Skip to main content

Queries on starting Pharma Marketing company

Query: Sir, we are 4 friends willing to start a Pharma marketing company . We initially planned a budget of total 4 Lakh. We chosen 5 tablet items and 3 IV products which run on regular basis.  Following of the queries I wanted to share- 1) Is 4 Lakh budget is sufficient for initiating this project?(8 items). 2) How do we introduce general IV products into Private hospitals and nursing homes? 3) How long it will take a time to run this business smoothly and grow? Response: 1) Is 4 Lakh budget is sufficient for initiating this project?(8 items). Best way to know about this is that, you can take rates of your proposed products from manufacturers and calculate your costing. You would have better idea about your budget then. 2) How do we introduce general IV products into Pvt hospitals and nursing homes? We hope you have experience and knowledge in those molecules. You just conduct a market survey about prices at what these products are sold in market and you can sell those at what rates t

How to open a pharmacy?

Pharmaceutical sector is a regulated sector and regulated under drug and cosmetic act & rules. Pharmacy is related to pharmaceutical retail business and for starting pharmacy business, you will require to take Retail drug license.

Most of times, we misunderstood the pharmacy term and we consider a pharmacy as a drug store and chemist shop. But there is difference between chemist shop and Pharmacy. Licensing requirements and documents also differ to some extent in both. But most of times they are used as a synonyms for each other. 

Pharmacy is the pharmaceutical retail business that employs the services of a registered Pharmacist and maintains the compounding of medicines along with dispensing of pre-packed formulations against prescription of registered medical practitioner.

The term Pharmacy shall be held to mean to include every store or shop or other place:
  1. Where drugs are dispensed, that is, measured or weighed or made up and supplied ; or
  2. Where prescriptions are compounded; or
  3. Where drugs are prepared; or
  4. Which has upon it or displayed within it, or affixed to or used in connection with it, a sign bearing the word or words Pharmacy, Pharmacist, Dispensing Chemist or Pharmaceutical Chemist‖; or
  5. Which, by sign, symbol or indication within or upon it gives the impression that the operations mentioned at (1), (2) and (3) are carried out in the premises; or
  6. Which is advertised in terms referred to in (4) above.
Concept of pharmacy is faded away with time due to easy availability of ready made and pre-packed medicines. But still in some special cases, compounded medicines are required. For fulfillment of these requirements, pharmacy is required.

Most of Pharmacies are also involve in dispensing of pre-packed medicines only. For very rare cases, compounding is necessary. So, Healthcare professionals also avoid this practice and believe in only prescribing pre-packed medicines. That’s why Chemist shop concept is much more popular in India as compare to setting-up Pharmacy.

Licensing and Requirements:

Check Documents required for Retail Drug License here


Along with requirement necessary for chemist shop, A Pharmacy shall be provided with the following minimum apparatus and books necessary for making of official preparations and prescriptions:

Apparatus:

  • Balance, dispensing, sensitivity 30 mg.
  • Balance, counter, capacity 3 Kgm., sensitivity 1 gm.
  • Beakers, lipped, assorted sizes.
  • Bottles, prescription, ungraduated assorted sizes.
  • Corks assorted sizes and tapers.
  • Cork, extracter.
  • Evaporating dishes, porcelain. Filter paper.
  • Funnels, glass.
  • Litmas paper, blue and red.
  • Measure glasses cylindrical 10 ml, 25 ml, 100 ml and 500 ml.
  • Mortars and pestles, glass.
  • Mortars and pestles, wedgwood.
  • Ointment pots with bakelite or suitable caps.
  • Ointment slab, porcelain
  • Pipette graduated, 2 ml, 5 ml and 10 ml.
  • Ring, stand (retort) iron, complete with rings.
  • Rubber stamps and pad
  • Scissors
  • Spatulas, rubber or vulcanite Spatulas, stainless steel.
  • Spirit lamp
  • Glass stirring rods. Thermometer, 0oC to 200oC.
  • Tripod stand
  • Watch glasses. 
  • Water bath
  • Water distillation still in case Eye drops and Eye lotions are prepared.
  • Weights, Metric, 1 mg. to 100 gm.
  • Wire Gauze.
  • Pill finisher, boxwood
  • Pill Machine.
  • Pill Boxes.
  • Suppository mould.

