Pharmaceutical Tech

Mar22016 by Pharmaceutical TechNo Comments

New challenges for The New Pharmaceutical Industry

Pharma Industry, Pharmaceutical Business Development

The pharmaceutical industry has entered in to a new era in the 21st century for extreme growth and innovations in technology. As there is a technological advancements exists, requirements and challenges are also persists. In pharmaceutical industry for this century, for the key players who are well established in market and intruders to the market have to be prepared to face important challenges and transformations from weak economy and certain financial bumps like price downs and scrutiny on business and ethical practices as well increase in regulation. Few of challenges are like: NCE is the new chemical entity which is most important factor for the pharmaceutical industry and is increasing rapidly with absence of ROI that is return on investment. Whilst, falling in the equity market ca...

Feb292016 by Pharmaceutical TechNo Comments

Hurdles to Global Pharma Markets Growth

Pharma Industry, Pharmaceutical Business Development, Pharmaceutical Excipients and Drug Formulation

One of the premium industrial segments ever and one such industry on which many nations across the globe have relied upon for boosting the economic development is Pharma Industry. However, when we dwell in to the insights, this is one of the most regulated industries and of course it has to be, as it is directly related to the lives of many. The other factor which is tagged to the global pharma markets are the controversies involving the honchos of Pharma sector globally. There are numerous instances where few companies from pharma sector have been in news for one or the other controversies. One way or the other, the global pharma companies had always made news, be it the pricing mechanism, or the issue of handling patents, or the breach of regulations, one or the other issue always is o...

Feb252016 by Pharmaceutical TechNo Comments

Clinical Research: Ethical or Unethical?

Clinical Trials, Drug Development, Pharmaceutical Excipients and Drug Formulation, Pharmaceutical Research and Development

Everybody believes that informed consent makes clinical research ethical. However, informed consent is neither necessary nor sufficient for ethical clinical research. Drawing on the basic philosophies underlying major codes, declarations, and other documents relevant to research with human subjects, The aspects which make Clinical Research Ethical: Value: enhancements of health or knowledge must be derived from the research; Scientific validity: the research must be methodologically rigorous. Fair subject selection: scientific objectives, not vulnerability or privilege, and the potential for and distribution of risks and benefits, should determine communities selected as study sites and the inclusion criteria for individual subjects. Favorable risk-benefit ratio: within th...

Feb212016 by Pharmaceutical TechNo Comments

The Pivot of FDI in Indian Pharma

Economic and Regional Development, Pharma Industry, Pharmaceutical Business Development

The department of industrial policy promotion (DIPP) is bringing new headwinds to the FDI (Foreign Direct Investment) in the sector of pharmaceuticals that looking for a review from it in regarding policies barely after its intervention from prime minister Clearance in months. The controversy rises here is regarding the FDI in retail to kick up the retail industry might bump back for time being, whereas another sector pharmaceuticals from FDI is quietly comes for UPA government clearance, which is going to hit common man pocket in future. States in India have some patent rights on the investor’s expenditure that spent on innovative research resources. These rights are granted for a certain period and during this period the owner solely can manufacture the drug by finding and fixing price...

Feb182016 by Pharmaceutical TechNo Comments

Reasons Behind Pharmaceutical Industry to Focus on Loyalty

Economic and Regional Development, Pharma Industry, Pharmaceutical Business Development

For every industry maintaining relationship with the customers is the most benefitting factor and this is the reason behind adopting CRM for every industry. CRM for the pharmaceutical industry is one among those. Most of the companies are interested to automate their management process which helps to continuous engaging with their customers. CRM will help companies to get enduring relationship with customers and it is not only limited to existing customers, this also perfect platform to get connected with new customers. Marketing strategies of every company should change according to the current market conditions. Companies should focus on their market programs to turn into value oriented that would differentiate to get successful. Most importantly, leveraging customer loyalty is the key ...

Feb152016 by Pharmaceutical TechNo Comments

Patents: A Way of growth for Pharmaceutical Companies

Pharma Industry, Pharmaceutical Distribution and Logistics, Pharmaceutical Patenting, Pharmaceutical Purchasing, Pharmaceutical Quality Assurance

Recent developments in the pharma sector, triggering the concerns of cold wars amongst few companies pertaining to the patents for certain drugs, it only reflects as to how standard are our patenting laws, and what are the pro’s and con’s of the international patenting procedures of various countries, and how it implicates the growth of the Industry. In 2005, India has amended its Patent Act, to protect the interests of the patenting company. Grating a patent gives the company leverage to manufacturing and marketing of the product in exclusivity for a period of 20 years. Despite of amending the patent laws and the regulations, still the companies couldn’t come to terms with the prevailing conditions of the global market. It’s not a surprising factor, that today there are so many case...