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
Pharmaceutical products have to compile with regulatory requirements applicable at concern country. From raw material to finished goods, every step is regulated. Finished pharmaceutical products also have to compile with regulatory requirements.
One regulatory requirement that has to follow while preparation of finished good is labeling requirement. Label matter is also regulated under applicable law and order. A label must contain recommended things printed before dispatch from pharmaceutical manufacturing unit. One recommendation is to show date of manufacturing.
Date of manufacture is the date of completion of the final products, or the date of bottling or packing for issue which is shown as mfg date or pack date, manufacturing date etc. at label/packaging of finished pharmaceutical products.
Other similar terms
One regulatory requirement that has to follow while preparation of finished good is labeling requirement. Label matter is also regulated under applicable law and order. A label must contain recommended things printed before dispatch from pharmaceutical manufacturing unit. One recommendation is to show date of manufacturing.
Date of manufacture is the date of completion of the final products, or the date of bottling or packing for issue which is shown as mfg date or pack date, manufacturing date etc. at label/packaging of finished pharmaceutical products.
Other similar terms
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