Lead Pricing & Contracting
- Dr Reddys
- 7 - 12 years
- Hyderabad
- 10 months ago
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Job Description
Develop Robust Pricing Models:
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- Create and implement pricing strategies for new product launches.
- Continuously monitor and analyse market trends to adjust pricing models accordingly.
- Collaborate with cross-functional teams to ensure pricing strategies align with overall business objectives.
- Conduct competitive pricing analysis to maintain market competitiveness.
HEOR Models:
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- Develop health economics and outcomes research models to establish the economic value proposition to payors.
- Work closely with clinical and medical teams to gather relevant data for HEOR models.
- Present HEOR findings to internal stakeholders and external payors to support pricing and reimbursement strategies.
- Stay updated on the latest HEOR methodologies and best practices.
Patient Assistance Programs:
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- Design and implement patient assistance programs to enhance patient access and affordability.
- Develop innovative pricing solutions tailored to different patient segments.
- Collaborate with patient advocacy groups and healthcare providers to ensure program effectiveness.
- Monitor program performance and make necessary adjustments to improve patient outcomes.
Commercial Contracting:
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- Develop innovative commercial contracting and access agreements with key accounts and payors.
- Negotiate terms and conditions of contracts to ensure favorable outcomes for the company.
- Maintain strong relationships with key accounts and payors to facilitate ongoing collaboration.
- Ensure compliance with all regulatory requirements and company policies in contracting processes.
- Bachelor's degree in Business, Economics, Health Economics, or a related field. Advanced degree preferred.
- Minimum of 8-10 years of experience in pricing, contracting, or a related field within the pharmaceutical or healthcare industry.
- Strong analytical and quantitative skills with the ability to develop complex pricing models.
- Excellent communication and negotiation skills.
- Proven ability to work collaboratively with cross-functional teams and external stakeholders.
- Knowledge of market access, reimbursement, and health economics.
About the Department
Emerging Markets
Branded generics is one of our biggest businesses in Emerging market and our branded products are available 48 countries across 5 regions. Our key markets are Russia, China and Brazil. We also have presence in Latin America, Africa, Australia, New Zealand, ASEAN (Association of Southeast Asian Nations), CIS and Romania. We have added 13 new geographies in the last 5 years.
In the last 4 years, our emerging markets business growth rate has doubled (June 22). Our diverse portfolio spans all segments. We are continuously advancing technologies, enhancing efficiency of operations and increasing our portfolio of highest-quality quality products.
With nearly 40 products and 6 mega brands, Russia is a key market. With more than 30 years of operations in the region, as of FY22, we have reported a year-on-year growth of 32%. This was driven by improved existing business performance, launch of new products during the year along with divestment of some non-core brands. 6 key products were ranked among the top 200 bestselling formulation brands, as per IQVIA in its report for the 12-month period ended 31 March, 2022. 5 of our leading products were voted as the Product of the Year by the consumers reaffirming the trust that the people of Russia have in them.
We are among the earliest Indian pharma companies to have a business presence in China. We have a representative office that focuses on filings and approvals, including the Group Purchasing Organisation (GPO). Our joint venture entity (Kunshan Rotam Reddy Pharmaceutical Co. Ltd) offers a portfolio of niche and essential products, strengthening our presence in China.
In Latin America we have a strong presence in Brazil and Colombia. In just a little over five years in Brazil, our team has established itself in the region with our diverse portfolio. Our primary focus in Brazil is oncology and institutional. Our team in Colombia was certified as a Great Place to Work.
Through our comprehensive COVID-19 portfolio, we were able to reach over 5 million patients in low and middle-income countries. With the aim of reaching more and more patients around the world, we are harnessing our deep science capabilities to create a robust portfolio in the region to become the partner of choice.
Our teams in China, Brazil, Colombia and Thailand, Malaysia are a certified great place to work. Our team in Russia is among the top 3 in Head-hunters Best Employer Ranking in 2022. These recognitions reaffirm our commitment and efforts to bring science, technology and innovation together to offer affordable medicines and solutions beyond the pill to patients in the region.
As the need, scope and standards of healthcare evolve, we keep track of emerging needs to contribute to patient welfare. After all, Good Health Cant WaitBenefits Offered
At Dr. Reddys we actively help to catalyse your career growth and professional development through personalised learning programs.
The benefits you will enjoy at Dr. Reddys are on par with the best industry standards. They include, among other things and other essential equipment, joining & relocation support, family support (Maternity & Paternity benefits), learning and development opportunities, medical coverage for yourself and your family, life coverage for yourself.Our Work Culture
Ask any employee at Dr. Reddys why they come to work every day and theyll say, because Good Health Cant Wait. This is our credo as well as the guiding principle behind all our actions. We see healthcare solutions not only as scientific formulations, but as a means to help patients lead healthier lives, and were always attuned to the new and the next to empower people to stay fit. And to do this, we foster a culture of empathy and dynamism. People are at the core of our journey over the last few decades. They have been supported by an enabling environment that buoys individual ability while fostering teamwork and shared success. We believe that when people with diverse skills are bound together by a common purpose and value system, they can make magic.
For more details, please visit our career website at https://careers.drreddys.com/#!/
Job Classification
Industry: Pharmaceutical & Life SciencesFunctional Area / Department: Legal & Regulatory, Role Category: Legal & Regulatory - OtherRole: Private Attorney / LawyerEmployement Type: ContractContact Details:
Company: Dr ReddysLocation(s): Hyderabad
Keyskills: contract management commercial vetting analytical agreements contracts arbitration non litigation legal management drafting litigation contract drafting quantitative compliance negotiation legal commercial contracts pricing communication skills contracting
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