value-based pricing

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value-based pricing

A drug-pricing system to be introduced in the UK, which aims to price drugs according to the value they deliver to the patients. The system will only apply to the new branded (i.e., non-generic) drugs and will provide a series of maximum allowable prices based on the burden of the illness being treated, the social impact of the treatment, and whether the product is innovative enough to justify the cost.
References in periodicals archive ?
In a value based pricing model testing vendors need to demonstrate the costs savings of disease management with and without testing.
The acquisition reportedly strengthens ICON's expertise in value based pricing and market access.
eSSL's offering of value based pricing has been well appreciated by the customers and has become the cornerstone of its success in the biometrics market.
P&R controls will become more stringent globally with introduction of value based pricing
According to the report, Strategy Analytics claims that the wireless industry is evolving beyond a voice transport model into a packet data model with a value based pricing method of information, messaging and content.