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The Complex Factors that Influence Drug Prices

Pharmaceutical companies typically use a variety of factors to determine the price of their drugs, including: Development and production costs: Pharmaceutical companies invest significant amounts of money into the research, development, and production of new drugs. The cost of these activities, including clinical trials and obtaining regulatory approval, is factored into the price of the drug. Marketing and Distribution Cost: Marketing and distribution costs may also be considered by pharmaceutical companies when determining drug prices. These costs include expenses related to advertising, sales representatives, and distribution networks. Drug Uniqueness: If a drug is the first of its kind or represents a significant improvement over existing treatments, the pharmaceutical company may set a higher price for it. If a drug has many competitors or is like existing treatments, the company may have to set a lower price to remain competitive. Market demand: Companies also consider the dem
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Pharmacist Oath

Pharmacist Oath
  • I swear by the code of Ethics of Pharmacy council of India in relation with the community and shall acts as an integral part of health care team.
  • I shall uphold the laws and standards governing my profession.
  • I shall strive to perfect and enlarge my knowledge to contribute to the advancement of pharmacy and public health.
  • I shall follow the system which I consider best for pharmaceutical care and counseling of patients.
  • I shall endeavour to discover and manufacture drugs of quality to alleviate sufferings of humanity.
  • I shall hold in confidence the knowledge gained about the patients in connection with my professional practice and never divulge unless compelled to do so by the law.
  • I shall associate with organizations having their objectives for betterment of the Profession of Pharmacy and make contribution to carry out the work of those organizations.
  • While I continue to keep this oath un violated, may it be granted to me to enjoy life and the practice of pharmacy respected by all, at all times!
  • Should I trespass and violate this oath, may the reverse be my lot!
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