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Similar to Wave Data Key Generic Findings March 2010
Similar to Wave Data Key Generic Findings March 2010 (8)
Wave Data Key Generic Findings March 2010
- 1. Generics and Generic Pricing Charles Joynson
- 3. Data Sources
- 4. Internet Suppliers Generic Manufacturers Wholesalers Ethical Manufacturers Importers Dispensing GPs Retail Pharmacy
- 6. Price Decay
- 19. Other Products
- 20. Price Bounces
- 26. Seasonality
- 28. Seasonality - Omeprazole Oct 02- Sep 06
- 29. Seasonality - Ciprofloxacin Jan 03 – Dec 05
- 30. Seasonality - Levothyroxine Oct 00-Sep 06
- 31. Seasonality - Atenolol Oct 00-Sep 06 Jan 01- Dec 05
- 32. Seasonality - Simvastatin Oct 03-Sep 06
- 33. Seasonality - Lisinopril Jan 01 – Dec 05
- 43. Generic Data
- 47. Exchange Rate
- 57. Forecasting
- 58. How do companies forecast generic prices? Time Price Generic Launch
- 59. Some just react to market changes
- 60. Fitting trends to prices
- 61. But reality was different
- 62. Same Therapeutic Cat Same Therapeutic Category, But Different Decay Rates Selective Serotonin Re-Uptake Inhibitors
- 63. Same Market Value Same Value, But Different Decay Rates £450,000 - £550,000
- 64. Same molecule Same Molecule But No Uniformity Fluconazole Caps
- 65. Patterns & Relationships £ ? Generic Price Volume Market Share Value Brand Generic Spilt No of Manufacturers Reimbursement
- 66. Statisticians found each product can be modelled
- 67. Multiple models were produced, one for each product
- 68. Each with its own formula
- 73. Evergreening
- 77. Many Thanks
Editor's Notes
- How do companies set or predict prices. What would you do?
- A guess could be based on a particular competitor, or a key supplier, or an average, but it is still at heart a guess
- Trend lines can be added to what data you have, but often more than one line can be fitted to the same trend, and if you only have a few months of post patent generic prices, many trends could be fitted to the same data – each one a guess.
- The price went up, as it was following a hidden pattern, not immediately obvious to the uninformed
- Trend lines can be added to what data you have, but often more than one line can be fitted to the same trend, and if you only have a few months of post patent generic prices, many trends could be fitted to the same data – each one a guess.
- Trend lines can be added to what data you have, but often more than one line can be fitted to the same trend, and if you only have a few months of post patent generic prices, many trends could be fitted to the same data – each one a guess.
- But sometimes they don't
- Each could be connected with the underlying factors
- Even the rises in price due to availability and price could be predicted
- Even the rises in price due to availability and price could be predicted
- The range of decline curves possible is very wide