Pharmaceutical Industry- A Noble Business to Cure Diseases
by Surinder Thakur Pharma Franchise ConsultantA
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.
Pharma Marketing
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.
Product Approval
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
●
Perfect for those people who have searching for
good business deals
●
This types of business model provide access to
production even to small and medium sized companies
●
Risk factor is very low
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.
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Created on Mar 6th 2019 03:46. Viewed 387 times.