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  • Digg It - Overview of Pharmaceutical Sales Jobs

    Prescription Drugs

    Pharmaceutical sales jobs can be divided into a few different sectors. The most important sector will be prescription drugs where most of the action will be. This is by far where the majority of pharmaceutical sales reps work in with the
    According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product
    main target customer base being physicians. Depending on the type of drugs promoted, sales forces target family physicians and/or specialist doctors as their main customers.

    Some giant pharmaceutical companies like Glaxo and Merck have large numbers of promoted pro
    ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

    Examples of combination products may in
    ducts requiring several sales force divisions within each firm. There can be separate divisions promoting completely different products to the same or different customer groups. Sometimes different divisions can have the same products but they have different grou
    lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

    ps of target customers to focus on. Each pharmaceutical rep might be promoting an average of three different main drugs with a few secondary products as well.

    New drugs usually only have a certain number of years before their patents run out. Drugs that have been
    here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
    successful in the market will likely attract generic competitors in time. Therefore, sales forces will usually spend most of their efforts on newer drugs hoping to generate as much sales as possible before patent protections run out. Once cheaper generic versions s
    d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

    Combination pro
    how up in the market, sales forces usually switch their focuses to other newer drugs that still have patent protection. It is usually too difficult to compete against low cost generic products so brand name companies tend to promote only those products that have no
    ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc
    generic competition.

    There are also smaller companies that focus on niche specialty drugs. The sales forces for these companies will probably focus more on specific medical specialties as target customers rather than on general practice doctors. Remember that the
    easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi
    umber of family physicians outnumber any single medical specialty group by far so large companies which promote to general practice doctors will require large sales forces. In contrast, companies that promote only to specific medical niches can get away with much sm
    nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
    aller sales forces due to the smaller number of target customers. An example would be a cancer or oncology drug which will usually never be prescribed by a family physician anyway. Sales positions in these specialty companies tend to be a bit more difficult to get
    and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ
    for candidates who are new to the industry as experienced pharmaceutical representatives are usually preferred. Selling to specialists is often regarded as an advanced level of pharmaceutical sales more suited to those who have been in the industry for awhile. Howe
    ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
    ver, there have been exceptions, especially with dermatology companies promoting skin products.

    Over-the-Counter Products

    Many companies have over-the-counter (OTC) products such as cough and cold medications which are non-prescription drugs which represent
    ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

    Following aspects would a
    another main sector. Larger companies who have both prescription and OTC products may have separate sales forces for each sector. Some companies may be strictly OTC focused. In general, sales positions for OTC lines may be a bit easier to get compared to prescript
    dd to the challenges in developing combination products:

    Which markets to tap where the combination products can do fairly well?
    Which combination prod
    ion sales for new candidates. This is because in most cases, OTC products are less technical than prescription drugs and are considered to be a lower level of pharmaceutical selling.

    Sales forces selling just OTC products will likely be calling on only family physi
    cts are meaningful and rational?
    Which therapeutic categories to select?
    Which Combinations can address unmet needs of the patients?
    Do combin
    cians rather than specialists as target customers. There may be more calls to retail pharmacists too since these health professionals are often consulted by patients in regards to product selections (for example, customers asking a pharmacist to recommend a brand of
    tions increase the patient compliance?
    What would be the developing cost?
    How to tackle the risks encountered during combination product developmen
    cough syrup).

    In all likelihood, the salaries for OTC sales reps will be lower than for their prescription drug rep counterparts since in general OTC products cost less than prescription drugs. There have been cases where new pharmaceutical representatives got thei
    t?

    As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
    r start in OTC sales and then moved on to prescription sales after a few years of experience in the industry. So OTC sales would be an option for new candidates as a possible industry entry point.

    Generic Drug Products

    The generic drug companies represent a
    ping new procedures for reviewing their safety, efficacy and quality.

    Professional from academic institutions, pharmaceutical industries, health care indust
    nother kettle of fish altogether. Since they usually market product equivalents to brand name drugs that are already successful and well known, sales forces with generic companies generally do not call on physicians at all. Instead, they would concentrate on pharma
    y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
    cies, both retail and hospital based. Pricing alone is usually the main selling factor. This sector is therefore a very different type of pharmaceutical sales job and is actually quite unrelated in regards to the type of work that pharmaceutical sales reps from bra
    .

    As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
    nd name companies do.

    In fact, some brand name or ethical companies as they are sometimes referred to, feel so much animosity towards generics that work experience with generic firms may actually end up being a negative point in a candidate’s resume. So if your goa
    elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

    Companies that provide selfless information through particip
    l is still in the direction of the brand name pharmaceutical companies where physicians are the main target customers, you would be well advised to stay clear of the generic companies unless you are willing to spend your entire pharmaceutical sales career in generics


    tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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