Friday, July 6, 2018

THE WEARER KNOWS WHERE THE SHOE PINCHES


THE WEARER KNOWS WHERE THE SHOE PINCHES

(A short narrative poem on the despondent pharma employee's work life)

In search of a job
He turned the door knob
During the interview
They liked his view
Selected to work
He joined as a young Turk

Contributions he made
His outputs did not fade
All new concepts
With daring he accepts
And executes with aplomb
To the liking of all along

Alas, his work did not protect his role
Diluted now, his role has taken the toll
Others get more pay and benefits
They ride on my work and are less fit
Such a fate does never happen to a contributor
Yet it is my fate, to bear this, for I am a family ‘pater’!

I pray to the Almighty
To give deliverance from this - blithely
For justice done to me shall favour the master
Quality work is central to the matter
The wearer has a pinching shoe with no hope
Only the Lord above has to give strength to cope

 - Sunil S Chiplunkar (6.7.18)

This poem is dedicated to all those who can be in the shoes of the above person, and to the many many family breadwinner employees, I know who are silently coping  the goings-on in their pharma life, for the sake of their family.  

Tuesday, May 15, 2018

REPURCHASE



Repurchase is one of the strong points for success of above brand from AIMIL, this Ayurvedic company has a very vibrant e-commerce website too: https://www.bgr-34.life/
Digital marketing is playing a major role in engineering repurchases!

Another very interesting concept product is SATVAM HERBAL DRINK, as such, it is a herbal water product.  Their interesting website is here: http://hardikherbals.com/about/
Satvam Herbal Water too has a bounty of repurchase potential, adding to its success!!

The word REPURCHASE OR REPEAT SALES is significant for enduring pharma marketing success.  When there are repeat prescriptions, or when patients embrace repeat purchase of products, or when there are autopurchases of products (direct purchasing by patients or users), the significance of word REPEAT, becomes apparent to marketers for experiencing ongoing marketing success.

Ayurvedic products, nutraceuticals and cosmetics thrive on repeat purchases by end consumers.  For example, BGR 34 as featured above.  Another classic example of auto-purchased or repurchased product is: Becosules Z, which is a significant auto-purchase item (entire Becosules range is Rs. 232.20 crores MAT value, April 2018, AIOCD AWACS report).  After a prescription is generated for BECOSULES Z, the patient becomes conscious of the choice he can make for being with the brand long-term, as the importance of vitamins and minerals for wellness is now a well-known matter.  Hence, Becosules Z is an enduring pharma success brand.  This logic applies to Ayurvedic medicines too.  Known to support disease management and wellness, autopurchase repeat buying of Ayurvedic brands such as Liv 52 has enabled such brands to become big guns in branded markets.  ORSL (now with J and J), a wellness healthcare product, too has had its tryst with success thanks to auto-purchase by patients, from pharmacies.

REPURCHASE IS REQUIRED FOR BRAND BUILDING AND SUCCESS

The word repeat is most vital for pharmaceutical successes.  Repeat doctor calls, repeat detailing of target brands by MRs, repeat purchases by channel members (stockists, sub-stockists, dispensing doctors, nursing home/hospital pharmacies and all other retailers), and repeat buying by end consumers - these are required for sustained pharma success. Products and brands aimed for repeat purchase, including management of lifestyle diseases and chronic diseases (diabetes mellitus, thyroid disease, liver disease (fatty liver & hepatitis etc), osteoporosis, osteoarthritis, cardiac diseases like hypertension and other types of chronic skin diseases) - always enjoy higher sales in the pharma firmament due to repeat purchases (some products are for life-long, as in case of antidiabetics).

Hence, two key classes of products emerge for sustained pharma success:

a)      Repeat-purchase prescription products due to chronic or longer term prescriptions
b)  Auto-purchase of products by patients for self-management of health (these may be prescription-only products, OTC products or OTX products…). 

In the former repeat-purchase prescription products class, prominent examples are antidiabetics, antihypertensives, derma products, and antiosteoporosis medications. 

