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
If I talk about small scale pharmaceutical businesses that can be started easily at small scale but you need to have good experience in pharmaceutical industry there. If you have sales and marketing experience then you can start by taking franchise of a Pharma company . It can be started easily and at very small levels. You don't need much investment. You can start pharma franchise business with 2000, 3000, 5000 rupees. If we talk about other business then you can start pharma distribution business . It can be started with 50000, 1 lakh or 2 lakh rupees. You can also start pharmaceutical retail business . It's investment depend at various factors like location, number of products etc. If you want to start with less investment then this and you have good experience then you can start pharma consultancy business. In which department you have experience, you can start help other to set up business and can earn from there. You can start youtube channel or blog related to ph
