Skip to main content

How to grow your Pharma Business?

  Growing a pharma business requires a strategic approach considering the specific context of your company and the pharmaceutical industry as a whole. Here are some general pointers to get you started: Market and Customer: Identify your target customer: Deeply understand the specific needs and challenges of your target audience, whether it's doctors, patients, hospitals, or other healthcare providers. This helps tailor your products, services, and marketing efforts. Focus on unmet needs: Look for gaps in the market where existing solutions are inadequate or unavailable. Addressing unmet needs can give you a competitive edge and drive innovation. Track market trends: Stay updated on regulatory changes, technological advancements, and emerging diseases to adapt your approach and anticipate future opportunities. Products and Services: Invest in R&D: Develop innovative products or differentiate existing ones through unique formulations, delivery methods, or combinations. Remember ...
Post a Comment

How to start Medical Store in India?

Pharmaceutical sector is regulated under drug and cosmetic act & rules. Every activity i.e. manufacturing, distribution, retailing and dispensing is regulated under this act. Chemist shop is come under retail business in pharmaceutical sector.

Pharmaceutical retail business includes Drugs store, druggists, chemists and pharmacy. There are some minor differences between all these but we are not covering here. You can check difference between Drug Store, Druggist, Chemist and pharmacy here

Chemist/Druggist shops/ Medical Stores are the pharmacy retail stores who employ the services of registered pharmacist but don’t maintain a pharmacy for compounding of medicines against prescription of registered medical practitioner. Chemists and Druggists deals in pre packed medicines and dispense in actual form of packaging as received from manufacturer.

Requirements for Starting medical store:

Read about particular license and registration full detail by clicking at links.

Retail drug license is issued by District Drug control office. You need to apply for granting of drug retail license at District Drug control office which generally located at headquarter city of a district. First you should visit at drug office and confirm all requirements necessary for applying for drug retail license and then proceed further.

Success and failure of a chemist shop depends at many factors like:

  • Location of shop
  • Number of registered medical practitioner available in the locality
  • Number of hospitals available in that locality
  • Number of chemist shop already present
  • Patient’s potential and reaches at that locality
  • Your relationship with medical professionals
  • Credibility and fame of your medical store
  • Acquaintance in that locality etc.

Documents required for Drug Retail license:

  • Application in prescribed application form
  • Prescribed Fee
  • Appointment letter of pharmacist (In case either of proprietor/partner/directors are not pharmacist)
  • Registration certificate copy of pharmacist (State Pharmacy council Registration Certificate copy)
  • Affidavit of pharmacist
  • Qualification certificate copy of pharmacist i.e. D. Pharmacy/B. Pharmacy/Pharma D certificate copy
  • Date of birth proof of pharmacist
  • Address proof of pharmacist
  • Shop possession proof (Ownership proof or rent agreement which is applicable)
  • Refrigerator purchase bill copy
  • Partnership deep/MOA/Registration copy if any
  • Affidavit of proprietor/partners/directors
  • Address proof of proprietor/partners/directors
  • Blue print/layout plan of shop in three copies
  • Any other documents asked by drug authority

Step-wise procedure for starting Chemist Shop:

  • Search for shop at desired location which consider potential for pharmacy retail business
  • Conduct research and survey about prescription habits of RMP’s, buying habits of local people in case of OTC products etc
  • Make a list of all distributors and stockist present of required products
  • Finalize shop and complete legal formality i.e. rent agreement, shop registration (if any) etc
  • Appointment of a registered pharmacist (in case proprietor/partner/director is not a pharmacist)
  • Finishing and furnishing of shop as per pharmacy retail shop standard.
  • Purchase air conditioner and refrigerator
  • Prepare blueprint of shop
  • Complete all necessary documents and visit to nearby District drug control office
  • Apply for retail drug license number
  • If your file is accepted, then Drug Inspector or any concerned person will inspect your premises for authenticity of documents and shop, and whether it compile with drug and cosmetic act & rules standards or not.
  • If all specifications is fulfilled and Drug authority is satisfied. Your application will be processed and retail drug license number will be issued.
  • Now you can start dispensing of medicines and pharmaceutical products.


Hope above information is helpful to you...

For any query and suggestion, mail us at pharmafranchiseehelp@gmail.com

लेबल:

Comments

Post a Comment

Ayurvedic Medicine Company

Ayurvedic Medicine Company

Send Distribution/Franchise Query

Name

Email *

Message *

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 pharmaceutical, Ayurvedic (including siddha), unani and tibb system of medicines, homeopathy, blood and realted products etc under Drug and Cosmetic Act, 1940 and Rules, 1945. The schedule to the drugs and cosmetics act are Schedule A, B, C, D, E, F, G, H, I, J, K, L, M, N, O, P, Q, R, S, T, U, V, W, X, Y. Drug and cosmetic rules are divided into schedules alphabetically and named also alphabetically like Schedule A, Schedule B etc till Schedule Y. The schedules to the drugs and cosmetics act are important part. Every schedule contains specific information as discussed below. Schedule A:  Schedule A  describes application forms and licenses types. Download Schedule A Pdf Schedule B:  Schedule B  describes Fees for test or analysis by the Central Drugs Laboratories or State Drugs Laboratories. Download Schedule B Pdf Schedule B1: Sch...
2 comments
Read more

How to calculate Price to retailer (PTR) and Price to Stockist (PTS) from any given Maximum Retail Price (MRP)?

Download: PTR/PTS Calculator Download by clicking here You have fixed Maximum Retail price for your product. You have also fixed profit margin, you want to give to retailers, stockists and other distribution channel business partners. But you don’t have knowledge how you can calculate at what price you will bill to stockist and stockist will be to retailers. Then this article is going to be very useful for you...  In this article, we will calculate price to stockist (PTS) and Price to Retailers (PTR) with any given MRP and margin percentage. Also we will provide a PTR/PTS calculator along with how you can make your own PTR/PTS calculator in excel format and we will also provide link to download PTR/PTS calculator in excel. Check related article: profit margin in pharmaceutical industry (Manufacturer to retailers) Have a look at important definitions related to this topic: Distribution Channel: Distribution channel is a group of businesses involved in process of delivery a produ...
3 comments
Read more

Schedule F, F1, F2, F3, FF

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 F: Schedule F (Rule 78 and Part X) describes requirements related to Blood and Blood Components. We are describing general heading about schedule. This will give you Idea about schedule structure and matter. Part XIIB: Requirements for the functioning and operation of a blood bank and / or for preparation of blood components. I. This section describes details about Blood Bank and Blood Components General Accommodatio...
Post a Comment
Read more