In the latter auto-purchase class, we have Ayurvedic products, toothpastes and oral care range products, nutritional items (brands such as B Protin) or products called nutraceuticals, and simple allopathic brands such as Crocin, and other pain killers, multi-vitamins etc.

Among these two classes, the auto-purchase class requires increased marketing communication directed towards end-users, and relatively decreased messaging to doctors. 

To generate repeat prescriptions for antiepileptic brands, antihypertensives, antidiabetics, various injectables including pen insulin preparations etc., in repeat-purchase prescription products class, more marketing activities towards doctors, rather than end consumers - is required.

This is the FUNDAMENTAL STRATEGIC DIFFERENCE between the two classes of products - they both rely on repurchase by patients for sustaining or boosting sales.  In the prescription based products, repeat-purchase ensures sustained sales for the company, and in the case of products that do not depend much on prescriptions, the auto-purchase happens due to purchaser or user’s decision to buy the product.

Thus, there are two patterns of repurchase by end consumers

a)     Repeat-purchase of mainly prescription products: this refers to the repeated purchase of products due to the advice of doctor (eg., antidiabetics).
b)      Auto-purchase refers to the repeated purchase of products, which may not be due to advice of doctor (it could be due to influence of advertisements or virally forwarded messages or word-of-mouth advice from well-wishers or due to inferences from the purchaser’s information gathering behavior).

From the marketer’s toolbox:

-          How to use the right stratagem?

There are three main marketing plays for pharmaceutical products/healthcare goods:

a)      Rx market
b)      OTC market
c)      OTX market

Marketing success starts after understanding which marketing play matters most for the product.  If it is an injectable or specialised drug delivery system (like a suppository) or an important disease management product like antidiabetic or antiepileptic etc, the product is sure to be a pure Rx play.

Simple pain-killers, cough mixtures and other nutritionals can fall into the OTC market.

The large and interesting market is the OTX market, where marketing activities are directed to influencers like doctors and also at the end-consumer.  Nutritionals and nutraceuticals, Ayurvedic products and non-complex formulations come in this fort.  OTX is a combination of OTC (over-the-counter) and X (from Rx or prescription only).

Some products may start from Rx and move onto OTX marketing play.

Definition of repeat purchase:

The buying of a product by a consumer of the same brand name previously bought on another occasion. 

Repeat purchase or repurchase is a measure of brand loyalty.  If a doctor prescribes a brand repeatedly, or a patient/user buys a product repeatedly either on recommendation by a doctor or auto-purchase through other influences, it is a repeat purchase behavior that boosts sales.

Today’s pharma market requires many a strategy, including focusing on ensuring repurchases: repeat-purchase or auto-purchase. 

Spray and pray: is a strategy to promote brands to many prospect doctors, and pray for conversion to sales!  This strategy in today’s context, where time and resources are stretched to the last, just will not work! 

Hence, in certain geographies and for certain product types, marketing communication and product promotion activities should be more oriented towards stimulating and reinforcing repeat-purchase of prescription products or auto-purchase of products. 

THE BEST FORM OF SALES SUCCESS COMES WHEN THE PRODUCT OBTAINS sales that are from: REPEAT!  REPEAT!!

Limerick: 
Repurchase

Sales success is not easy
Dosen’t come if you are only breezy
Strategists ought to focus on repurchase
It is, to get a confident face
‘Repeat-purchase’ and ‘auto-purchase’ saves the day – avoids being cheesy!



Quotable quote:

Make a customer, not a sale: Katherine Barchetti

Thanks for reading this blogpost, please scroll down, read all other posts (click on older posts as and when required) & kindly recommend this blog to your acquaintances.

Monday, January 1, 2018

2018: the year of Old-age companion robot (OCR)

Happy New Year 2018, dear reader!!

