Pharmaceutical Industry- A Noble Business to Cure Diseasesby Surinder Thakur Pharma Franchise Consultant
A pharmaceutical industry plays a major role in discovering, developing, producing and marketing of drugs for medicinal uses to be given to patients to cure or vaccinate them. These companies deal in generic or brand medications along with medical device and instruments. They are subjected to different rules and regulations. These rules govern their rights of patenting, testing of the drug, safety, and efficacy of the medicinal drug.
The Pharma franchise companies employees people to directly promo the medicines personally to the physician at his clinic or at hospitals. Advertising has become very common as well as an important aspect of marketing in the pharmaceutical industry, as new drugs are being researched upon and developed every day. The physician can know about these modifications and development only through advertisements and other marketing techniques.
All new pharmaceutical products have to be approved by the Food and Drug Administration as being safe and effective against diseases. After the research, the Food and Drug Administration provides all the information about the approved drug in the Orange Book site.
Pharma Franchise Company is one of the fastest growing sector in India with a high potential. When you get the franchise of a pharma company, you can receive special rights of selling it’s products in a particular area or a region. This is the primary reason for the increasing popularity these days.
The growing pharma Franchise companies in India have been contributing greatly to the Gross Domestic Product of the country. India holds 73% of the Pharma industry which is a huge achievement.
Propaganda Cum Distribution or PCD Pharma franchise is currently the best model for business available in the market. PCD is a marketing term which is very commonly used in the pharmaceutical industry. It provides opportunities for growth of both the companies and the distributors. This PCD format is new to the industry but has becoming a flourishing business across the globe.
Advantages of Having a Pcd Pharma Franchise
The approximate estimate made for the worth of the Pharma industry is around 1 trillion US dollars across the globe. India holds a high position in contributing towards the total worth of the Pharma industry.
Created on Mar 6th 2019 03:46. Viewed 233 times.