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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

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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)