For drug manufacturers, managing their product lines involves a series of strategic decisions about everything from pricing and the timing of product introductions to resource allocation and marketing initiatives. In an industry as competitive and volatile as pharmaceuticals, those decisions can't be made effectively without hard information about competitors' products.
Successful product management, therefore, relies on a comprehensive and up-to-date drug database, one that is organized to deliver reliable decision support to a wide range of users. That's why so many drug manufacturers trust First DataBank. For over 30 years, our pioneering National Drug Data File Plus (NDDF Plus) has been the most respected and widely used drug data base in the healthcare industry.
Competitive Positioning
To remain competitive, drug manufacturers constantly monitor and analyze changes in the drug marketplace. In real time, you need to be able to identify and track your competitors' products, product features and pricing, and compare them to your own. To assist you, First DataBank incorporates multiple logical and robust therapeutic classification systems, as well as a drug vocabulary that's both wide and deep. This eases your ability to do competitive comparisons by therapeutic class, price, and manufacturer at both general and specific levels. In addition, the granularity of our data speeds and simplifies extremely focused product searches, right down to package-level details.
Pricing Analysis
First DataBank also offers the simplest way to automate the complex and time-consuming process of pricing analysis in a world where drug prices are remarkably fluid.
Our databases and pricing analysis tools help you save significant costs through:
- Ready access to comprehensive, up-to-date drug information
- The ability to analyze that information quickly and efficiently
- The ability to easily export that information in easy-to-read report formats
AnalySource® Online, a Web-based, analytical software tool from First DataBank business partner DMD America, leverages the
National Drug Data File (NDDF) Plus in ways that allow healthcare industry analysts to make critical drug pricing-related decisions. Drug pricing analysis and formulary management can be extremely complicated and time consuming, but with AnalySource Online’s simplified user access and intuitive navigation, you now have a quick and easy way to perform these tasks. Extremely powerful, yet simple to use, AnalySource Online allows you to compare drug prices with competing brands, forecast drug price changes based on trends, analyze how drug pricing affects prescribing volume or identify opportunities for developing generic products. By applying highly customizable filter and query capabilities, graphics functionality, exporting tools and email notifications, users can obtain data in formats that meet their business objectives.