Regardless of which category, regulatory and pricing challenges are always the major issues that each pharmaceutical company is faced with. Therefore, it is very important that Grand Pan-Well delivers professional and strategic assistance for our global partners.
The continual decrease in NHI reimbursement from 1995 has given the pharmaceutical industry a hard time despite later on the Drug Expenditure Target (DET) came into force in 2013, it still could not solve the drug pricing balance issue.
Looking into the possible crisis, business transformation to the self-payment market has been targeted since 10 years ago by GPW. However, the products entered to the self-payment market must be qualified with the basic requirements "High Quality", "Safety Evidence", and "Clinically-proven Efficacy". Of course, the products within NHI reimbursement range is also our target.
Medical Device (Class I, II &III)
Due to the regulatory differences between European Union or USA and Taiwan, registration of special medical devices from USA or EU is always a tough challenge. With our regulatory experience, we have made unprecedented registration on medical devices which are emulsion for wound-healing after radiotherapy well launched to big-scaled hospitals and ORAL emulsion for GERD will be coming soon.
Market for healthcare products is currently dominated by those from USA, Japan, Canada and Germany because of the pricing advantage but to avoid pricing competition, our focus is on products supported with clinical evidence, bio-equivalent studies, and unique techniques such as molecular activation or patent to create market differentiation.
Special Care Products
With familiarity of the market demand, we identify the need for some special care products which do not belong to pharmaceutical, healthcare or medical device category, such as intimate care products which are affirmed by gynecologists and obstetricians in Taiwan in 2015.
Choose Grand Pan-Well as your reliable partner
Grand Pan-Well always aims to have the products successfully launched in the hospitals and drugstores with our professional product knowledge and market analysis. Based on the regulatory experience, we have assisted all of our international partners to prepare the dossier for registration in clear instruction to save time and costs.
We also schedule product seminars to the distribution channels as part of our marketing strengths which can present the right action mechanism of the products as well as can establish professional brand image.