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
Query: I went through the below mentioned url, thank you for the content. In the second paragraph "what can you do now" is my part of interest, can you please confirm if I get a office at a location to mention Marketed by on labels but no wholesale license is legally workable? https://pharmafranchisehelp.com/drug-license-marketed-by-address-pharmaceutical-marketing-company/ Response: Wholesale drug license is required at the location where you will store, receive, dispatch and bill medicines. You can't store and receive medicine at place where you don't have wholesale drug license but it is not compulsion to have wholesale drug license at location where a pharma company situates their office for sales and marketing purpose only and no storage, receiving, dispatch, exhibition, offer for sale of drugs at that location. So, technically you could have an office at a location where you don't have a wholesale drug license.