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Pharmaceutical Sales Executive

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Pharmaceutical Sales-Medical Representative

Let’s break down the pharmaceutical industry and delve into the specifics of a medical representative (MR) role.

I. Introduction to the Pharmaceutical Industry:

The pharmaceutical industry, also known as the pharma industry, is a crucial sector responsible for the research, development, production, and marketing of medications used to treat and prevent diseases and alleviate symptoms. It’s a multi-billion dollar global enterprise deeply interwoven with healthcare systems.

Key Aspects of the Pharmaceutical Industry:

  • Research & Development (R&D): This is the heart of the industry. R&D involves discovering new drug candidates, preclinical testing (in vitro and in vivo), clinical trials (Phases I, II, and III), and the development of new formulations and drug delivery systems. It’s a lengthy, expensive, and risky process, with a high attrition rate.

  • Manufacturing: Pharmaceutical companies manufacture drugs at scale under strict quality control and regulatory guidelines. This involves processes like synthesis, fermentation, purification, formulation, and packaging. Good Manufacturing Practices (GMP) are critical.

  • Regulatory Affairs: This function ensures that all aspects of a drug’s development, manufacturing, and marketing comply with regulations set by government agencies like the FDA (in the USA), EMA (in Europe), and other national authorities. Registration, licensing, and ongoing pharmacovigilance (monitoring drug safety) are crucial aspects.

  • Marketing & Sales: Once a drug is approved, the marketing and sales team work to educate healthcare professionals about its benefits and secure market share. This includes activities like market research, advertising, public relations, medical information, and, critically, the work of Medical Representatives.

  • Pharmacovigilance: Monitoring the safety of drugs post-market release is critical. Companies are obligated to track and report any adverse events (side effects) related to their medications.

  • Supply Chain: Pharmaceutical companies have complex global supply chains to manage the sourcing of raw materials, manufacturing, distribution, and delivery of drugs to patients.

  • Key Players: The industry comprises large multinational corporations (“Big Pharma”), generic drug manufacturers, biotechnology companies, and smaller specialized pharmaceutical firms.

II. Medical Representative (MR): Job and Responsibilities

A Medical Representative (also often referred to as a Pharmaceutical Sales Representative or a Drug Detailer) is a key link between a pharmaceutical company and healthcare professionals (HCPs). They are the company’s ambassadors and educators in the field.

A. Job Purpose/Mission:

The MR’s primary objective is to increase awareness, acceptance, and utilization of the pharmaceutical products they represent within their assigned territory. They achieve this by providing accurate and persuasive information about the product’s benefits, safety, efficacy, and proper usage.

B. Core Responsibilities:

  • Territory Management: Developing and executing a strategic territory plan to achieve sales targets and market share goals. This involves identifying key physicians, pharmacies, hospitals, and other relevant stakeholders.

  • HCP Engagement:

    • Detailing/Product Presentations: Conducting one-on-one or group presentations (“detailing”) to physicians and other HCPs, delivering accurate and scientifically sound information about the promoted products. Using visual aids, clinical data, and other supporting materials.

    • Relationship Building: Establishing and maintaining strong, ethical, and professional relationships with HCPs based on trust and mutual respect.

    • Needs Identification: Understanding the needs of HCPs and their patients and matching product benefits to those needs.

    • Handling Objections: Addressing any concerns or objections raised by HCPs regarding the promoted products.

    • Providing Samples: Providing free drug samples (where permitted by regulations) to allow physicians to evaluate the products.

  • Market Intelligence: Gathering and reporting market information, including competitor activities, prescribing patterns, and trends in the healthcare landscape.

  • Event Management: Organizing and participating in scientific meetings, conferences, and other events to promote the company’s products and build relationships with HCPs.

  • Reporting and Documentation: Maintaining accurate records of calls, activities, and sales data using CRM (Customer Relationship Management) systems.

  • Knowledge Updates: Continuously updating their knowledge of products, therapeutic areas, clinical data, and competitor information. Staying informed about industry trends and regulatory changes.

  • Compliance: Adhering to all ethical guidelines, codes of conduct, and regulatory requirements related to pharmaceutical marketing and sales. Including promotional material approvals and adverse event reporting.

Why Is The Pharmaceutical Industry So Highly Regulated?
Pre Requisite
Skills and Qualifications:

Education: A Bachelor's degree in science (e.g., Biology, Chemistry, Pharmacy, Nursing, or related field) is usually required. A background in pharmaceuticals, medicine or health sciences is extremely advantageous.

Product Knowledge: A deep and up-to-date understanding of the products they are promoting.

Communication Skills: Excellent verbal and written communication skills, including presentation skills.

Interpersonal Skills: Strong ability to build rapport, establish trust, and maintain relationships with HCPs.

Sales Skills: Persuasion, negotiation, and closing skills are important.

Analytical Skills: Ability to analyze sales data, identify trends, and develop territory plans.

Computer Skills: Proficiency in using CRM systems and other computer applications.

Organizational Skills: Effective time management and organizational skills to manage their territory and responsibilities efficiently.

Ethical Conduct: A strong commitment to ethical behavior and compliance with industry regulations.
Key Performance Indicators
Sales Target Achievement: Meeting or exceeding sales targets for the promoted products within their territory.

Market Share Growth: Increasing market share of the promoted products in their territory.

Call Coverage: Number of calls made on target physicians and HCPs.

Call Quality: Effectiveness of detailing and product presentations.

Relationship Management: Strength and quality of relationships with HCPs.

Product Knowledge: Measured through tests and assessments.

CRM Usage: Completeness and accuracy of data entered into the CRM system.

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Prerequisites
  • Pharmaceutical Sales Executive
    INR 45,000 INR 15,000
  • What is Prerequisite courses
    A prerequisite is a specific course that you must complete before you can take another course at the next grade level.
Course details
Duration 450 hours
Lectures 174
Video 9 hours
Level Advanced

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Working hours

Monday 9:30 am - 6.00 pm
Tuesday 9:30 am - 6.00 pm
Wednesday 9:30 am - 6.00 pm
Thursday 9:30 am - 6.00 pm
Friday 9:30 am - 5.00 pm
Saturday Closed
Sunday Closed
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