Pricing Decision Support Tool

Pricing Decision Support Tool
For global pricing of pharmaceutical products

Today, biopharmaceutical companies face a marketplace where borders have become blurred and information from new and different sources moves faster than ever before. As a result, decisions must be made more rapidly than ever before. In order to react successfully to the dynamic global environment, companies must have the tools and processes in place that will allow them to process data from many sources into information that will enable them to make intelligent decisions.

Pricing Regulations

Reference Pricing

Market Forecasts

Competitors

Parallel Trade

Currency and Exchange Rates

Launch Sequence

Policy

IHS has built on its experience in conducting global pricing analyses to develop a Pricing Decision Support Tool (PDST). The PDST is a user-friendly electronic framework which allows you to quickly understand the implications of different pricing decisions and construct credible defensible arguments to support those decisions. PDST is customized to each client and provides several functions which allow you to compare various scenarios and answer what-if questions:

a consistent framework which encourages efficient interaction between business units and subsidiaries

the flexibility and agility to incorporate regulatory and competitive changes easily

"If the country subsidiary launches earlier they will increase their revenue, but how does that affect the rest of the corporation?"

the ability to conduct both proactive and reactive pricing analyses

an understanding of the costs and benefits associated with launch timing, parallel trade, and other factors
"What if the pricing authorities impose a 10% price cut? How will that affect our revenues in other countries?"

Dynamic
Marketplace
Data Information
to enable better
decision making

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