Pricing in Pharmaceuticals

Pricing New Innovations: Challenges and Strategies for Success

2024-07-04T10:27:47-04:00Categories: Our Services, Pricing Analytics, Pricing and Selling, Pricing Changes, Pricing in Pharmaceuticals, Pricing Management, Pricing Research, Pricing Strategy, Revenue Management|

Bringing new innovations to market poses significant challenges, especially when it comes to pricing. Without benchmarks, historical data, or clear price elasticity models, businesses often struggle to determine the right price for a groundbreaking product. Let's explore the key aspects of pricing new innovations and strategies to overcome these hurdles.  What Makes New Products [...]

Commercializing AI in Healthcare

2024-04-24T16:08:58-04:00Categories: Additional Research Services, Our Services, Pricing Analytics, Pricing and Selling, Pricing in Pharmaceuticals, Pricing Management, Pricing Research, Pricing Strategy, Revenue Management|

How do you Successfully Commercialize Artificial Intelligence Technology? AI in Healthcare Artificial Intelligence (AI) is revolutionizing numerous industries, including healthcare. In this dynamic sector, AI streamlines tasks, enhances operational efficiency, and elevates patient care. Particularly notable is AI’s role in diagnostics, where it enables more accurate assessment and better patient outcomes. Moreover, AI integration [...]

Cost Spikes, Inflation, and Supply Shortages remain as the top economic challenge in 2022

2024-01-10T14:42:41-05:00Categories: Inflation Pricing, Pricing Analytics, Pricing and Selling, Pricing in Pharmaceuticals, Pricing in Retail, Pricing Management, Pricing Optimization, Pricing Research, Pricing Strategy, Pricing Value, Recession Pricing|

Last year we asked the question Can You Protect Your Business and Clients from Cost Shocks? While we may have all hoped that the surge in the cost of raw materials and Pandemic-related disruptions would dissipate, the truth is that we're now in a significant period of inflation with most companies needing to increase [...]

Developing a Competitive Database to Support Pricing Strategy Implementation

2021-02-22T09:58:19-05:00Categories: Pricing in Pharmaceuticals, Pricing Optimization, Pricing Research, Pricing Value, Professional Associations|

Our client is the largest independent, non-profit standards organization focused on ensuring the global quality and safety of drugs, medicines, and supplements. They collected competitive data through a manual, ad hoc process – which was labor-intensive and inefficient. Our client teamed up with Pricing Solutions to improve its competitive intelligence capabilities through automating the [...]

How to Price Innovative New Products

2020-04-13T16:01:24-04:00Categories: Pricing in Pharmaceuticals, Pricing Management, Pricing Tools|Tags: , , , , |

Pricing a new product is one of the most complex marketing decisions to be made. Therefore, discussions on a product pricing model should start long before you plan to enter the market, while pricing strategy should be an integral part of product development cycle.

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