I was at ASICON 2017, Jaipur (25.12.17 to 30.12.17), an All India General Surgeons' Conference, for official booth activity and, while conversing with a doctor about laparoscopic surgery and its steady growth in India, I asked him: "What next?"  He replied: "Robotics in surgery!"

Robotics, and AI shall have a deep impact on surgery and healthcare delivery.  In fact, there is a big market for the 'Old-age companion robot' (or OCR)...by the way - this is my abbreviation and concept.

Robotics for elderly is a technology subject that is already on the move:

Above image from here: click!

However, the positioning ought to be about companionship through robots rather than care-giving for the elderly.  Companionship is a broader term, which can include care-giving.

Across India and the world, nuclear families are putting the elderly in a tight spot.  Even fit elders face the challenge of loneliness.  Earlier, in the joint family system, elders played the role of patrons of family life for their children and grandchildren.  Today, there is a different scene: living together for grown up children and their parents may not be practical...for instance, the younger ones travel and live away for occupational reason,s or may want to be separate due to change in generational values. 

This is where robotics can provide the supportive and companionship role (including care-giving).  So what can a robot do?

a) To begin with, in the morning: the OCR (Old-age companion robot) can wake up the elderly person at a predefined time and remind him of the work or activity as entered by the elderly person himself or his doctor for the morning.  For instance, the OCR (Old-age companion robot) can provide the wake-up alarm input at 7.00 am and wish him well for the day... perhaps the pre-recorded voice of his/her daughter can be used for the same, and remind him or her to do 20 minutes of kapala bharati pranayama exercise.

b) The OCR (Old-age companion robot) can simultaneously play the elderly person's favourite compatible music from its robotic body while the gent or lady is doing the exercise and pranayama regime.

c) The OCR (Old-age companion robot) may also be able to check the blood sugar reading through a pin prick from a particular slot...and provide the electronic reading.  Similarly, by placing the finger tips the blood pressure and heart rate could also be measured.

d) Sensors in the OCR (Old-age companion robot) should be developed so that a watchful eye is on the elderly person's gait, and breathing...if there are any abnormalities, the OCR (Old-age companion robot) can send an emergency ring/message to the nearest healthcare provider and relative.

e) Taking medicines and food on time, is complicated by inertia, weakness, slight depression and forgetfulness of the elderly person.  The OCR (Old-age companion robot) should be programmed to provide the reminder input for the same and confirm it to the caregiver or relative through auto sms.

f) The OCR (Old-age companion robot) should be enabled to provide mobile telephony.  This way the elderly person should only request the OCR (Old-age companion robot) to ring up the relative or children, thereby enabling easy communication.

g) The OCR (Old-age companion robot) ought to also do small jobs such as bringing a glass of water!

h) The mobile OCR (Old-age companion robot) would be very useful if it could be a multimedia device, providing access to internet, having a small screen for viewing TV or internet telephony and generally helping in accessing the world and communicating.

i) Jokes, humour, small puzzles and stories (including news stories) provide uplifting interactive moments for the elderly, an OCR (Old-age companion robot) giving this fare will surely make the robot very relevant to the person.

Elderly life among couples is further complicated due to irritability, inability to help one another due to personal health issues, and the presence of bad or reduced communication between the two.  Thus, the OCR (Old-age companion robot) becomes handy for the elderly couple to meet their needs without getting into daily quarrels.

Care-giving robots is a higher concept; it is more interactive, clinical oriented and supportive.  But the need is for firstly, the OCR (Old-age companion robot) concept, which helps make the elderly person's life easier, it need not be care-giving, the OCR should smartly be making the life of the elderly smoother and happier, filling the mental void and providing a moving smiling presence in the elderly individual's life.

I hope robot manufacturers understand this need in the elderly segment, and declared 2018 as the year of OCR (Old-age companion robot) for elderly.  Affordable models of such robots will surely be gifted by the children to their elders.  This smart robot machine can make the life of elderly happier and easier, while soothing the sensitive hearts of their children.

