Description
Pharma franchise is a business model commonly used in the pharmaceutical industry. It involves a pharmaceutical company (the franchisor) granting rights to an individual or another company (the franchisee) to market and sell their products in a specific geographical area. There are different types of pharma franchises, including PCD, generic, and ethical pharma franchise.
Here’s the difference between PCD, Generic, And Ethical Pharma Franchise:
1). PCD Pharma Franchise (Propaganda Cum Distribution):
PCD stands for Propaganda Cum Distribution, and this type of franchise allows individuals or companies to market and distribute pharmaceutical products under their brand name.
PCD pharma franchise are often responsible for promoting and selling products within a specific geographical area or district.
PCD pharma franchise typically deal with a wide range of pharmaceutical products, including branded and generic medications, as well as various dosage forms like tablets, capsules, injections, etc.
2). Generic Pharma Franchise:
A generic pharma franchise involves the marketing and distribution of generic pharmaceutical products.
Generic medicines are identical or bioequivalent to brand-name drugs but are usually more affordable.
Franchise under this model often focus on selling generic drugs and offering cost-effective alternatives to brand-name medications.
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