WORKING DAYS
Mon-Sat: 9.00 to 6.00
Difference Between PCD, Generic, and Ethical Pharma Franchise: The pharmaceutical industry in India has limitless scope. It is the biggest field that offers several benefits to entrepreneurs. In the 2021 annual report, the Indian pharma sector has contributed 1.72 % of the country’s GDP. In the year 2021, the pharma industry in India was estimated to generate revenue of 42 billion dollars domestically. Many small companies and sectors in this industry have a major focus.
All the modules are crucial to the pharma industry. Generally, it has three modules such as PCD (Propaganda Cum Distribution), Generic, and Ethical, that represent different approaches to distributing and marketing pharmaceutical products. Usually, people can not differentiate this module so to clear your doubts in this blog we explain the Top Difference Between PCD, Generic, and Ethical Pharma Franchise.
PCD, Generic, and Ethical Pharma Franchises represent a different type of business module in the pharma industry. PCD targets supplying and promoting quality pharma products through independent franchise partners, generic pharma franchises deal with generic drug alternatives, and ethical pharma franchises go along with ethical marketing practices. Here are the major differences between PCD, Generic, and Ethical Pharma Franchise:
PCD refers to propaganda-less distribution which means a kind of field in which a pharma company contracts a franchise agreement with a person or group of people. The PCD module is well popular marketing and distribution strategy commonly used by pharma companies to reach their target audience. Parent pharma company offers unique monopoly rights with the independence to promote, distribute, and sell their pharma products in a specific geographic location.
The generic module is a widely recognized field. It operates by marketing and distributing generic pharmaceutical products. It provides affordable alternative brand-name drugs and the franchise model facilitates the expanded availability of these generic pharma products by leveraging local expertise and distribution networks. This cost-effective approach contributes to broader access to essential medications while going along with quality and safety standards.
Ethical pharma franchises are also called ethical marketing and ethical promotions. It belongs to franchise companies that provide work as wholesale distributor companies for pharma products. They are 24 hours with highly demanding stocks, and with them, you never suffer from a stock shortage. This allows the franchise to provide various therapeutic segments to consumers with no constraints on manufacturing. Apart from this ethical pharma franchise doesn’t mean a moral module it means all procedures adhere to ethical standards.
Module | Nature | Ownership | Promotion | Product Range |
PCD pharma franchise | Promote and distribute products in specific locations. | Operate independently but operate under the umbrella | Create awareness and demand | therapeutic category |
Generic pharma franchise | Marketing and selling generic products | Copies of a brand name have the same ingredients, use, and effects. | Cost-effective strategy | alternatives to brand-name drugs |
Ethical Pharma franchise | Marketing and distribution of ethical pharma products | Adheres to ethical standards and practice and promotion of pharmaceutical products. | healthcare professionals, maintaining transparency and following regulatory guidelines. | prescription medications |
Neuracle Lifesciences was founded in the year 2016. It is an ISO, GMP, and WHO-certified PCD pharma franchise company that offers high-quality generic drugs and superior-quality pharmaceutical products. It manufactures and supplies a vast range of 300+ superior-quality pharmaceutical products which are approved by FSSAI and DCGI. Moreover, a range of solutions such as tablets, capsules, syrups, injections, etc are available at an effective cost. Moreover, a pharma company in India strictly follows ethical standards they work under the guidelines of WHO and GMP to match international quality standards.