Perceptions about Pharma Industry I – Blog Post #393 by Asrar Qureshi
Perceptions about Pharma Industry I – Blog Post #393 by Asrar Qureshi Dear Colleagues! This is Pharma Veterans Blog Post #393. Pharma Veterans welcomes sharing of knowledge and wisdom by Veterans for the benefit of Community at large. Pharma Veterans Blog is published by Asrar Qureshi on WordPress, the top blog site. Please email to asrar@asrarqureshi.com for publishing your contributions here. Pharma Industry of Pakistan is not among the largest industries of Pakistan, but it a reasonably big sized industry. It is also a popular industry because news, mostly negative, keep appearing about it on various media. I would like to take up some of the commonly held perceptions and examine these to separate myths from facts. Being a Pharma Veteran of 45 years, I do understand the industry mechanics well to comment. Pharma Industry is Highly Profitable – When we talk about profit, there are three stages of profit. There is a gross profit which is calculated by simply subtracting the Cost...