Author: admin
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Why payment circle is so broken in pharmaceutical industry? Causes of payment delay!
Introduction: One of my clients questioned me that everything is perfect in Pharma. Everyone needs material on time, good quality products, a complete process, goes through in a systematic way. Everything is completely systematic, completely perfect in a way. But whenever we talk about payment or we ask for payment from a client, we demand…
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How to calculate Maximum Retail Price (MRP), price to retailer (PTR) and price to stockist (PTS)?
[responsivevoice_button voice=”UK English Female” buttontext=”Listen to Post”] In This Article, we will cover topic- PTR/PTS Calculator: Definitions of MRP, PTR and PTS MRP: MRP means Maximum Retail Price. It is the price at which customer will purchase any goods/services. It is inclusive of all taxes (GST). PTS: PTS means Price to Stockist. It…
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How much investment needed to start a Pharmaceutical company?
Investment is of three types generally: Fixed Capital Investment (One Time investment) Working Capital Investment (Investment to run a company) Inventory Investment (Stock, Raw Material, packaging material etc.)
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National List of Essential Medicines (NLEM) 2022
Alphabetical List of Medicines in NLEM 2022 5-aminosalicylic acid (Mesalazine/Mesalaine) 5-Fluorouracil 6-Mercaptopurine Abacavir Abacavir (A) + Lamivudine (B) Acetazolamide Acetylsalicylic acid Actinomycin D Activated Charcoal Acyclovir Adenosine Adrenaline Albendazole Allopurinol All-trans retinoic acid Alprostadil Amikacin Amiodarone Amitriptyline Amlodipine Amoxicillin Amoxicillin (A) + Clavulanic acid (B) Amphotericin Ba) Amphotericin B (conventional)b) Lipid Amphotericin Bc) Liposomal Amphotericin…
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How to Calculate Net Rates in Pharma?
Net rates in the pharmaceutical industry refer to the prices at which drugs or medications are sold by seller to purchaser, excluding/including any taxes, rebates, or discounts. These rates are also referred to as net prices or net invoice prices. Calculating net rates in a pharma franchise involves several factors, including the cost of goods,…
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What is Prescription? Types and Contents of Medical Prescription?
What is prescription and Prescription Definition? Prescription is defined as a written, printed or in any other form document issued by a Registered Medical Practitioner or any other licensed practitioners e.g. Dentist, Veterinarian, BAMS etc which directs or instruct to a Registered Pharmacist to compound and/or dispense a specific type and quantity of preparation or…
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What is Stock Register? How to Maintain Stock Register?
Stock Register may be define as live document/file/software record which is used for maintaining company’s stock.
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How To A Start Pharmaceutical Manufacturing Company in India?
Setting up pharmaceutical manufacturing unit is lit bit difficult work as compare to setting up manufacturing units in other sectors. Drug and medicines are regulated through Drug and cosmetic Act & Rules in India. Pharmaceutical Manufacturing unit has to compile with many rules and regulations i.e. Drug and cosmetic Act & Rules plus factory act…
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Understanding Customer acquisition cost?
What is Customer Acquisition Cost? Customer acquisition cost is the cost spend to acquire a customer or get an order from a new customer. How to calculate Customer Acquisition Cost? In simple way, Customer Acquisition Cost (CAC) is calculated basically by dividing total marketing cost by number of customers/orders you get. Formula will be CAC…
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What are the different types of pharmaceutical marketing?
Pharmaceutical marketing can be done through following ways Branded pharmaceutical marketing Generic pharmaceutical marketing Franchise/Pcd pharmaceutical marketing OTC pharmaceutical marketing Institutional pharmaceutical marketing (Tenders, Hospitals, pharmacy chain etc) Online pharmacy marketing Branded pharmaceutical marketing: Pharmaceutical companies marketing approach centered around Doctors and Hospitals. Pharmaceutical companies market their products through medical representatives, providing samples and sponsoring…