This is what you need to know about the difference between GMP, DMF, CEP & WC
The pharmaceutical industry has some bureaucratic sides to it, but it's for a good reason. In the end, most APIs and medicine are intended for taking care of patients. Keeping that in mind; manufacturers, distributors and the like are required to live up to certain high standards as set by, for example, international agreements, their local government, or other organizations. This article we will be handling the main types of certificates or documents as present in the pharmaceutical world.
10 most expensive drugs in the world
Research and clinical trials sometimes last for decades before the drug reaches its patients, and many substances simply don’t make it. Adverse and side effects or economic reasons can put an end to the whole research process overnight. When the number of patients affected by a condition is globally measured in thousands, or even only hundreds, the economic burden of research reflects on the treatment price- it reaches astronomical numbers. This article is a list of 10 most expensive treatments per patient in the world.Read more
How to adjust to Chinese business etiquettes
As the land of the Dragon opens up to the entire world, bringing new business opportunities for the pharmaceutical market. China is one of the largest producing countries of APIs with many GMP and FDA approved manufacturers. Its rich history (and with their own cultural and social norms) reflects on business culture as well. In this article, we will take a brief look at the Chinese business etiquette- a set of unwritten rules and believes you should follow to avoid being labeled as "the one who has no manners" before even getting a chance to get into the real business talk.
What are APIs (Active Pharmaceutical Ingredients)?
Medicines, no matter if it comes as a liquid, powder or in a solid form it's comprised of two main components: Active Pharmaceutical Ingredient (API) and Excipient.
Defining the API precisely is not an easy task- different interpretations sometimes arise complex legal issues. However, FDA and WHO rely on a virtually identical definition of APIs, essentially defining them as the part of drug responsible for therapeutic effects.
Excipients are the inactive ingredients which are used as fillers/binders/coatings of the medicine.Read more
Incoterms- the global language of business
"If I am selling to you, I speak your language. If I am buying, dann müssen Sie Deutsch sprechen."
Willy Brandt (1913-1992)- German statesman, awarded with Nobel Peace Price in 1971 for the effort on building what would become a modern EU.
Until not so long ago, the international business was about incredibly complex art of sweet talking, knowing international regulations, business language, body language, products, prices, competition, the entire industry, and political tendencies. Thanks to the International Chamber of Commerce (ICC), the business language is not part of the equation anymore. Namely, ICC started putting into practice uniform business language back in 1936, but the set of terms known as Incoterms kicked in hard with the growth of EU and globalization (in the last three decades). Today, everyone uses the same set of standard terms (at least those who took business seriously) which reduced the misunderstandings to a minimum. Some Incoterms are common in the pharmaceutical industry. In this article, we will talk about the most important ones. Read them carefully, they might save you a lot of trouble some day and buy you a lot of credibility.