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 Packaging Material is the material that prevent finished pharmaceutical products from destruction, prevent potency loss or degradation etc. during its shelf life.
Pharmaceutical Packaging Material are of three types:
- Primary Packaging
- Secondary Packaging
- Tertiary Packaging
Primary packaging material is the packaging material which is in direct contact with dosage form and used to pack original pharmaceutical dosage form. For Tablet and Capsules, generally pet/glass bottle, blister and alu-alu packaging is used where as for liquid/syrup generally bottles are used. Injection are packed into vials or ampules.
Examples: Blister, Strip, Alu-Alu, pet bottles, aerosol spray can etc.
Secondary Packaging Material:
Secondary Packaging Material is used to pack or cover primary packaging material. It is used for providing protection to primary packaging material as well as describing products detail (Brand name, composition, mfg date, expiry date, mrp etc) as per regulatory requirements.
Examples: Blister, Strip, Alu-Alu, pet bottles, aerosol spray can etc.
Tertiary Packaging Material:
Tertiary Packaging Material is used generally to protect product during transportation and distribution. Tertiary packaging material is loaded with goods packed into secondary packaging material.
Examples: Containers, Barrels, cartoon boxes, edge protectors etc.
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