SlideShare una empresa de Scribd logo
1 de 10
Branding significance for
   Pharmaceuticals




            Rajesh Kumar Yadav
Background
• Earlier the land and manufacturing plants were providing the

 main value to the pharmaceutical business

• Today the brand equities are adding value

• Doctors acts as Brand Ambassadors

• Companies not only rely on strong R&D, aggressive defense of

 patents and use of powerful sales force
Branding
• Important way to create awareness about potential benefits
 of drugs and medicines

• Differentiates products from competitors with both tangible
 and intangible benefits.

• Brands help businesses stand out from the crowd

• Also an emotional connect with the target audience

• Brands need to be protected and live longer in the market in
 the best interests of company
Current scenario
• Competitive environment has become more intense

• Need to differentiate a product from competition and
 establish a positive image of the drug and the company in the
 eyes of the customer

• Branding can be a new competitive advantage

• Companies are spending more money and effort on brand
 building

• Corex and other brands from Pfizer make Pfizer valuable
Disprin (Aspirin) and Disprin
        (Paracetamol)
• Shows the way forward for pharma companies in brand
 management

• Brands evolve with times, ensuring relevance to the target
 audience

• Brands should extend to various types of dosage formulations
 to ensure the brand is still exciting and relevant.
Brand acquisitions
• Reveals importance of branding in the pharma industry

• Piramal Healthcare Ltd acquired ‘i-pill’ brand of Cipla Ltd for

  an aggregate sum of Rs 950 million.
For non prescription products
• Brand names plays a significant role

• Direct to consumer advertisement is essential

• Consumer health/OTC market is the third most lucrative
  healthcare     sector    after    pharma        and   medical
  devices/diagnostics.
Branded Generics
• Companies working aggressively around patents to launch
  branded generics

• Giving option between premium branded and generic drugs

• Older   brands     have   created    a   strong   equity   (   eg.
  Corex, Voveran, Augmentin, Revital ,etc.

• Aspirin 100 years old still enjoying sales
Conclusion
• Brand building of an new medicine during patent
  period helps to prolongs its commercial life

• A strong brand will benefit from higher consumer
  loyalty

• Increase OTC market, Branded generics and intense
  competition provide new dimension to Pharma
  branding

• Positioning is the first step to good branding

• Corporate branding is often more effective than
  product branding (The Himalaya Drug company)
Branding significance for pharmaceuticals

Más contenido relacionado

La actualidad más candente

Marketing and sales roles in the pharmaceutical industry
Marketing and sales roles in the pharmaceutical industryMarketing and sales roles in the pharmaceutical industry
Marketing and sales roles in the pharmaceutical industryMuhammad Ali Jehangir
 
Pharmaceutical Brand Management Achieving Managed Care Pull Through Performance
Pharmaceutical Brand Management Achieving Managed Care Pull Through PerformancePharmaceutical Brand Management Achieving Managed Care Pull Through Performance
Pharmaceutical Brand Management Achieving Managed Care Pull Through PerformanceJGB1
 
Pharmaceutical Marketing Management.ppt
Pharmaceutical Marketing Management.pptPharmaceutical Marketing Management.ppt
Pharmaceutical Marketing Management.pptHarshadaa bafna
 
Pharmaceutical marketing by vikram mathariya
Pharmaceutical marketing by vikram mathariyaPharmaceutical marketing by vikram mathariya
Pharmaceutical marketing by vikram mathariyaAshish Agrawal
 
Role of Pharma Brand Manager
Role of Pharma Brand ManagerRole of Pharma Brand Manager
Role of Pharma Brand ManagerThe Enablers
 
How Many Types of Marketing Strategies in Pharma Sector? - Ambit Bio Medix
How Many Types of Marketing Strategies in Pharma Sector? - Ambit Bio MedixHow Many Types of Marketing Strategies in Pharma Sector? - Ambit Bio Medix
How Many Types of Marketing Strategies in Pharma Sector? - Ambit Bio Medixambitbiomedix12
 