Books:

  • The Indian Pharmacopoeia (Current Edition).
  • National Formulary of Indian (Current Edition).
  • The Drugs and Cosmetics Act, 1940.
  • The Drugs and Cosmetics Rules, 1945.
  • The Pharmacy Act, 1948.
  • The Dangerous Drugs Act, 1930.


Related:  

Comments

Register your business at

Find pharmaceutical, cosmetics, nutraceutical, ayurveda and alternative medicine's distributors, franchise, suppliers query for free.

If you want to take distribution, franchise or associates with any pharmaceutical, cosmetic or ayush company then you can find it here...

Popular posts from this blog

What are the Schedules under Drug and Cosmetic Act, 1940 & Rules 1945?

Schedules are the set of provisions for classifications of drugs, forms, fees, standards, requirements and regulations related to drugs and cosmetics under Drug and Cosmetic Act, 1940 and Rules, 1945. Here drugs includes pharmaceutical, Ayurvedic (including siddha), unani and tibb system of medicines, homeopathy etc. Schedules are divided alphabetically and named also alphabetically like Schedule A, Schedule B etc till Schedule Y. Schedule Z is proposed  but not implemented yet. Schedules are important part of Drug and Cosmetic Act 1940 & Rules, 1945 . Every schedule contains specific information as discussed below. Schedule A:  Schedule A  describes application forms and licenses types. Schedule B:  Schedule B  describes Fees for test or analysis by the Central Drugs Laboratories or State Drugs Laboratories Schedule B1: Schedule B1 describes fees for the test or analysis by the pharmacopoeial laboratory for indian medicine (plim) or the government analyst Schedule C: 

State Pharmacy Council, Its Constitution and Composition and Functions

State Pharmacy Council: State Pharmacy Council is constituted as per the Pharmacy Act, 1948 & State Pharmacy Rules, 1951. State Pharmacy Council is an authoritative council to regulate Pharmacy Act, 1948 & State Pharmacy Rules, 1951. State Pharmacy Council means a State Council of Pharmacy constituted under section 19, and includes a Joint State Council of Pharmacy constituted in accordance with an agreement under section 20 under the Pharmacy Act, 1948 & State Pharmacy Rules, 1951. State Pharmacy Council work under Pharmacy council of india . The State Pharmacy Council consists of the following: (i) Six members, elected from amongst themselves by registered pharmacists (ii) Five members, of whom three are persons possessing a prescribed degree or diploma in pharmacy or pharmaceutical chemistry or registered pharmacist, nominated by State Government (iii) One member, elected from amongst themselves by the members o

Schedule T: Good manufacturing practices for ayurvedic, siddha and unani medicines

Schedules:  Schedule A ,  Schedule B ,  Schedule C ,  Schedule D ,  Schedule E1 ,  Schedule F ,  Schedule G ,  Schedule H ,  Schedule H1 , Schedule I,  Schedule J ,  Schedule K ,  Schedule L1 ,  Schedule M ,  Schedule M1 ,  Schedule M2 ,  Schedule M3 ,  Schedule N ,  Schedule O ,  Schedule P ,  Schedule Q ,  Schedule R ,  Schedule S ,  Schedule T ,  Schedule U ,  Schedule V , Schedule W,  Schedule X ,  Schedule Y Schedule T (Rule 157): Schedule T describes the good manufacturing practices for ayurvedic, siddha and unani medicines The Good Manufacturing Practices (GMP) are prescribed as follows in Part I and Part II to ensure that: Raw materials used in the manufacture of drugs are authentic, of prescribed quality and are free from contamination. The manufacturing process is as has been prescribed to maintain the standards. Adequate quality control measures are adopted. The manufactured drug which is released for sale is of acceptable quality. To achieve the objectives