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
Finished Pharmaceutical products (FPP) term used fot the products that have completed their manufacturing process and are in its final form and are ready for distribution and dispatch from pharmaceutical manufacturing unit but have not yet been sold or distributed to the end user.
Manufacturing process involves generally three process:
Manufacturing process involves generally three process:
- Procurement of raw material (API's/Bulk drugs, Excipients/bulking agents/not active ingredients and packaging material)
- Manufacturing Process
- Finished Pharmaceutical Products
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