How to Make Pharmaceutical Marketing Plan
How to Make Pharmaceutical Marketing PlanHow to Make Pharmaceutical Marketing Plan
How to Make Pharmaceutical Marketing PlanMuhammad Ali Jehangir
 
Emerging concepts in marketing
Emerging concepts in marketingEmerging concepts in marketing
Emerging concepts in marketingManohar Ramesh
 
Effective Medical Communications in Pharmaceutical marketing
Effective Medical Communications in Pharmaceutical marketingEffective Medical Communications in Pharmaceutical marketing
Effective Medical Communications in Pharmaceutical marketingDr Neelesh Bhandari
 
Pharmaceutical Management: Product mix
Pharmaceutical Management: Product mixPharmaceutical Management: Product mix
Pharmaceutical Management: Product mixCarmela Alonzo
 
Pharma marketing
Pharma marketingPharma marketing
Pharma marketingUzair Ahmed
 
Training Program for Medical Representatives by Anup Soans
Training Program for Medical Representatives by Anup Soans Training Program for Medical Representatives by Anup Soans
Training Program for Medical Representatives by Anup Soans Anup Soans
 
PHARMA INDUSTRY AND BRANDING
PHARMA INDUSTRY AND BRANDINGPHARMA INDUSTRY AND BRANDING
PHARMA INDUSTRY AND BRANDINGJobin George
 
marketing & sales roles for the pharma industries
marketing & sales roles for the pharma industriesmarketing & sales roles for the pharma industries
marketing & sales roles for the pharma industriesAbhilash Vangari
 

La actualidad más candente (20)

Marketing and sales roles in the pharmaceutical industry
Marketing and sales roles in the pharmaceutical industryMarketing and sales roles in the pharmaceutical industry
Marketing and sales roles in the pharmaceutical industry
 
Pharmaceutical Marketing Management
Pharmaceutical Marketing ManagementPharmaceutical Marketing Management
Pharmaceutical Marketing Management
 
Pharmaceutical Brand Management Achieving Managed Care Pull Through Performance
Pharmaceutical Brand Management Achieving Managed Care Pull Through PerformancePharmaceutical Brand Management Achieving Managed Care Pull Through Performance
Pharmaceutical Brand Management Achieving Managed Care Pull Through Performance
 
Pharmaceutical Marketing
Pharmaceutical MarketingPharmaceutical Marketing
Pharmaceutical Marketing
 
Pharmaceutical Marketing Management.ppt
Pharmaceutical Marketing Management.pptPharmaceutical Marketing Management.ppt
Pharmaceutical Marketing Management.ppt
 
Pharmaceutical Marketing Strategies
Pharmaceutical Marketing StrategiesPharmaceutical Marketing Strategies
Pharmaceutical Marketing Strategies
 
Pharmaceutical marketing by vikram mathariya
Pharmaceutical marketing by vikram mathariyaPharmaceutical marketing by vikram mathariya
Pharmaceutical marketing by vikram mathariya
 
Role of Pharma Brand Manager
Role of Pharma Brand ManagerRole of Pharma Brand Manager
Role of Pharma Brand Manager
 
How Many Types of Marketing Strategies in Pharma Sector? - Ambit Bio Medix
How Many Types of Marketing Strategies in Pharma Sector? - Ambit Bio MedixHow Many Types of Marketing Strategies in Pharma Sector? - Ambit Bio Medix
How Many Types of Marketing Strategies in Pharma Sector? - Ambit Bio Medix
 
How to Make Pharmaceutical Marketing Plan
How to Make Pharmaceutical Marketing PlanHow to Make Pharmaceutical Marketing Plan
How to Make Pharmaceutical Marketing Plan
 
Emerging concepts in marketing
Emerging concepts in marketingEmerging concepts in marketing
Emerging concepts in marketing
 
Effective Medical Communications in Pharmaceutical marketing
Effective Medical Communications in Pharmaceutical marketingEffective Medical Communications in Pharmaceutical marketing
Effective Medical Communications in Pharmaceutical marketing
 
