Skip to main content

Best Ayurvedic Company in India

First step need to take For Starting a Pharmaceutical Company

Query: I am a veterinarian by profession. Have been going through your website from past 1 year and have planned now to give a start to my own pharma company. Please let me know what will be the first step I need to take.  Answer: First Step you need to prepare yourself for Pharmaceutical Company:  Preparation means Choose marketing type, Choose molecules want to launch, Location where you want to launch product, Choose Company, Products Name, Budget available...  Choose marketing type: As number of marketing and selling types present in pharmaceutical market. i.e. Branded Marketing , Generic Marketing , OTC Marketing, Franchise Marketing etc. You need to select any one from above.  Choose Molecule: Once you have selected which marketing type is best suitable for you then you need to select at which segment and molecules you want to work. Check out: How to choose products/service for business? Location: You can't launch your pharmaceutical company all over India or at broad area.

Branded Generics

Medicines are generally available in two forms; one is Branded Medicines and second is Generic Medicines.

Branded medicines are the medicines which are sold with a brand name by innovator pharmaceutical company who have exclusive rights for certain period of time i.e. Patent whereas generic medicines are the medicines which are manufactured by pharmaceutical companies who are not innovators of molecule and are allowed to manufacture a particular molecule after expiration of its patent.

When a generic pharmaceutical manufacturer manufactures a generic medicine by affixing a brand name to it, is known as Branded Generics. Branded generics are marketed with affixing a brand name in same way as of original brand.

The generic versions of a particular medicine must have bio equivalent and properties similar to the innovator’s brand and are interchangeable. Same in case of Branded generics, branded Generics must have equivalent properties and action similar to the innovator’s brand and are interchangeable

Branded generic concept is not available in USA and other few countries where only innovator is allowed to affix a brand for a particular molecule and other pharmaceutical manufacturers are allowed to market their products under generic names only after expiry of patent.

In countries like India, Branded generics are popular concept and majority of medicines available will be as branded generics. In these countries, number of brands could be available for a particular molecule. Hence every pharmaceutical company market their product under a particular brand name. These Branded generics can be viewed as a brand. There are several brands and several generic versions of same molecule are available in market.

A common example is that of paracetamol, a medicine for reducing fever. Paracetamol is a generic name and is available in India in several brands or proprietary names like Crocin, Calpol, Metacin, Pyregesic, Dolo, etc.

Some time these several brands available create problem for the consumer. A particular brand may not be available at all places. Sometimes, a brand name may lead to confusion too. For example, A Brand ‘XYZ’ is a brand name for clonazepam, anti-epileptic medicine. Other company affix ‘XYZ’ name of a low sodium salt recommended for hypertensive patients. This brings confusion both in the minds of patients as well as chemists and may lead to wrong dispensing.

So, Fixing name for generic version of medicines is not wrong but government should make restrict regulations while affix a name of pharmaceutical product.

Hope above information is helpful to you...
For any query and suggestion, mail us at pharmafranchiseehelp@gamil.com

Related Article:

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...

Send Your Query

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

Pharmacy Council of India, Its Constitution and Composition and Functions

Pharmacy Council of India: The Pharmacy Council of India is the statutory body of government of India also called as central council constituted under the Pharmacy Act, 1948. The Pharmacy Council of India consists of the following: (i) Six members, among whom at least one teacher of pharmaceutical chemistry, pharmacy. Pharmacology and pharmacology elected by the University Grants Commission. (ii) Six members, four of whom are persons possessing a degree or diploma in and practicing pharmacy or pharmaceutical chemistry, nominated by the Central Government. (iii) One member elected from amongst themselves by the members of the Medical Council of India. (iv) The Director General of Health Services or an authorized person by him. (v) The Drugs Controller of India or an authorized person by him (vi) The Director of Central Drugs Laboratory (vii) A representative of the University Grants Commission