The government of India has announced a $5 billion (£3.2 billion) plan to provide more than half of the country’s 1.2 billion people with free generic drugs. In a country that has among the lowest healthcare spending per capita in the world, this is welcome news. But there are fears that the pharmaceutical industry, looking to the emerging markets to make up for declining sales in the developed world, will suffer as the plan will only cover generic medicines.
Free generics for India’s poor but big pharma misses out – Chemistry World, 25 July 2012
Image from here.