Pharmaceutical Management: Product mix
Pharmaceutical Management: Product mixPharmaceutical Management: Product mix
Pharmaceutical Management: Product mix
 
Pharma marketing
Pharma marketingPharma marketing
Pharma marketing
 
Training Program for Medical Representatives by Anup Soans
Training Program for Medical Representatives by Anup Soans Training Program for Medical Representatives by Anup Soans
Training Program for Medical Representatives by Anup Soans
 
Drug promotion 2017
Drug promotion 2017Drug promotion 2017
Drug promotion 2017
 
PHARMA INDUSTRY AND BRANDING
PHARMA INDUSTRY AND BRANDINGPHARMA INDUSTRY AND BRANDING
PHARMA INDUSTRY AND BRANDING
 
New Launch Strategy & Product Cycle
New Launch Strategy & Product CycleNew Launch Strategy & Product Cycle
New Launch Strategy & Product Cycle
 
marketing & sales roles for the pharma industries
marketing & sales roles for the pharma industriesmarketing & sales roles for the pharma industries
marketing & sales roles for the pharma industries
 
E pharmacy
E pharmacyE pharmacy
E pharmacy
 

Similar a Branding significance for pharmaceuticals

Building global pharmaceutical brand
Building global pharmaceutical brandBuilding global pharmaceutical brand
Building global pharmaceutical brandUmesh R. Sonawane
 
WHAT IS THE DIFFERENCE BETWEEN PCD, GENERIC, AND ETHICAL PHARMA SECTORS?
WHAT IS THE DIFFERENCE BETWEEN PCD, GENERIC, AND ETHICAL PHARMA SECTORS?WHAT IS THE DIFFERENCE BETWEEN PCD, GENERIC, AND ETHICAL PHARMA SECTORS?
WHAT IS THE DIFFERENCE BETWEEN PCD, GENERIC, AND ETHICAL PHARMA SECTORS?ambitbiomedix12
 
Pharma contract manufacturing companies in india
Pharma contract manufacturing companies in india Pharma contract manufacturing companies in india
Pharma contract manufacturing companies in india AditiMehra14
 
Presentation on PharmEvo - Karim Virani, Hina Tejani & Anila Lakhani
Presentation on PharmEvo - Karim Virani, Hina Tejani & Anila LakhaniPresentation on PharmEvo - Karim Virani, Hina Tejani & Anila Lakhani
Presentation on PharmEvo - Karim Virani, Hina Tejani & Anila LakhaniKarim Virani
 
Marketing of a pharma (Basic)
Marketing of a pharma (Basic)Marketing of a pharma (Basic)
Marketing of a pharma (Basic)Arsalan Humayun
 
Enterpreneurial -Pharmaceutical-Marketing (Long Ming).pdf
Enterpreneurial -Pharmaceutical-Marketing (Long Ming).pdfEnterpreneurial -Pharmaceutical-Marketing (Long Ming).pdf
Enterpreneurial -Pharmaceutical-Marketing (Long Ming).pdfTimothyOlson20
 
49679903-PRODUCT-DETAILING-IN-THE-PHARMA-INDUSTRY-final.pptx
49679903-PRODUCT-DETAILING-IN-THE-PHARMA-INDUSTRY-final.pptx49679903-PRODUCT-DETAILING-IN-THE-PHARMA-INDUSTRY-final.pptx
49679903-PRODUCT-DETAILING-IN-THE-PHARMA-INDUSTRY-final.pptxmatpk6922
 
Aagami Corporate Presentation
Aagami Corporate PresentationAagami Corporate Presentation
Aagami Corporate PresentationAagami, Inc.
 
Aagami Corporate Presentation April 2022
Aagami Corporate Presentation April 2022Aagami Corporate Presentation April 2022
Aagami Corporate Presentation April 2022Aagami, Inc.
 
