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
Expiry date is the date mentioned at finished pharmaceutical product's label till that a formulation maintains its efficacy and safety profile. After completion of expiry date is could be dangerous to consume any medicine.
Drug control authorities generally fixed a specified time period for formulations before that they should be consumed. Medicines generally have twenty four months of expiry date.
Other similar terms
Drug control authorities generally fixed a specified time period for formulations before that they should be consumed. Medicines generally have twenty four months of expiry date.
Other similar terms
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