• Adrian Simpson, United States says, "If you are looking for a fair deal on medical supplies, IDM is something I would seriously recommend. Am hooked for life."
  • Craig, United States says, "Seemed easy to purchase, reasonable prices. Good customer service when I used it."
  • Brian Pavey, United States says, "IDM makes online shopping a pleasure. Shopping is so simple that you just breeze through it."
  • Harry Mason, United States says, "I have to admit am a bit of a lazy bloke when it comes to ordering online .And IDM pampers me to the hit as it's so simple to order."
  • John Hanks, United States says, "I was a sceptic until my first order. After, I received my first package, I turned believer. Now, it’s been 3 years since I have been ordering from IDM."
  • Natalie Wallace, United States says, "I was apprehensive about how my doubts would be addressed but what the heck,I went ahead and placed my order. Customer service was patient and helped me out."
  • Mark Penning, United States says, "Happy I got my package just in time for my vacation. Needless to say, it made my holiday a wonderfully satisfying experience."
  • Ask our pharmacist, if you have any questions related to your medications
    Click to find International Shipping charges at our pharmacy.
    Shop & Earn @ InternationalDrugMart
    Easy and secure shopping @ InternationalDrugMart.com.
    Get your instant Coupon now!
    You can find the latest happening of our pharmacy
    Follow us on Twitter

      Outsourcing in Pharma Marketing Gains Ground

      Posted AtBusiness Standard

      It is the first pitch the country is making in outsourcing pharmaceutical marketing solutions for global giants.

      The Bangalore-based PharmaARC Analytic Solutions, a new start-up in the pharma marketing consultancy, has signed up two major contracts worth $4.5 million from multinational companies based in the US to provide strategic advisory services in the area of pharmaceutical marketing outside India.

      The projects assigned to PharmaARC by two leading global companies is part of a trend setting approach in the global pharmaceutical industry to outsource marketing startegies from cheaper but capable locations replacing in-house strategic team.

      This is yet another outsourcing avenue being opened for the Indian professional organisations in pharmaceutical services in addition to basic research and clinical trails, said a pharma analyst.

      The Mumbai-based Interlink Marketing Consultancy, which is a leading name in pharma marketing advisory services with over 15 major domestic companies in their clientele list, has also been approached by few global companies to outsource part of their marketing related work.

      R B Smartha, managing director, Interlink said now more and more players will start exploring this opportunity as well in the emerging new world order in the pharma sector.

      The former IMS- Lanka head S Bala Subrahmanyan, who is planning to set up the an market advisory firm in India, is also quite buoyant about his existing multinational clients.

      Currently, we have three of our global clients who already have mooted this idea of shifting their back-end operations in the area of marketing strategy to low-cost but efficient locations like India, he added.

      Though the names of multinational companies are confidential under the agreement, Siraj Dhanani, chief executive officer, PharmaARC, said both these companies are in the top 20 list of the world pharmaceutical industry with an annual turnover of over $10 billion.

      At present, outsourcing contracts are signed for three years and both these projects are concerned to the clients local market requirements and not India. The total value of the outsourcing business would cross $1.5 million per annum, he said.

      Dhanani said, With this cost, the companies could achieve about 50 per cent cost reduction by replacing in-house marketing strategy team and approximately 35 to 40 per cent savings compared to consultancy service costs in the US.

      The consultancy service under this project includes business intelligence and analysis exploring the competitive intelligence, market assessment and performance measurement.

      The other sets of solutions under the three year contract are sales force effectiveness consulting, forecasting services, market research analytics, which include sale force optimisation, customer targeting, segmentation, revenue forecast models and asset valuation.

      The third part of the project pertains to epidemiology and pricing services comprises of statistical modeling, data analysis, secondary research, size of market and total cost of treatment analysis, Dhanani added.

      September 13, 2005


      Share this Article!

    Back to top^