Generics Asia 2014
Generics Asia 2014 Generics Asia 2014
Generics Asia 2014 Rita Barry
 
shahzaib riaz ......pptx
shahzaib riaz ......pptxshahzaib riaz ......pptx
shahzaib riaz ......pptxcvmvhqrksn
 
Pre-Launch Planning: Priming Your Pharma Brand For Profit And Success (mini)
Pre-Launch Planning: Priming Your Pharma Brand For Profit And Success (mini)Pre-Launch Planning: Priming Your Pharma Brand For Profit And Success (mini)
Pre-Launch Planning: Priming Your Pharma Brand For Profit And Success (mini)Eularis
 
Top generic pharma companies in india ppt
Top generic pharma companies in india pptTop generic pharma companies in india ppt
Top generic pharma companies in india pptAditiMehra14
 
Top 10 pharma companies in haridwar | Pharmaadda
Top 10 pharma companies in haridwar | PharmaaddaTop 10 pharma companies in haridwar | Pharmaadda
Top 10 pharma companies in haridwar | PharmaaddaAditiMehra14
 
GetPersonalized! Pharma's perspective on the future, Claudia Karnbach
GetPersonalized! Pharma's perspective on the future, Claudia KarnbachGetPersonalized! Pharma's perspective on the future, Claudia Karnbach
GetPersonalized! Pharma's perspective on the future, Claudia KarnbachSitra / Hyvinvointi
 

Similar a Branding significance for pharmaceuticals (20)

Building global pharmaceutical brand
Building global pharmaceutical brandBuilding global pharmaceutical brand
Building global pharmaceutical brand
 
WHAT IS THE DIFFERENCE BETWEEN PCD, GENERIC, AND ETHICAL PHARMA SECTORS?
WHAT IS THE DIFFERENCE BETWEEN PCD, GENERIC, AND ETHICAL PHARMA SECTORS?WHAT IS THE DIFFERENCE BETWEEN PCD, GENERIC, AND ETHICAL PHARMA SECTORS?
WHAT IS THE DIFFERENCE BETWEEN PCD, GENERIC, AND ETHICAL PHARMA SECTORS?
 
Pharma contract manufacturing companies in india
Pharma contract manufacturing companies in india Pharma contract manufacturing companies in india
Pharma contract manufacturing companies in india
 
Market ppt
Market pptMarket ppt
Market ppt
 
Presentation on PharmEvo - Karim Virani, Hina Tejani & Anila Lakhani
Presentation on PharmEvo - Karim Virani, Hina Tejani & Anila LakhaniPresentation on PharmEvo - Karim Virani, Hina Tejani & Anila Lakhani
Presentation on PharmEvo - Karim Virani, Hina Tejani & Anila Lakhani
 
Marketing of a pharma (Basic)
Marketing of a pharma (Basic)Marketing of a pharma (Basic)
Marketing of a pharma (Basic)
 
Phad 2 pp
Phad 2 ppPhad 2 pp
Phad 2 pp
 
Enterpreneurial -Pharmaceutical-Marketing (Long Ming).pdf
Enterpreneurial -Pharmaceutical-Marketing (Long Ming).pdfEnterpreneurial -Pharmaceutical-Marketing (Long Ming).pdf
Enterpreneurial -Pharmaceutical-Marketing (Long Ming).pdf
 
49679903-PRODUCT-DETAILING-IN-THE-PHARMA-INDUSTRY-final.pptx
49679903-PRODUCT-DETAILING-IN-THE-PHARMA-INDUSTRY-final.pptx49679903-PRODUCT-DETAILING-IN-THE-PHARMA-INDUSTRY-final.pptx
49679903-PRODUCT-DETAILING-IN-THE-PHARMA-INDUSTRY-final.pptx
 
IPCA Labs
IPCA LabsIPCA Labs
IPCA Labs
 
Aagami Corporate Presentation
Aagami Corporate PresentationAagami Corporate Presentation
Aagami Corporate Presentation
 
Aagami Corporate Presentation April 2022
Aagami Corporate Presentation April 2022Aagami Corporate Presentation April 2022
Aagami Corporate Presentation April 2022
 
