This specialization focuses on marketing issues in the pharmaceutical industry. Marketing of both patent protected and generic drugs & management of generic competition including market analysis, market planning, new product launches and commercialization of pharmaceutical products shall be studied.
The interface between R&D, marketing & sales, product & brand management, pricing, distribution, retailing and promotional issues within the pharmaceutical industry will be covered. Relationship of product management with other functions like sales and marketing, pre-marketing awareness, launch planning, budget setting and allocation of resources for promotions will be examined. Regulatory issues including labeling, advertising claims will be studied. The impact of the health care environment within which marketing takes place will also be covered. It also focuses on the marketing research process and steps involved in a marketing research study. While the primary emphasis will be on the Indian pharmaceutical industry, attention will also be paid to the Global Pharma Industry.
This specialization will use an Industry Specific Consulting Project Model, with opportunity to launch a product in market. Through the specialization in Pharma Product Management the student will be prepared to be highly creative in designing, advertising and promotional tools. The student will analyze customer wants & needs and propose & develop solutions, manage the process of bringing a new, multi million dollar product to the marketplace. |