The founders of Galt have years of executive leadership in the pharmaceutical, managed care and health outcomes industry. Their years of experience has led them to develop the concept of a unique pharmaceutical company that leverages understanding of therapeutic market opportunities in relation to clinical evidence based guidelines, niche channel distribution and insurance reimbursement. Their vision is to disrupt the pharmaceutical industry model by personalizing the distribution of pharmaceuticals through relationships in the medical community built upon medical evidence and education resulting in the right medication reaching the right patient at the right time.
Pharmaceutical Industry Disruption:
As the pharmaceutical industry continues to evolve, one thing remains constant in that prescribers of medication still need to be educated on features and benefits of pharmaceutical products through sales promotion and education. Although the method of sales promotions continues to advance towards digital and other electronic channels, the human relationship with a sales representative is still essential. With the cost of pharmaceutical sales reps and expense account management becoming impractical in an era where margins for pharmaceuticals are eroding, a new model of personalized sales is needed. Galt has built a unique and efficient sales model that addresses today’s competitive environment that emphasizes self-motivation, creativity and hard work based on a clinical and ethical foundation that ultimately keeps the individual patient therapeutic needs at the forefront.
Galt is the first and only pharmaceutical company which operates a national sales platform based upon the spirit of entrepreneurialism through Phranchising (Pharmaceutical Franchising). Over 300 sales territories have been created across the United States and each Phranchise sales territory owner has incentive to leverage existing and new relationships within the medical/pharmacy community to drive sales that benefit their own business. Owners also have incentive to manage expenses and employ efficiency in their sales operations. Sales professionals, pharmacists or other healthcare professionals have the opportunity to become entrepreneurs and contribute to unmet patient needs by building their own pharmaceutical company business.
Galt was founded with the premise of contributing to patient therapeutic needs by acquiring older proven yet viable pharmaceutical products which still address unmet needs in the current healthcare environment. The company applies superior pharmaceutical, managed care, clinical and marketing expertise to acquire, license and develop niche pharmaceutical products for distribution through a unique industry disrupting sales model. Galt currently owns FDA approved assets in the insomnia and pain markets, with products offering clinical advantages compared to currently promoted products in their respective therapeutic classes.
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