Marketing mix of sun pharma
Marketing mix of sun pharmaMarketing mix of sun pharma
Marketing mix of sun pharma
 
Generics Asia 2014
Generics Asia 2014 Generics Asia 2014
Generics Asia 2014
 
shahzaib riaz ......pptx
shahzaib riaz ......pptxshahzaib riaz ......pptx
shahzaib riaz ......pptx
 
Pre-Launch Planning: Priming Your Pharma Brand For Profit And Success (mini)
Pre-Launch Planning: Priming Your Pharma Brand For Profit And Success (mini)Pre-Launch Planning: Priming Your Pharma Brand For Profit And Success (mini)
Pre-Launch Planning: Priming Your Pharma Brand For Profit And Success (mini)
 
Top generic pharma companies in india ppt
Top generic pharma companies in india pptTop generic pharma companies in india ppt
Top generic pharma companies in india ppt
 
Dr.reddy
Dr.reddyDr.reddy
Dr.reddy
 
Top 10 pharma companies in haridwar | Pharmaadda
Top 10 pharma companies in haridwar | PharmaaddaTop 10 pharma companies in haridwar | Pharmaadda
Top 10 pharma companies in haridwar | Pharmaadda
 
GetPersonalized! Pharma's perspective on the future, Claudia Karnbach
GetPersonalized! Pharma's perspective on the future, Claudia KarnbachGetPersonalized! Pharma's perspective on the future, Claudia Karnbach
GetPersonalized! Pharma's perspective on the future, Claudia Karnbach
 

Último

Ten Organizational Design Models to align structure and operations to busines...
Ten Organizational Design Models to align structure and operations to busines...Ten Organizational Design Models to align structure and operations to busines...
Ten Organizational Design Models to align structure and operations to busines...Seta Wicaksana
 
Investment in The Coconut Industry by Nancy Cheruiyot
Investment in The Coconut Industry by Nancy CheruiyotInvestment in The Coconut Industry by Nancy Cheruiyot
Investment in The Coconut Industry by Nancy Cheruiyotictsugar
 
Organizational Structure Running A Successful Business
Organizational Structure Running A Successful BusinessOrganizational Structure Running A Successful Business
Organizational Structure Running A Successful BusinessSeta Wicaksana
 
The-Ethical-issues-ghhhhhhhhjof-Byjus.pptx
The-Ethical-issues-ghhhhhhhhjof-Byjus.pptxThe-Ethical-issues-ghhhhhhhhjof-Byjus.pptx
The-Ethical-issues-ghhhhhhhhjof-Byjus.pptxmbikashkanyari
 
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCRashishs7044
 
Financial-Statement-Analysis-of-Coca-cola-Company.pptx
Financial-Statement-Analysis-of-Coca-cola-Company.pptxFinancial-Statement-Analysis-of-Coca-cola-Company.pptx
Financial-Statement-Analysis-of-Coca-cola-Company.pptxsaniyaimamuddin
 
Memorándum de Entendimiento (MoU) entre Codelco y SQM
Memorándum de Entendimiento (MoU) entre Codelco y SQMMemorándum de Entendimiento (MoU) entre Codelco y SQM
Memorándum de Entendimiento (MoU) entre Codelco y SQMVoces Mineras
 
8447779800, Low rate Call girls in Saket Delhi NCR
8447779800, Low rate Call girls in Saket Delhi NCR8447779800, Low rate Call girls in Saket Delhi NCR
8447779800, Low rate Call girls in Saket Delhi NCRashishs7044
 
Kenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith PereraKenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith Pereraictsugar
 
Guide Complete Set of Residential Architectural Drawings PDF
Guide Complete Set of Residential Architectural Drawings PDFGuide Complete Set of Residential Architectural Drawings PDF
Guide Complete Set of Residential Architectural Drawings PDFChandresh Chudasama
 
8447779800, Low rate Call girls in Rohini Delhi NCR
8447779800, Low rate Call girls in Rohini Delhi NCR8447779800, Low rate Call girls in Rohini Delhi NCR
8447779800, Low rate Call girls in Rohini Delhi NCRashishs7044
 
