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Parallel Trade, let’s talk details
23 March 2022
Parallel Trade, let’s talk details

Workshop Overview: This workshop will discuss all of the main topics within parallel trade, looking back to understand the future. There will be highlights on the history of parallel imports and how this works with the UK. The workshop will also highlight parallel trade and Brexit, discussing where we are now and what strategies are currently being used, do they give parallel traders and advantage and how will Brexit effect parallel trade in the long term. The workshop will highlight the challenges and successes of the industry and will also allow for open discussion on the future of this industry.

Workshop agenda

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8:30

Registration and Coffee

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9:00

Opening Remarks and Introductions

Tushar Patel, Technical Director, Key Pharmaceuticals Ltd

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9:10

Look back at Parallel Trade to understand the future

Tushar Patel, Technical Director, Key Pharmaceuticals Ltd

  • History of parallel imports.
  • What are parallel imports – some live examples to demonstrate the
  • complexities
  • How do PI work in the UK? What is a PI licence, manufacturing and processing and distribution of PI at wholesale, retail, and customer/patient level?
  • An introduction to the advantages and disadvantages of parallel trade
  • Understanding what has changed for Parallel trade over the past 12 months
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    9:50

    Parallel Trade and Brexit, where are we now?

    Tushar Patel, Technical Director, Key Pharmaceuticals Ltd

  • Discussion on the changes that have happened due to Brexit over the past year
  • What strategies are currently being used?
  • Are these strategies of advantage to parallel traders?
  • Understanding what Brexit means for the long-term moving forward
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    10:30

    Morning Coffee

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    11:00

    Where are the limitations, if any, and what are they?

    Tushar Patel, Technical Director, Key Pharmaceuticals Ltd

    Current trading models and their successes
    The opportunities that are currently possible within the parallel trade industry
    Understanding the challenges within Parallel trade for -

  • A parallel import licences
  • wholesalers
  • NHS
  • Community pharmacy
  • Patients
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    11:40

    A future outlook and open discussion

    Tushar Patel, Technical Director, Key Pharmaceuticals Ltd

    An interactive question and answer session

  • What is the future of Parallel Trade?
  • Has Brexit changed the role of Parallel Traders within wholesaling
  • Will things continue to change, how can we be prepared?
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    12:20

    Closing Remarks

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    12:30

    End of Workshop

    Copthorne Tara Hotel

    Scarsdale Place
    Kensington
    London W8 5SR
    United Kingdom

    Copthorne Tara Hotel

    The Copthorne Tara Hotel London Kensington is an elegant contemporary four-star hotel in prestigious Kensington, located just a two minutes walk from High Street Kensington underground station, making exploring easy. The hotel offers well-appointed and comfortable guest rooms combining Standard, Superior and Club accommodation. Club rooms offer iconic views over the city and include Club Lounge access for complimentary breakfast and refreshments. Guests can sample the authentic Singaporean, Malaysian and Chinese cuisine at Bugis Street, traditional pub fare at the Brasserie Restaurant & Bar or relax with a delicious drink at West8 Cocktail Lounge & Bar.

    The Copthorne Tara Hotel boasts 745 square meters of flexible meeting space, consisting of the Shannon Suite and the Liffey Suite, ideal for hosting conferences, weddings and social events. Facilities include access to the business centre 24 hours a day, fully equipped fitness room, gift shop, theatre desk and Bureau de Change. With ample onsite parking outside the London congestion charge zone and excellent transport links via Heathrow Airport, the hotel is the perfect location for business or leisure stays. The hotel is within close proximity to the shops of High Street Kensington, Knightsbridge and Westfield London, Olympia Conference Centre, Royal Albert Hall, Kensington Palace and Hyde Park.

     

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    WHAT IS CPD?

    CPD stands for Continuing Professional Development’. It is essentially a philosophy, which maintains that in order to be effective, learning should be organised and structured. The most common definition is:

    ‘A commitment to structured skills and knowledge enhancement for Personal or Professional competence’

    CPD is a common requirement of individual membership with professional bodies and Institutes. Increasingly, employers also expect their staff to undertake regular CPD activities.

    Undertaken over a period of time, CPD ensures that educational qualifications do not become obsolete, and allows for best practice and professional standards to be upheld.

    CPD can be undertaken through a variety of learning activities including instructor led training courses, seminars and conferences, e:learning modules or structured reading.

    CPD AND PROFESSIONAL INSTITUTES

    There are approximately 470 institutes in the UK across all industry sectors, with a collective membership of circa 4 million professionals, and they all expect their members to undertake CPD.

    For some institutes undertaking CPD is mandatory e.g. accountancy and law, and linked to a licence to practice, for others it’s obligatory. By ensuring that their members undertake CPD, the professional bodies seek to ensure that professional standards, legislative awareness and ethical practices are maintained.

    CPD Schemes often run over the period of a year and the institutes generally provide online tools for their members to record and reflect on their CPD activities.

    TYPICAL CPD SCHEMES AND RECORDING OF CPD (CPD points and hours)

    Professional bodies and Institutes CPD schemes are either structured as ‘Input’ or ‘Output’ based.

    ‘Input’ based schemes list a precise number of CPD hours that individuals must achieve within a given time period. These schemes can also use different ‘currencies’ such as points, merits, units or credits, where an individual must accumulate the number required. These currencies are usually based on time i.e. 1 CPD point = 1 hour of learning.

    ‘Output’ based schemes are learner centred. They require individuals to set learning goals that align to professional competencies, or personal development objectives. These schemes also list different ways to achieve the learning goals e.g. training courses, seminars or e:learning, which enables an individual to complete their CPD through their preferred mode of learning.

    The majority of Input and Output based schemes actively encourage individuals to seek appropriate CPD activities independently.

    As a formal provider of CPD certified activities, SAE Media Group can provide an indication of the learning benefit gained and the typical completion. However, it is ultimately the responsibility of the delegate to evaluate their learning, and record it correctly in line with their professional body’s or employers requirements.

    GLOBAL CPD

    Increasingly, international and emerging markets are ‘professionalising’ their workforces and looking to the UK to benchmark educational standards. The undertaking of CPD is now increasingly expected of any individual employed within today’s global marketplace.

    CPD Certificates

    We can provide a certificate for all our accredited events. To request a CPD certificate for a conference , workshop, master classes you have attended please email events@saemediagroup.com

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