Generic Competition Studied to Determine Effects on Brand Drug
Industry | Pharmaceutical Manufacturer |
Problem | The client developed an injectable brand product and partnered with a leading manufacturer for marketing. Although they have several other products in their pipeline, this drug represented a substantial portion of corporate revenues and the manufacturer was concerned about the potential for generic competition. |
PHSI Solution | PHSI researched the generic approval process, generic erosion of comparable brand markets, barriers to generic competition, and strategies to mitigate generic competition. Research was developed from a variety of sources including national sales data. |
Results | The research presented strategies that a generic competitor might use to gain approval and enter the market. The information was used to direct the company’s future product development, budgeting, and revenues projections. |