Our preceptor, Dr. Pfeifer (Josh), led a discussion about international pharmaceutical markets. We compared healthcare systems, best practices, cash flow and licensing of pharmaceuticals, and forces of change affecting pharmaceuticals.
Our group with a few Essen healthcare economics & management students
From Duisburg-Essen University, we walked to Noweda, which is a German pharmaceutical wholesaler.
Noweda is a cooperative of ~8600 pharmacy owners that are members and shareholders of the company. The business is ranked 153rd in Germany.
Besides supplying and delivering pharmaceuticals to the pharmacy, Noweda assists with marketing and displaying products in the pharmacy. They also provide economic counseling and pricing, quality management, and political advocacy for pharmacists.
We received a tour of the Noweda facility, which spurred a lot of questions from our group.
After our visit to Noweda, we tried to go shopping but got off on the wrong stop, so just decided to head back to Velbert...missed a bus that was packed with people anyway...witnessed a "fire" at the train station (smoke and fumes come from a grate)...boarded a packed train to get back to Velbert, then bussed the rest of the way back to Velbert just in time for dinner from Ms. Biester at 7:00 pm.
Tonight was full of unpacking and packing and prepping for a weekend in Belgium!