SlideShare une entreprise Scribd logo
1  sur  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

Contenu connexe

Tendances

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
 
Promotional activities of pharmaceutical industry
Promotional activities of pharmaceutical industryPromotional activities of pharmaceutical industry
Promotional activities of pharmaceutical industryAbdu Nasir H
 
Sales promotion activities of pharmaceuticals industry in Bangladesh.
Sales promotion activities of pharmaceuticals industry in Bangladesh. Sales promotion activities of pharmaceuticals industry in Bangladesh.
Sales promotion activities of pharmaceuticals industry in Bangladesh. Mainuddin Moin
 
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
 
Pharmaceutical marketing by vikram mathariya
Pharmaceutical marketing by vikram mathariyaPharmaceutical marketing by vikram mathariya
Pharmaceutical marketing by vikram mathariyaAshish Agrawal
 
Product branding
Product brandingProduct branding
Product brandingMishraAnnu
 
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 Marketing Management.ppt
Pharmaceutical Marketing Management.pptPharmaceutical Marketing Management.ppt
Pharmaceutical Marketing Management.pptHarshadaa bafna
 
Pharmaceutical Marketing Channel
Pharmaceutical Marketing ChannelPharmaceutical Marketing Channel
Pharmaceutical Marketing Channelrohit kamboj
 
Hexgabalin pharmaceutical marketing plan - case study
Hexgabalin  pharmaceutical marketing plan - case studyHexgabalin  pharmaceutical marketing plan - case study
Hexgabalin pharmaceutical marketing plan - case studyAbdelrhman Tantawy
 
Role of Business Development in Pharmaceuticals (Generic Product Business)
Role of Business Development in Pharmaceuticals (Generic Product Business)Role of Business Development in Pharmaceuticals (Generic Product Business)
Role of Business Development in Pharmaceuticals (Generic Product Business)Muhammad Ali Jehangir
 
Pharma marketing
Pharma marketingPharma marketing
Pharma marketingUzair Ahmed
 
Marketing Plan of Esomeprazole
Marketing Plan of EsomeprazoleMarketing Plan of Esomeprazole
Marketing Plan of EsomeprazoleAnimesh Gupta
 
Brand plan on cough syrup
Brand plan on cough syrup Brand plan on cough syrup
Brand plan on cough syrup Animesh Gupta
 
Overview of otc market
Overview of otc marketOverview of otc market
Overview of otc marketsanjuji
 
Brand Plan of Crocin
Brand Plan of Crocin Brand Plan of Crocin
Brand Plan of Crocin Sunita Sharma
 
Chapter 2 pharmaceutical marketing by prof. n. s. lohe
Chapter 2 pharmaceutical marketing by prof. n. s. lohe Chapter 2 pharmaceutical marketing by prof. n. s. lohe
Chapter 2 pharmaceutical marketing by prof. n. s. lohe Prof. Nikhil Lohe
 

Tendances (20)

Pharmaceutical Marketing Strategies
Pharmaceutical Marketing StrategiesPharmaceutical Marketing Strategies
Pharmaceutical Marketing Strategies
 
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
 
Promotional activities of pharmaceutical industry
Promotional activities of pharmaceutical industryPromotional activities of pharmaceutical industry
Promotional activities of pharmaceutical industry
 
Sales promotion activities of pharmaceuticals industry in Bangladesh.
Sales promotion activities of pharmaceuticals industry in Bangladesh. Sales promotion activities of pharmaceuticals industry in Bangladesh.
Sales promotion activities of pharmaceuticals industry in Bangladesh.
 
