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The Complex Factors that Influence Drug Prices

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
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Only Manufacturing drug license number need to show on packaging? Or we have to create our own drug license number (Marketed by)

Query:
I have a query that if we are developing a product that contains some api (Active pharmaceutical ingredients). Now if we are making this product in Pharmaceutical firm, so do we have to show only Manufacturing drug license number on packaging? or we have to create our own drug license number (For marketed by) on packaging.
Please suggest...

Response:
Your question is somewhat unclear to us but we are considering, you want to get manufactured a pharmaceutical product having some active ingredients in it from a pharmaceutical manufacturing company as marketed by your company name.
In that case at packaging, there will be a manufacturing license number of pharmaceutical manufacturer will be printed along with manufactured by name and complete address. Your company marketed by company name and address will also present at packing. For being a pharmaceutical company on marketed basis, you need to have a wholesale drug license. But your company's wholesale drug license number will not be printed on packaging. That you will require purchase, stock, display and sell these pharmaceutical products get manufactured from a pharmaceutical manufacturing company having a valid pharmaceutical manufacturing license.

Hope above information is helpful to you...
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