Endquote:

"To care for those who once cared for us is one of the highest honors" - Tia Walker

Kindly read all other blogposts here, and do recommend this blog to your acquaintances!

Sunday, November 19, 2017

Training continuum

'Tell me and I forget, teach me and I may remember, involve me and I learn'
- Benjamin Franklin

Among all the organizational activities, training is a crucial intellectual on-going process that helps to align organizational members to the vision and mission of a firm, this is in terms of the employee's KNOWLEDGE, SKILLS AND ATTITUDE.

Knowledge is gathered through experience, listening, discussing and reading.  Knowledge is vital as it forms the basis of skills.  For example, knowledge of a product's talking points is the foundation, however, it's application through extempore detailing in a prospect's clinic, and highlighting only the relevant points, is the skill of a 'detailman'.  Application of knowledge in tactical activities for producing the relevant outcome is a person's skill set.

Attitude is 'response behaviour'.  The pharmaceutical and healthcare product market is full of opportunity and challenges, verily, the market is the workplace of a field person, which is aided by the resources provided by his employers.  The attitude of an MR (Medical Representative), determines his involvement in field activity.  This involvement is not only due to his/her behavioural disposition, it is also due to the company's resources, image, MIS system (Management Information System ie., reporting system), and strategy (direction of application of the resources and use of time), AND, finally, VERY MUCH DUE TO the TRAINING system of the company.  Hence, to get productive attitude (response behaviour) of a field marketing person, three main factors are influential:

a) Resources (such as samples, literature, videos and other collaterals, including the complimentaries)
b) Strategy (direction of application of resources and use of time; the planning or blue-print based on which the field person works; and other strategic aspects such as the reporting system etc)
c) Training (system that empowers the field person with internal resources, including knowledge and skill sets for producing required behavioural work outcomes)

The training approach can be broken down into clearly defined steps as shown in above graphic entitled: training continuum.

The training elements present in the training continuum are:

a) Confidence: which is the absence of fear.  This can be a major a stumbling block for the employee or person in his quest to provide his best productive behaviour.  The fears could be: inability to strike conversation with strangers, hesitation to make an enthusiastic sales pitch, or a wave of panic when setting out to meet the high and mighty (example rich, authoritarian and qualified doctors) or other 'gremlins'.  Hence, the company training program should be so designed that it anticipates such fears and helps remove them, to create confidence or fearlessness in the trainee.  Absence of fear energizes the field person.

b) Motivation:  After addressing the fears of a MR or field person, through discussions and training modules, it is vital to give motivation, provide external inputs that he or she is on the right path, aligned with his company and  personal career goals.  This helps him generate enthusiasm since his life-occupational goals are synchronous with that of his employers, and there is all round progress in his life.

c) Guidance: After providing impetus to his morale, one should come to the brasstacks: provide specific guidance on various things that need to be done to gain the knowledge and skills, as per job requirement.

d) Material support: Many activities require suitable collaterals, adequately designed spaces and other paraphernalia (infrastructure).  This ensure training outcomes are delivered.

e) Modelling: is a crucial training exercise.  It is one thing to say how a pitch is to be delivered, and it is another thing to actually demonstrate in-clinic activity, in-stall activity and in-pharmacy activity.  Modelling provides a template for the MR or trainee to execute job activities in his style.  Many a trainer fails to provide sufficient modelling inputs and this can become the training program's Achilles heel.

f) Practice sessions: are the cake of any training session.  After gaining confidence of the trainee, motivating him, giving guidance, ensuring material support and infrastructure, and showing how the job work is to be done... the actual intense sessions start with simulation/practice sessions.  This ensures discipline, skill build-up and supreme confidence.  After all, it is in playing with the football that makes aspirants great players.

g) Evaluation: is the process of transparently measuring progress of a trainee on mutually known parameters.  Evaluation provides the basis for knowing 'where we are' and 'where we should go'...it creates seriousness and ensures the trainee adapts to training schedules vigorously.

h) Feedback: is a strategic input provided by the trainer to the trainee, this has to be done objectively and the intent is to make the trainee feel comfortable with his progress report.  It is not to humiliate or demotivate.  Feedback also strengthens the sense of purpose in a trainee.