Kenya’s Coconut Value Chain by Gatsby Africa
Kenya’s Coconut Value Chain by Gatsby AfricaKenya’s Coconut Value Chain by Gatsby Africa
Kenya’s Coconut Value Chain by Gatsby Africaictsugar
 
Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03DallasHaselhorst
 
Digital Transformation in the PLM domain - distrib.pdf
Digital Transformation in the PLM domain - distrib.pdfDigital Transformation in the PLM domain - distrib.pdf
Digital Transformation in the PLM domain - distrib.pdfJos Voskuil
 
International Business Environments and Operations 16th Global Edition test b...
International Business Environments and Operations 16th Global Edition test b...International Business Environments and Operations 16th Global Edition test b...
International Business Environments and Operations 16th Global Edition test b...ssuserf63bd7
 
Chapter 9 PPT 4th edition.pdf internal audit
Chapter 9 PPT 4th edition.pdf internal auditChapter 9 PPT 4th edition.pdf internal audit
Chapter 9 PPT 4th edition.pdf internal auditNhtLNguyn9
 
APRIL2024_UKRAINE_xml_0000000000000 .pdf
APRIL2024_UKRAINE_xml_0000000000000 .pdfAPRIL2024_UKRAINE_xml_0000000000000 .pdf
APRIL2024_UKRAINE_xml_0000000000000 .pdfRbc Rbcua
 
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCRashishs7044
 

Último (20)

Corporate Profile 47Billion Information Technology
Corporate Profile 47Billion Information TechnologyCorporate Profile 47Billion Information Technology
Corporate Profile 47Billion Information Technology
 
Ten Organizational Design Models to align structure and operations to busines...
Ten Organizational Design Models to align structure and operations to busines...Ten Organizational Design Models to align structure and operations to busines...
Ten Organizational Design Models to align structure and operations to busines...
 
Investment in The Coconut Industry by Nancy Cheruiyot
Investment in The Coconut Industry by Nancy CheruiyotInvestment in The Coconut Industry by Nancy Cheruiyot
Investment in The Coconut Industry by Nancy Cheruiyot
 
No-1 Call Girls In Goa 93193 VIP 73153 Escort service In North Goa Panaji, Ca...
No-1 Call Girls In Goa 93193 VIP 73153 Escort service In North Goa Panaji, Ca...No-1 Call Girls In Goa 93193 VIP 73153 Escort service In North Goa Panaji, Ca...
No-1 Call Girls In Goa 93193 VIP 73153 Escort service In North Goa Panaji, Ca...
 
Organizational Structure Running A Successful Business
Organizational Structure Running A Successful BusinessOrganizational Structure Running A Successful Business
Organizational Structure Running A Successful Business
 
The-Ethical-issues-ghhhhhhhhjof-Byjus.pptx
The-Ethical-issues-ghhhhhhhhjof-Byjus.pptxThe-Ethical-issues-ghhhhhhhhjof-Byjus.pptx
The-Ethical-issues-ghhhhhhhhjof-Byjus.pptx
 
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
 
Financial-Statement-Analysis-of-Coca-cola-Company.pptx
Financial-Statement-Analysis-of-Coca-cola-Company.pptxFinancial-Statement-Analysis-of-Coca-cola-Company.pptx
Financial-Statement-Analysis-of-Coca-cola-Company.pptx
 
Memorándum de Entendimiento (MoU) entre Codelco y SQM
Memorándum de Entendimiento (MoU) entre Codelco y SQMMemorándum de Entendimiento (MoU) entre Codelco y SQM
Memorándum de Entendimiento (MoU) entre Codelco y SQM
 
8447779800, Low rate Call girls in Saket Delhi NCR
8447779800, Low rate Call girls in Saket Delhi NCR8447779800, Low rate Call girls in Saket Delhi NCR
8447779800, Low rate Call girls in Saket Delhi NCR
 
Kenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith PereraKenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith Perera
 
