Sat.Oct 29, 2022

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Factors that distinguish the pharmaceutical from the FMCG industry?

eMediWrite

The pharmaceutical sector is known for having a robust R&D and a sizable sales staff. However, over time, pharmaceutical businesses have encountered a number of difficulties, including high R&D costs, product patent expirations that coincide with price erosion, and the consolidation of pharmaceutical firms. Figure 1 : The following illustrates a schematic view of the distinctions between the FMCG and pharmaceutical industries.