Philosophical closing remarks:

Training programs are crucial events in a trainee's life.  If the seriousness, sense of purpose and utility value are high, the training/learning sessions can be life-transformational events.  Training program experiences have a life-long bearing on the trainee, and the trainee always titrates to his training learnings in future time.  For a trainer it may be a routine or mundane activity of his professional life, but for a trainee, the impact is often humongous, provided the training experience is nonpareil.

In life we are subconsciously or consciously working ceaselessly for strengthening:

a) Self-identity: our occupation, material acquisitions, academic qualifications, knowledge level, skill sets, relationships (including marital and with relatives/family members) and other socio-materialistic procurements are meaningless if they do not in some way or the other add to our self-identity.  We value most of those things that strengthen our self-esteem and self-identity.

Imagine the hardwork, risk, concentration and 'joyful pains' the Haryanvi medical student Ms. Manushi Chhillar has undergone to obtain the Ms. World 2017 title in Sanya, China.  This drive of Ms. Chhillar is probably related to her youthful need to obtain maximum self-identity.  It is human to feel great when one's identity is reinforced.


Above foto from here (please click)

b) Self-realization: is about going beyond self-identity and working for self-realization (God realization).  It is about understanding the importance of non-materialistic non-Earthly pursuits of life.  Self -realization refers to the spiritual basis of one's life.  One is empty if there are no spiritual activities and goals.


The foundational feeling is absence of fear (ie., confidence) for pursuing goals related to self-identity and self-realization.  Presence of fear retards or halts progress in above two dimensions of the life continuum.  Hence, in the book: SONG OF THE DIVINE (Bhagavad Gita), the guide Lord Krishna reiterates that the first trait of an ideal man is ABSENCE OF FEAR.  So be confident, but do not throw caution to the winds, in your goals of life!

I wish each reader of this blog ALL THE BEST in his journey of self-identity and self-realization goals.

Thanks for reading this blogpost, kindly go through all other blogposts, and please recommend this blogpost to your colleagues.

Saturday, October 14, 2017

PV era begins?!

PV (or pharmacovigilance) era is stuttering to a start and is looking to stay forever in India.  As per WHO, PV (pharmacovigilance or drug safety) is 'the science and activities relating to the detection, assessment, understanding and prevention (DAUP) of adverse effects or any other drug-related problem'.

The above interesting image from here.

So here is my viral post on whatsapp:

IMPORTANT PHARMA NUGGET REGARDING PHARMACOVIGILANCE (drug safety) in India (13.10.17, Sunil S Chiplunkar)

Union Health Ministry has issued pharmacovigilance (PV) guidelines to be implemented by MARKETING AUTHORISATION HOLDERS (MAHs).  

The guidelines are issued in 
Oct 2017 and Govt of India has given 6 months time for its implementation by the MAHs.

Govt of India has released the PV guidelines in form of a pdf document for Marketing Authorisation Holders (MAHs) (Manufacturer and/or importer of drug) of Pharmaceutical Products of India:

The guidelines are issued in Oct 2017 and Govt of India has given 6 months time for its implementation by the MAHs.

Govt of India has released the PV guidelines in form of a pdf document for Marketing Authorisation Holders (MAHs) (Manufacturer and/or importer of drug)  of Pharmaceutical Products in India.

ipc.nic.in/writereaddata/mainlinkFile/File740.pdf

This is also called Draft Version 1.0

MAHs should now have a  pharmacovigilance cell or department to fulfil the legal tasks related to: 

- ADRs (Adverse Drug Reactions) reporting,
- PSUR (Periodic Safety Update Report) updates
- ICSR (Individual Case Study Report) timelines and checklist
- PBRER (Periodic Benefit Risk Evaluation Report)
- PADER (Periodic Adverse Drug Experience Report)
- AE (Adverse Event) reporting
- Product Quality Complaints Management
- Medical Inquiries Management
- Signal Detection for Risk-Benefit Evaluation
- Risk Management Programmes (RMPs)
- Literature Monitoring for ADR case reports
-Training employees for ADR reporting
- Global compliance monitoring, audits and inspections
- Post marketing surveillance.

