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 25 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
Our
Formulist software enables simple drug lookups by product name or multiple identification types, including National Drug Codes (NDCs) so you can examine current pricing and price history. You can print or export spreadsheet reports and set up custom fields to assign a price type to a drug that data providers don't typically capture (such as percent value above or below the average wholesale price). And you can readily build subsets to keep an eye on a specific market segment or drug type.
Essential Building Blocks
In short, by drawing on the following components, First DataBank sets the standard for providing user-centric drug information for drug manufacturers.
NDDF Plus is the leader in supplying comprehensive coverage of descriptive, pricing and clinical information on drugs. It encompasses medications approved by the FDA, plus commonly used over-the-counter drugs and information on herbals, nutraceuticals, dietary supplements, and medical devices.
Comprehensive and up-to-date are the key concepts here, since drug content is dynamic and notoriously complex to maintain. It's essential, therefore, that the drug database behind drug manufacturers' applications be the most reliable in the industry. NDDF Plus is that database. It also offers you the most efficient ways of navigating to exactly the information you need for the task at hand, allowing for more informed decision-making.
MAPs are the flexible, user-centric drug identifiers that enable all users to zero in on First DataBank drug information quickly and efficiently within their normal workflow. MAPs incorporate our proprietary Enhanced Therapeutic Classification (ETC) system and First DataBank Medical Lexicon (FML). ETC allows you to quickly find products within therapeutic classes and to revise clinical information at as general or specific a level as necessary. FML is a specialized medical vocabulary relating drug products to various diagnoses and health-related concepts in our disease decision-support and dosing modules.
Formulist software provides unprecedented pricing analysis and product comparison capabilities through a user-friendly interface that draws on the over 100,000 drug and health products in NDDF Plus, as well as the power of our
ETC system. Compatible with virtually all industry IT standards, Formulist takes advantage of the latest software advances.