The revenue growth resulted from an increase in OTC medicine sales and the launch of new pharma products, which offset the impact of price cuts of generics in the first half of 2018. However, the overall revenue was affected marginally in the second half of 2018 because of the dismissal of Teva’s joint venture with PGT Healthcare.

Teva Pharmaceuticals offers diverse products in various segments such as specialty, generic, OTC, and APIs.

Cipla

Cipla’s revenues progressed marginally compared to the earlier year, with the generics business in Latin America contributing around 21% to the domestic business revenues as of March 2018.

The company was ranked as one of the top ten generic Pharma manufacturers in the US, with 13 out of 52 products ranked as number one, according to IQVIA IMS RQTR as of March 2018.

Cipla is working to develop complex generic formulations based on nanotechnology for the US market.

Lupin

Lupin’s generics business held 90% of the company’s total revenues in the US in 2018. It was established in 1968, and while its primary focus is generic drugs, it additionally produces branded medicines and API (active pharmaceutical ingredients).

Lupin filed 20 generic products in many geographic regions worldwide, which includes the APAC (Japan & Australia), Canada, EMEA (Europe, Middle East, and Africa), and Latin America (Brazil & Mexico), and got 22 approvals in 2018.

Lupin also got 24 ANDA approvals out of 36 ANDA files in the US in 2018.

Lupin is a pharma company based in India with many segments, including generic products, biotechnology products, complex generics, APIs, and specialty.

If you’re looking for generic medicines at an affordable rate, contact JoinHub Pharma – a leading generic pharma company in India.

Simply drop them an email at [email protected] or call directly on +91 97247 25604.

What is the Generic Pharmaceutical Manufacturing Industry in Latin America?

Generic medicine manufacturers develop prescription and over-the-counter drug products that are used to prevent or treat illnesses in humans or animals. Many generic drugs are manufactured, distributed, and supplied without patent protection, and industry operators are not even engaged in the R&D of new drugs.

The pharma industry does not include manufacturers of nutritional supplements or cosmetic beauty products.

Which Are The Top Generic Pharma Companies In India?

The pharma companies holding the largest market share in the Generic Pharmaceutical Manufacturing in the US industry include JoinHub Pharma.

JoinHub Pharma is a leading generic pharmaceutical manufacturer, supplier, exporter in Latin America and offering services to pharmacies across the US. Now, you can streamline your pharma medicine purchasing and optimized your buying power by utilizing the comprehensive purchasing strategy offered by JoinHub Pharma. We manufacture, we deliver, and you save.

We are highly committed to making our pharma company your first and last call when you have a need for medicine export from India. You will find us valuable, friendly, and efficient for all your pharma needs.

Branded & Generic Medicine Distribution

JoinHub Pharma has a wide range of 10,000+ generic and branded medicines’ manufacturing and distribution services across India and is one of the top generic medicine distributors in Latin America, South Africa, and the Middle East. As a leading branded and generic medicine manufacturer and supplier in Latin America, we deal in all sorts of medicines, i.e., liquid, capsules, topical medicines, inhalers, tablets, suppositories, injections, implants or patches, buccal, drops, etc.

JoinHub Pharma provides branded and generic medicine distribution with national coverage across the country.

JoinHub Pharma offers its clients up-to-date pricing, inventory levels, and order status (hospitals, dispensaries, patients, pharmacies). With JoinHub Pharma, clients have access to:

Direct reach to 10,000+ branded & generic medical & health care products
Up-to-date branded & generic medicines and their reasonable pricing information
Simplified, intuitive, branded & generic medicine ordering
Branded & generic medicine manufacturing and distribution purchase history with detailed reporting

Our product as pharma Exporter India range includes HIV medicines, oncology, and other lifesaving generic medicines.

What We Offer You as Generic Medicine Manufacturer and Distributor?

JoinHub Pharmaceuticals has developed around 400 molecules that are being utilized in making around 1000 dosage combinations to prepare the generic medicine. We cover a wide range of healthcare products like derma, pediatric, cancer, fluid therapy, etc.

We use the latest packaging technology to ensure high-quality and cost-effective generic medicines. Our generic medicines are manufactured and supply under the following categories:

Tablets
Injections
Capsules
Ointment
Sachets
Powders
Syrups
Lotions

Our medicine manufacturing process occurs in WHO and GMP-certified pharmaceutical plants that are well-equipped with ultra-modern systems and machinery. Every single drug manufacturing step is carried out with 100% accuracy and precision by measuring the composition. Thus, you can be assured of getting the most genuine generics if you choose us as generic medicine exporters.

Our Role as Generic Medicine Suppliers in Latin America

Busy and fast modern lives give rise to a lot of health issues. These include headaches, body aches, colds, vitamin deficiency, and low energy levels. Apart from the common problems, life-threatening ailments like Cancer and HIV-AIDS are at their peak. The branded medicines designed to heal such ailments are costly, and one cannot afford them for a large section of society.

