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
Question: I have read some of your articles and I must say your team is doing a great job in providing needy ones with complete knowledge and details of Pharmaceutical Industry of India. I had a small doubt and I would be grateful to you if you help me out of this. I am doing graduation from an open university (Delhi University, School of Open Learning (SOL)) and side by side doing a job in a registered Pharma Company . The company recruited me on 10+2 basis. I just wanted to ask you whether I will be eligible to take the drug wholesale license in my name after graduation if I show the experience of 3 years in a registered pharma company alongside a B.A. degree. or I will have to show the experience in pharma industry after graduation ? Advice: For taking wholesale drug license , a person should have one from the following eligibilities: Either Registered pharmacist under state pharmacy council or Person having minimum of one year experience at registered wholesale drug licen
