DIFFERENCE BETWEEN PCD, GENERIC, AND ETHICAL PHARMA SECTORS. Read More: https://bit.ly/2GFIONg
Are you a little bit confused about the difference between PCD, Generic, and Ethical Pharma Sectors? This blog gives the required information concisely and precisely.
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WHAT IS THE DIFFERENCE BETWEEN PCD, GENERIC, AND ETHICAL PHARMA SECTORS?
1. WHAT IS THE DIFFERENCE
BETWEEN PCD, GENERIC,
AND ETHICAL PHARMA
SECTORS?
Ambit Bio Medix
2. WHAT IS THE DIFFERENCE BETWEEN PCD, GENERIC,
AND ETHICAL PHARMA SECTORS?
3. • When you think about launching a business in
the pharma sector, it becomes difficult to
decide about the niche.
• The sector is a multifaceted one where each
facet is equally exciting. You can expect good
returns if you invest in the business and move
forward systematically.
• Are you a little bit confused about the three
popular business streams; PCD, ethical
pharma, and generic medicines?
• If yes, then this blog gives the required
information concisely and precisely.
4. PROPAGANDA-CUM-DISTRIBUTION OR PCD
• Whether you are an experienced entrepreneur
or a new entrant, PCD business is just right for
you. You can get the rights of marketing and
distribution from a pharma company.
• You are allowed to market the products within
the specified territory. You buy the franchise
rights to sell and promote the products. You
need to pursue doctors to endorse the
products.
5. • Stockiest and retail are two distribution channels.
The efficient your channel is, the better is your
performance.
• The secret of the success lies into two things; it
needs less money to start this business model
because you may choose a few selected products
without worrying about prohibitive costs.
• Thus, high profitability can be managed.
6. GENERIC SECTOR
• In this model, pharma companies directly sell
generic medicines to the retailers via their
distribution channel. Sales representatives
facilitate the process.
• The quality, performance, and use of generic
products are similar to their equivalent
branded drugs. There is no difference in the
route of administration as well.
7. • Three is a wide scope for generic medicines
in India.
• The cost of generic medicine is lower than
the branded products. Hence, they have
better penetration in economically weaker
sectors.
• These products are different in appearance
and packaging. Sometimes, the
manufacturing process or formulation may
also alter a little.
8. ETHICAL PHARMA SECTOR
• In this sector, product marketing is done by the network of
medical representatives. They promote the products and
convince retailers, physicians, and other medical
professionals.
• To achieve a success in this business model; the network
has to be very strong. The medical representatives are the
brand ambassadors. They must have excellent
communication skills and convincing power.
• It is the oldest business model that has been found quite
useful. The business model fundamentally believes in
ethical means where the products are marketed purely on
their merits. No unethical practices are allowed or
encouraged.
9. These three business models make the pharma
sector. Which one you choose depends on your
proficiency and preference.
Ambit Bio Medix is a leading and one of the best
PCD Pharma Franchise Company in India. It is
dedicated to enhance the quality of healthcare
industry by providing best pharmaceutical
products for distributorship and franchise.
Also Read:
• What are the Requirements for a PCD
Pharma Franchise?