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Alliance Life Sciences Empowers International Reference Pricing for Pharmaceutical Manufacturers Worldwide with PRICENTRICTM – Global Pricing Data and Advanced Analytics

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Joelle Caputa; jcaputa@cpronline.com
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Alliance Life Sciences Empowers International Reference Pricing for Pharmaceutical Manufacturers Worldwide with PRICENTRICTM – Global Pricing Data and Advanced Analytics

Competitive pricing data offering is number one in country coverage

 

SOMERSET, N.J. – April 4, 2013Alliance Life Sciences Consulting Group (ALSCG), an innovative management and technology consultancy, announces its competitive pricing data offering, PRICENTRICTM, designed for the international pharmaceutical marketplace. With the release of its White Paper: “Global Pricing Data and Advanced Analytics for Better Decisions and Competitor Edge,” ALSCG empowers pharmaceutical manufacturers to proactively optimize international reference pricing for global product launches, with the new pricing model covering more markets than any previously available resource.

“Today’s pricing decisions cannot be based upon instinct or informal methods due to the high level of risk incurred through inaccurate practices,” says Preeti Patel, vice president, Pricing Data. “Now, the pharmaceutical industry can take advantage of the tools, data and analytics that other market sectors have used for basing pricing decisions. Competitor price intelligence is crucial in optimizing prices and staying ahead of the competition.”

Best practice shows that better data and analytical models improve decision-making and lead to better business outcomes. This means life sciences organizations can stay competitive in the market, and ultimately one step ahead of their direct competitors.

Patel adds, “Competitors do not evolve in isolation—they are responding to the relevant companies in the industry. Knowing how the launch of a direct competitor affects the price of a product across as many markets as possible is essential, with data helping manufacturers to visualize what is happening in the world and shape competitor actions.”

About ALSCG                                                                                                                              

Formed in 2001 and headquartered in Somerset, N.J., Alliance Life Sciences Consulting Group helps our customers maximize revenue and pricing in an outcomes-based world. We employ hundreds of professionals around the globe who help firms receive full value by solving problems in Contracting, Pricing, Reimbursement, and Commercial Operations. We enable this mission in a healthcare world where the true focus is on the patient’s health and well-being, the ultimate bottom line for everyone. Alliance works with 8 of the top-10 pharmaceutical manufacturers, as well as mid-market and other life sciences companies. Contact: 866-581-4850 www.alscg.com

 

 

 

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