The pharma company is expected to meet the PV legal requirements thru' complete in-house department or have arrangement with PV specialist CROs (CRO = Contract Research Organization) or mix of two with clear demarcations in responsibilities.

Each pharma company shall have a PvMF (Pharmacovigilance Master File) located in India, which shall document the PV system for all the marketed products.

Now as per Schedule Y of the Drugs and Cosmetics Act, 1945 each pharma company ie., MAH shall appoint a trained PvOI (Pharmacovigilance Officer-In-Charge) who will be responsible for collection and processing of AEs/ADRs following administration of drugs...the PvOI shall be a medical officer or pharmacist trained in collection and analysis of ADR reports.

Currently scope of PV system as per the pdf document are for:

a) New drugs, subsequent drugs approved after 4 years
b) Biologics
c) Radiopharmaceuticals
d) Phytopharmaceutical products

(Veterinary products and Medical Devices are excluded).

PV structure should be clearly defined...the departmental responsibilities and CRO responsibilities should be clearly demarcated in case of PV CRO arrangement.

The pdf also gives details on PV activity required  for pediatric and geriatric usage of products.

PV concept is now a legal requirement and the  UCPMP (Uniform Code of Pharmaceutical Marketing Practices) is also on the anvil of becoming a law...both these will have a mega impact on pharma marketing activities (PCD or propaganda and distribution companies and small pharma marketers/manufacturers will feel the impact significantly).

NEVER A DULL DAY IN PHARMA FIELD!!  Please scroll down to read all other posts, and kindly do recommend this blog to your colleagues.

Sunday, June 25, 2017

WORK AND EUPHORIA

Show up, work hard, be kind and take the high road!
– George Meyer (American producer and writer)


Euphoria!

It is the need for euphoria that is driving many dedicated people to work!  Euphoria is a heady feeling of enjoyment.  For pharmaceutical marketers, field-work is euphoria.  Doctors too work for long intense hours in surgical and clinical practice, it is euphoria for them!  Euphoria of course cannot run without the material rewards!!

Trending in euphoria!

The constant flux of events, the reality of MR-brand-company clutter, the need for differentiation, hunt for breakthrough disruptive practices, and newer market dynamics (like the current GST challenge), create work opportunity and more euphoria moments.

Essences of pharma business

There are several things happening in companies at various departments, and all company activities, actually, are geared towards increasing consumption of the value offerings…this is the core of all business goals in a firm.  To increase sales, pharma companies work on messaging and relationship management.

Nevertheless, for a company to be a market-stable and a potently expanding force, three essences are there:

a)      Rack stock management
b)      Collection
c)      Product messaging and promotion

Rack stocks refers to the inventory of a company’s product(s), in units, which are present in the central warehouse, C and Fs or regional hubs/depots, at distributor (stockist spots) places, and shelves of the retailer or dispensing doctor.  Those companies that have real-time or periodic robust data of rack stocks at the above points will naturally undertake various programs to ensure healthy rack stocking (at all the above points) through either liquidation programs or returning of stocks.

If a MR is monitoring the stockist rack stock continuously, he will ensure to focus on liquidation programs for specific SKUs or will ensure indenting of relevant SKUs from C and Fs to the stockist points. 

Similarly, such a rack stock monitoring at chemist shelves and dispensing doctor level is vital for ensuring consumption specific activities.

In fact, Pfizer has a mobile app for their MRs, and they get the stock level at stockist (wholeseller) level through this method.  This helps Pfizer MRs launch marketing programs, liquidation of goods and optimal inventory level.