Therefore, it becomes increasingly important to promote alternate generic medicines. Besides having a similar effect as the branded ones, they are pocket-friendly and thus accessible for the masses. However, some pharma companies are producing low-quality generics to earn greater profits. This imposes a severe threat to the health of the patients and questions the integrity of the Pharma Community.

JoinHub Pharma separates itself from the rest of the pharma companies with its safe and genuine generic medicines. We maintain appropriate collaboration with the doctors and pharmacists to keep upgrading the manufactured pharma products. We understand that even a minor change in composition can hugely affect human lives. Our ultimate goal is to make high-quality generic medicines available at an affordable rate not only for Latin America but for the entire globe.

If you’re looking for a reliable pharmaceutical exporter from India with competitive pricing, please contact us for further information. You will be amazed by our reasonable prices & efficient service. Simply drop us an email at [email protected], and our experts will reach out to you within 24 hours.

Do Generic Pharmaceutical Drugs Compromise on Quality?

by Join Hub Pharma on October 29, 2020

Nowadays due to increased health problems, and high medicinal expenses people have started making a shift to generic drugs which are the same as brand-name drugs and offer almost equivalent medicinal properties. Generic pharmaceutical companies have never been as famous as branded and marketed drug companies. So people always have a question regarding are generic drugs as safe as their branded counterparts and are they effective in treatments for severe health implications.

Generic drugs are identical counterparts of branded drugs and medicines manufactured by large corporations. When the patent of any particular brand-name drug expires, other smaller pharmaceutical companies manufacture a generic version of it and sell it in the open market. Generic drugs are relatively cheaper as the companies producing it do not have to invest much time and money into the research and development stage. Because a formulation is already available, everything the company then needs is just to manufacture it and get it approved by the FDA.

How does the FDA approve Generic Medicines?
If a company wants to get its generic drug approved with the FDA’s stamp, it must manufacture a drug that can be seen as a bioequivalent of the brand-name drug previously available. The FDA allows drug manufacturers to make a change in the active ingredients of medicine for up to 20% but top generic pharmaceutical companies do not go to that extent in making changes in the drug’s composition.

Moreover, generic manufacturers also do not need to go under vigorous drug tests as the data available with the FDA for previously used brand-name drugs is used as a result. Hence generic drugs are mostly passed with smaller test cycles and datasets. This does not raise a question about the effectiveness of the drug. The FDA chooses this course just to ensure that the drugs reach the patients speedily in the market.

Are generic drugs less effective?
Generic medicines are as effective as their brand-name substitutes. The FDA ensures that every drug being sold in the market is safe and effective for its consumers whether it is a brand-name drug or a generic drug. As we know generic drugs have almost identical medical formulation and are made using the same active ingredients used in the making of branded drugs, generic drugs are hence the effective and alternative solution to most branded drugs.

Generic drugs are also tested and reviewed thoroughly almost as same as their branded counterparts; hence consumers should not be worried about the drug’s effectiveness. The FDA also saves and publishes information regarding generic drugs for almost all types of critical diseases. Some people also think that generic drugs are cheaper as they are made by smaller companies with limited on-site production facilities but in contrast, the FDA makes sure that a generic drug manufacturing unit complies with all the norms laid down by the FDA for manufacturing of medicines and drugs. It isn’t always that only smaller companies manufacture generic drugs and sell them in the market, but research shows that almost 50% of all generic drugs manufactured come from big branded companies as companies always thrive to make their medicines available to consumers on a large scale.

How to identify Generic Drugs?
Some laws suggest guidelines for generic drugs; any generic drug cannot be made to look the same as its branded counterpart. However, differentiating between a brand-name drug and a generic drug is never a big hassle. Manufacturers, to comply with the statutory guidelines laid down by the FDA and other institutions; develop generic drugs that vary in packaging, naming, colors, shapes, sizes, and many more different dimensions.

Is a Generic Drug available for every other Branded Drug?
Branded drugs have patent protection for 20 years, which provides relief to a company that no other manufacturer can make the same drug and sell it in the market. However when a patent for a branded drug has expired or is about to expire other manufacturers can get consent from the FDA and start manufacturing the drug under the prescribed guidelines for generic drug manufacturing. It is somehow difficult to find generic drugs for brand medications that have been in the market for less than 20 years, as it comes under patent protection. However, a similar medication can be found if needed.

The Market’s Boom for Generic Drugs

Today numerous ailments have drugs with their prices sky-rocketing by the passage of time. Several insurance providers now approve and pay their insurance holders for opting into generic drugs. Generic drugs have now gained a higher level of trust from people and people consider them an effective option to switch from branded medicines. This has helped the generic drugs market to grow on a rapid scale for the last few years.

Call : +91 9979382527
Mail us at [email protected]
Website: https://joinhubpharma.com

+91 97247 25604

Tag: Generic pharmaceutical companies

Top 5 Indian Generic Medicine Suppliers in Latin America