PRICING RESEARCH (Case #8)

Organisation LARGE AUSTRALIAN PHARMACEUTICAL COMPANY
Type of Study Australian pricing and impact research
The problem or opportunity To model the impact of Government changes to prescribing requirements and alternative pricing approaches on market share
Approach Qualitative & quantitative research techniques:
  • Qualitative face to face depth interviews (preliminary study)
  • Conjoint analysis to model changes and outcomes (main study)
Result Modeling showed worth doing. Gained nearly 70% of initiations within 6 months. Displaced market leading brand. Well over doubled turnover and profit targets within 12 months.
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