Guide Complete Set of Residential Architectural Drawings PDF
Guide Complete Set of Residential Architectural Drawings PDFGuide Complete Set of Residential Architectural Drawings PDF
Guide Complete Set of Residential Architectural Drawings PDF
 
8447779800, Low rate Call girls in Rohini Delhi NCR
8447779800, Low rate Call girls in Rohini Delhi NCR8447779800, Low rate Call girls in Rohini Delhi NCR
8447779800, Low rate Call girls in Rohini Delhi NCR
 
Kenya’s Coconut Value Chain by Gatsby Africa
Kenya’s Coconut Value Chain by Gatsby AfricaKenya’s Coconut Value Chain by Gatsby Africa
Kenya’s Coconut Value Chain by Gatsby Africa
 
Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03
 
Digital Transformation in the PLM domain - distrib.pdf
Digital Transformation in the PLM domain - distrib.pdfDigital Transformation in the PLM domain - distrib.pdf
Digital Transformation in the PLM domain - distrib.pdf
 
International Business Environments and Operations 16th Global Edition test b...
International Business Environments and Operations 16th Global Edition test b...International Business Environments and Operations 16th Global Edition test b...
International Business Environments and Operations 16th Global Edition test b...
 
Chapter 9 PPT 4th edition.pdf internal audit
Chapter 9 PPT 4th edition.pdf internal auditChapter 9 PPT 4th edition.pdf internal audit
Chapter 9 PPT 4th edition.pdf internal audit
 
APRIL2024_UKRAINE_xml_0000000000000 .pdf
APRIL2024_UKRAINE_xml_0000000000000 .pdfAPRIL2024_UKRAINE_xml_0000000000000 .pdf
APRIL2024_UKRAINE_xml_0000000000000 .pdf
 
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
 

Branding significance for pharmaceuticals

  • 1. Branding significance for Pharmaceuticals Rajesh Kumar Yadav
  • 2. Background • Earlier the land and manufacturing plants were providing the main value to the pharmaceutical business • Today the brand equities are adding value • Doctors acts as Brand Ambassadors • Companies not only rely on strong R&D, aggressive defense of patents and use of powerful sales force
  • 3. Branding • Important way to create awareness about potential benefits of drugs and medicines • Differentiates products from competitors with both tangible and intangible benefits. • Brands help businesses stand out from the crowd • Also an emotional connect with the target audience • Brands need to be protected and live longer in the market in the best interests of company
  • 4. Current scenario • Competitive environment has become more intense • Need to differentiate a product from competition and establish a positive image of the drug and the company in the eyes of the customer • Branding can be a new competitive advantage • Companies are spending more money and effort on brand building • Corex and other brands from Pfizer make Pfizer valuable
  • 5. Disprin (Aspirin) and Disprin (Paracetamol) • Shows the way forward for pharma companies in brand management • Brands evolve with times, ensuring relevance to the target audience • Brands should extend to various types of dosage formulations to ensure the brand is still exciting and relevant.
  • 6. Brand acquisitions • Reveals importance of branding in the pharma industry • Piramal Healthcare Ltd acquired ‘i-pill’ brand of Cipla Ltd for an aggregate sum of Rs 950 million.
  • 7. For non prescription products • Brand names plays a significant role • Direct to consumer advertisement is essential • Consumer health/OTC market is the third most lucrative healthcare sector after pharma and medical devices/diagnostics.
  • 8. Branded Generics • Companies working aggressively around patents to launch branded generics • Giving option between premium branded and generic drugs • Older brands have created a strong equity ( eg. Corex, Voveran, Augmentin, Revital ,etc. • Aspirin 100 years old still enjoying sales
  • 9. Conclusion • Brand building of an new medicine during patent period helps to prolongs its commercial life • A strong brand will benefit from higher consumer loyalty • Increase OTC market, Branded generics and intense competition provide new dimension to Pharma branding • Positioning is the first step to good branding • Corporate branding is often more effective than product branding (The Himalaya Drug company)