Drug promotion 2017
Drug promotion 2017Drug promotion 2017
Drug promotion 2017
 
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
 
Pharmaceutical marketing by vikram mathariya
Pharmaceutical marketing by vikram mathariyaPharmaceutical marketing by vikram mathariya
Pharmaceutical marketing by vikram mathariya
 
Product branding
Product brandingProduct branding
Product branding
 
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.ppt
Pharmaceutical Marketing Management.pptPharmaceutical Marketing Management.ppt
Pharmaceutical Marketing Management.ppt
 
Pharmaceutical Marketing Channel
Pharmaceutical Marketing ChannelPharmaceutical Marketing Channel
Pharmaceutical Marketing Channel
 
Channels of distribution
Channels of distributionChannels of distribution
Channels of distribution
 
Hexgabalin pharmaceutical marketing plan - case study
Hexgabalin  pharmaceutical marketing plan - case studyHexgabalin  pharmaceutical marketing plan - case study
Hexgabalin pharmaceutical marketing plan - case study
 
Role of Business Development in Pharmaceuticals (Generic Product Business)
Role of Business Development in Pharmaceuticals (Generic Product Business)Role of Business Development in Pharmaceuticals (Generic Product Business)
Role of Business Development in Pharmaceuticals (Generic Product Business)
 
Pharma marketing
Pharma marketingPharma marketing
Pharma marketing
 
Marketing Plan of Esomeprazole
Marketing Plan of EsomeprazoleMarketing Plan of Esomeprazole
Marketing Plan of Esomeprazole
 
Brand plan on cough syrup
Brand plan on cough syrup Brand plan on cough syrup
Brand plan on cough syrup
 
Overview of otc market
Overview of otc marketOverview of otc market
Overview of otc market
 
Brand Plan of Crocin
Brand Plan of Crocin Brand Plan of Crocin
Brand Plan of Crocin
 
Chapter 2 pharmaceutical marketing by prof. n. s. lohe
Chapter 2 pharmaceutical marketing by prof. n. s. lohe Chapter 2 pharmaceutical marketing by prof. n. s. lohe
Chapter 2 pharmaceutical marketing by prof. n. s. lohe
 

Similaire à 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
 
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
 
Pharmaceuticals remedica
Pharmaceuticals remedicaPharmaceuticals remedica
Pharmaceuticals remedicaNic Marketing
 

Similaire à 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
 
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
 
Pharmaceuticals remedica
Pharmaceuticals remedicaPharmaceuticals remedica
Pharmaceuticals remedica
 

Dernier

Dr. Admir Softic_ presentation_Green Club_ENG.pdf
Dr. Admir Softic_ presentation_Green Club_ENG.pdfDr. Admir Softic_ presentation_Green Club_ENG.pdf
Dr. Admir Softic_ presentation_Green Club_ENG.pdfAdmir Softic
 
Durg CALL GIRL ❤ 82729*64427❤ CALL GIRLS IN durg ESCORTS
Durg CALL GIRL ❤ 82729*64427❤ CALL GIRLS IN durg ESCORTSDurg CALL GIRL ❤ 82729*64427❤ CALL GIRLS IN durg ESCORTS
Durg CALL GIRL ❤ 82729*64427❤ CALL GIRLS IN durg ESCORTSkajalroy875762
 
Ooty Call Gril 80022//12248 Only For Sex And High Profile Best Gril Sex Avail...
Ooty Call Gril 80022//12248 Only For Sex And High Profile Best Gril Sex Avail...Ooty Call Gril 80022//12248 Only For Sex And High Profile Best Gril Sex Avail...
Ooty Call Gril 80022//12248 Only For Sex And High Profile Best Gril Sex Avail...pujan9679
 
Challenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
Challenges and Opportunities: A Qualitative Study on Tax Compliance in PakistanChallenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
Challenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistanvineshkumarsajnani12
 
QSM Chap 10 Service Culture in Tourism and Hospitality Industry.pptx
QSM Chap 10 Service Culture in Tourism and Hospitality Industry.pptxQSM Chap 10 Service Culture in Tourism and Hospitality Industry.pptx
QSM Chap 10 Service Culture in Tourism and Hospitality Industry.pptxDitasDelaCruz
 
Nashik Call Girl Just Call 7091819311 Top Class Call Girl Service Available
Nashik Call Girl Just Call 7091819311 Top Class Call Girl Service AvailableNashik Call Girl Just Call 7091819311 Top Class Call Girl Service Available
Nashik Call Girl Just Call 7091819311 Top Class Call Girl Service Availablepr788182
 
