What are the Pharmaceutical Companies?
Pharmaceutical companies are the those who deals in discovering, research, development, production and marketing of drugs and medicinal products.
Read in detail about Basic Knowledge about pharmaceutical industry here
What are the pcd pharma franchise companies?
To understand the pcd pharma franchise companies, you need to understand the basic distribution channel in pharmaceutical industry. A medicine is reached to the consumer in following way:
Pharmaceutical Company
CnF (Carrying and Forwarding Agents)
Distributor/Stockist/Wolesaler
Medical Representative convince doctor to prescribe his company brand
Doctor
Chemist
Patient
This distribution requires a sales team including of medical representatives, area sales manager, regional sales manager, zonal sales manager and upper line sales staff. Having a huge sales team requires heavy investment to run a pharmaceutical company. This is not possible to effort a sales team with high working cost for small and medium sized pharmaceutical companies. But they also need to sell their product to survive. Then they search for individuals/group who can sell and distribute their products as sales person or team at monopoly basis.
These individuals are generally experienced as medical representatives or other sales role, pharmaceutical distribution and wholesale, having chemist/pharmacy shop with good relationships with registered medical practitioners, doctor’s itself etc.
By this way a pharmaceutical company can prevent a lot of sales team experience and sell their products ethically as well as generic basis whatever pharmaceutical company’s way of selling.
Selling pharmaceutical products by way of associating with individuals/group for selling pharmaceutical product without appointing sales team is known as Pcd Pharma Franchise. and Companies who are selling through these ways are known as Pcd Pharma Franchise Companies. Individuals/group that is also an important part is known as Pcd Pharma Franchisee, Pharma Franchise Distributors etc.
A Pcd Pharma Franchise Distribution Channel will be like as below:
This pharma distribution channel prevents marketing cost for pharmaceutical company and open own pharma business opportunities for pharmaceutical professionals. As pharma company don’t have any selling expenses so pharmaceutical companies deduct this expenses from their rates and fixed rates for their pcd pharma franchisee distributors. These rates are generally known as Net Rates.
Pcd pharma franchisee received goods at net rates which are generally as low as from MRP so a pcd pharma distributor can adjust retailers margin, stockist’s margin if any, his own expenditure or sales person expenditure if any appointed by on distributor’s hand, own profit margin and many other expenses.
Profit Margin in pcd pharma franchise:
PCd Pharma Franchise Company get their profit by adding certain percentage of margin at actual manufacturing cost of a pharmaceutical product. And Pcd Pharma Distributor get their margin by deducting net rate, retailer’s margin, marketing expenses and other expenses from Maximum retail price. Check in deatil: How to calculate profit margin in pcd pharma franchise?
Important links related to pcd pharma franchise:
- How to calculate PTR/PTS?
- What are the points or precautions need to take before selecting pharma franchise company?
- Reasons of Popularization and Future Aspects
- Pharma Franchise Model, Benefits, Profitability Ratio (Profit Margins) etc
- Which Pharma Franchise Company (PFC) or PCD Company will be best for association?
- How do Pharma franchisee or PCD Companies in India and their franchisee calculate net prices, Trade Rates and MRP’s?
- How to proceed to do business at franchise base in pharmaceutical sector ?
- Is it right to go with PCD companies?
- Will it be advisable for me that I appoint a stockist here and start working ?
List of Pharma Companies:
- Pharma Companies in West Bengal
- Pharma Companies in Uttar Pradesh
- Pharma Companies in Telangana
- Pharma Companies in Tamil Nadu
- Pharma Companies in Rajasthan
- Pharma Companies in Punjab
- Pharma Companies in Maharashtra
- Pharma Companies in Madhya Pradesh
- Pharma Companies in Karnataka
- Pharma Companies in Himachal Pradesh
- Pharma Companies in Haryana
- Pharma Companies in Gujarat
- Pharma Companies in Delhi
- Pharma Companies in Chandigarh
- Pharma Companies in Andhra Pradesh
- Pharma Companies in Uttarakhand