Collection refers to the money flow from market to company coffers.  Timely and sizeable collections on a daily basis is the dream of every company management.

Product messaging and promotion is the vital essence of marketing to ensure demand creation.  The main approach for product messaging and promotion, in pharma marketing continues to be the MR’s focus on doctors and chemists (pharmacies) … however; patient-centric communication and activities are also roped in to ensure demand creation.  Digital and other non-MR approaches for product messaging and promotion play a complementary and supportive role.

If any company manages above three essentials, surely it will be in the pink of health!  This requires new dimensions of thought and activity, for rack stock management and fund transfer to company treasury; along with this the core activity of product messaging and promotion.


Thanks for reading this blogpost, please do read all others by scrolling down and clicking on older posts…do recommend this blog to your acquaintances.

Wednesday, May 10, 2017

TIME FOR LOGO BASED MARKETING

The logo defined

A logo (or logotype) is a design or symbol used by an organization to identify its products, programs, corporate identity and so on.  The graphical mark called logo helps identify a company, product, brand, or organization.  A logo may be a wordmark or shape or combination…it is used to help impress target audiences, create a memory hook, build trust, strengthen brand registration and recall, provoke purchase-pull, and adds to the intangible assets of a company.  A logo is part of the overall branding process and the brand itself.

A logo is responsible for recognition and trust building, when appropriately used in marketing communication.  TV channels have standardized logos to help viewers locate and stay on with the broadcast content.  Logos of TV channels build up a reputation for standing up to certain values and offerings.  Egs.,: the logo of MTV stands for English music and is youth-centric nature.  CNN stands for accurate and stylish newscast.  Recognition through logos makes a customer or prospect comfortable with the offered product or service.

Logo marketing for differentiation

Logos can go a long way in creating differentiation, trust and market-pull.  The best logo example is the green dot for vegetarian food packs and red dot for non-vegetarian food packs.  This has helped customers make their choice.  Similarly, ISI is a special mark indicating the acceptable and approved quality of a product.  The logo concept builds identity, trust, and reputation, and has helped in consumption of products.

The marketing of products with logos that stand for a certain assurance of quality or function helps in strengthening customer choice towards the marketed brand.  A logo is a graphical representation of a brand promise.  The successful marketing of a product is boosted by a recognized and trust-inspiring logo.

A new market segment and a new logo based system of marketing

Pharma companies have to make the inevitable choice to offer lower priced branded generics (these can be through umbrella branding or individual product branding), given the push for such products by Governmental policy makers.  There is sufficient evidence that an ecosystem for ‘lower priced branded generics or unbranded generics’ is being encouraged by the Govt. of India.  Hence, it is essential to wise up to this new market trend.  To enable brands, in this new market segment, gain recognition and trust at patient level, uniform brand colours, fonts and brand presentation needs to be done.  Along with this, the development of a logo will go a long way to sustain repeat purchases by customers and attract prospects towards the promoted branded or unbranded generic range of a company.

If the government is serious on building a “low cost generic (branded or unbranded) market” it can also launch a logo similar to ISI and encourage pharmaceutical suppliers to use this logo on their products to enhance patient/customer trust

IT IS LOGO TIME!

The logo concept does to this new generic pharma market segment, what the MTV logo does to their TV channel.  NEW MARKET CHANNEL … NEW LOGO!!

Tidbits:

One interesting logo concept used by Bangalore based Group Pharmaceuticals:


The above is a logo for assurance of quality and reinforces brand identity of the dental range from this company. 

The following are interesting newspaper article foto posts on the raging generic medicines issue, a logo concept will certainly help differentiate low cost branded or unbranded generic medicine offerings by various companies (including Jan Aushadhi) for ensuring quality, trust, purchase-pull, and building reputation.






The first one is from Deccan Herald, page no. 11, second and third ones are from Business Standard, 4.5.17, page no. 12

Thanks for reading this logo concept in pharma channel; please scroll down to read more articles and click on older posts for reading other posts.