Falcon Invoice Discounting: Empowering Your Business Growth
Falcon Invoice Discounting: Empowering Your Business GrowthFalcon Invoice Discounting: Empowering Your Business Growth
Falcon Invoice Discounting: Empowering Your Business GrowthFalcon investment
 
Lucknow Housewife Escorts by Sexy Bhabhi Service 8250092165
Lucknow Housewife Escorts  by Sexy Bhabhi Service 8250092165Lucknow Housewife Escorts  by Sexy Bhabhi Service 8250092165
Lucknow Housewife Escorts by Sexy Bhabhi Service 8250092165meghakumariji156
 
Berhampur CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Berhampur CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDINGBerhampur CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Berhampur CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDINGpr788182
 
PARK STREET 💋 Call Girl 9827461493 Call Girls in Escort service book now
PARK STREET 💋 Call Girl 9827461493 Call Girls in  Escort service book nowPARK STREET 💋 Call Girl 9827461493 Call Girls in  Escort service book now
PARK STREET 💋 Call Girl 9827461493 Call Girls in Escort service book nowkapoorjyoti4444
 
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...daisycvs
 
Getting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAI
Getting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAIGetting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAI
Getting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAITim Wilson
 
joint cost.pptx COST ACCOUNTING Sixteenth Edition ...
joint cost.pptx  COST ACCOUNTING  Sixteenth Edition                          ...joint cost.pptx  COST ACCOUNTING  Sixteenth Edition                          ...
joint cost.pptx COST ACCOUNTING Sixteenth Edition ...NadhimTaha
 
UAE Bur Dubai Call Girls ☏ 0564401582 Call Girl in Bur Dubai
UAE Bur Dubai Call Girls ☏ 0564401582 Call Girl in Bur DubaiUAE Bur Dubai Call Girls ☏ 0564401582 Call Girl in Bur Dubai
UAE Bur Dubai Call Girls ☏ 0564401582 Call Girl in Bur Dubaijaehdlyzca
 
Falcon Invoice Discounting: Unlock Your Business Potential
Falcon Invoice Discounting: Unlock Your Business PotentialFalcon Invoice Discounting: Unlock Your Business Potential
Falcon Invoice Discounting: Unlock Your Business PotentialFalcon investment
 
GUWAHATI 💋 Call Girl 9827461493 Call Girls in Escort service book now
GUWAHATI 💋 Call Girl 9827461493 Call Girls in  Escort service book nowGUWAHATI 💋 Call Girl 9827461493 Call Girls in  Escort service book now
GUWAHATI 💋 Call Girl 9827461493 Call Girls in Escort service book nowkapoorjyoti4444
 
Mckinsey foundation level Handbook for Viewing
Mckinsey foundation level Handbook for ViewingMckinsey foundation level Handbook for Viewing
Mckinsey foundation level Handbook for ViewingNauman Safdar
 
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan CytotecJual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan CytotecZurliaSoop
 
Arti Languages Pre Seed Teaser Deck 2024.pdf
Arti Languages Pre Seed Teaser Deck 2024.pdfArti Languages Pre Seed Teaser Deck 2024.pdf
Arti Languages Pre Seed Teaser Deck 2024.pdfwill854175
 

Dernier (20)

Dr. Admir Softic_ presentation_Green Club_ENG.pdf
Dr. Admir Softic_ presentation_Green Club_ENG.pdfDr. Admir Softic_ presentation_Green Club_ENG.pdf
Dr. Admir Softic_ presentation_Green Club_ENG.pdf
 
Durg CALL GIRL ❤ 82729*64427❤ CALL GIRLS IN durg ESCORTS
Durg CALL GIRL ❤ 82729*64427❤ CALL GIRLS IN durg ESCORTSDurg CALL GIRL ❤ 82729*64427❤ CALL GIRLS IN durg ESCORTS
Durg CALL GIRL ❤ 82729*64427❤ CALL GIRLS IN durg ESCORTS
 
Ooty Call Gril 80022//12248 Only For Sex And High Profile Best Gril Sex Avail...
Ooty Call Gril 80022//12248 Only For Sex And High Profile Best Gril Sex Avail...Ooty Call Gril 80022//12248 Only For Sex And High Profile Best Gril Sex Avail...
Ooty Call Gril 80022//12248 Only For Sex And High Profile Best Gril Sex Avail...
 
Challenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
Challenges and Opportunities: A Qualitative Study on Tax Compliance in PakistanChallenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
Challenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
 
QSM Chap 10 Service Culture in Tourism and Hospitality Industry.pptx
QSM Chap 10 Service Culture in Tourism and Hospitality Industry.pptxQSM Chap 10 Service Culture in Tourism and Hospitality Industry.pptx
QSM Chap 10 Service Culture in Tourism and Hospitality Industry.pptx
 
Buy gmail accounts.pdf buy Old Gmail Accounts
Buy gmail accounts.pdf buy Old Gmail AccountsBuy gmail accounts.pdf buy Old Gmail Accounts
Buy gmail accounts.pdf buy Old Gmail Accounts
 
Nashik Call Girl Just Call 7091819311 Top Class Call Girl Service Available
Nashik Call Girl Just Call 7091819311 Top Class Call Girl Service AvailableNashik Call Girl Just Call 7091819311 Top Class Call Girl Service Available
Nashik Call Girl Just Call 7091819311 Top Class Call Girl Service Available
 
Falcon Invoice Discounting: Empowering Your Business Growth
Falcon Invoice Discounting: Empowering Your Business GrowthFalcon Invoice Discounting: Empowering Your Business Growth
Falcon Invoice Discounting: Empowering Your Business Growth
 
Lucknow Housewife Escorts by Sexy Bhabhi Service 8250092165
Lucknow Housewife Escorts  by Sexy Bhabhi Service 8250092165Lucknow Housewife Escorts  by Sexy Bhabhi Service 8250092165
Lucknow Housewife Escorts by Sexy Bhabhi Service 8250092165
 
Berhampur CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Berhampur CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDINGBerhampur CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Berhampur CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
 
PARK STREET 💋 Call Girl 9827461493 Call Girls in Escort service book now
PARK STREET 💋 Call Girl 9827461493 Call Girls in  Escort service book nowPARK STREET 💋 Call Girl 9827461493 Call Girls in  Escort service book now
PARK STREET 💋 Call Girl 9827461493 Call Girls in Escort service book now
 
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
 
Getting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAI
Getting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAIGetting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAI
Getting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAI
 
joint cost.pptx COST ACCOUNTING Sixteenth Edition ...
joint cost.pptx  COST ACCOUNTING  Sixteenth Edition                          ...joint cost.pptx  COST ACCOUNTING  Sixteenth Edition                          ...
joint cost.pptx COST ACCOUNTING Sixteenth Edition ...
 
UAE Bur Dubai Call Girls ☏ 0564401582 Call Girl in Bur Dubai
UAE Bur Dubai Call Girls ☏ 0564401582 Call Girl in Bur DubaiUAE Bur Dubai Call Girls ☏ 0564401582 Call Girl in Bur Dubai
UAE Bur Dubai Call Girls ☏ 0564401582 Call Girl in Bur Dubai
 
Falcon Invoice Discounting: Unlock Your Business Potential
Falcon Invoice Discounting: Unlock Your Business PotentialFalcon Invoice Discounting: Unlock Your Business Potential
Falcon Invoice Discounting: Unlock Your Business Potential
 
GUWAHATI 💋 Call Girl 9827461493 Call Girls in Escort service book now
GUWAHATI 💋 Call Girl 9827461493 Call Girls in  Escort service book nowGUWAHATI 💋 Call Girl 9827461493 Call Girls in  Escort service book now
GUWAHATI 💋 Call Girl 9827461493 Call Girls in Escort service book now
 
Mckinsey foundation level Handbook for Viewing
Mckinsey foundation level Handbook for ViewingMckinsey foundation level Handbook for Viewing
Mckinsey foundation level Handbook for Viewing
 
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan CytotecJual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
 
Arti Languages Pre Seed Teaser Deck 2024.pdf
Arti Languages Pre Seed Teaser Deck 2024.pdfArti Languages Pre Seed Teaser Deck 2024.pdf
Arti Languages Pre Seed Teaser Deck 2024.pdf
 

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)