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How to start Pharmaceutical Product's Packaging Material Business?

Query: I am interested to start a small pharmaceutical packaging company and I am looking for some information. I have found your email on google when I was reading your article on how to start a pharmaceutical packaging company. Can you provide me some guidance that how can I start a pharmaceutical packaging company and how much investment require for small scale.  Response: You can start a pharmaceutical packaging printing company by setting up machinery and equipment. Unlike pharmaceutical manufacturing plants, there is no requirement of taking drug related licenses for pharmaceutical packaging companies. You can set-up a packaging company just like any other un-regulated sector. Search for premises Take GST number Purchase machinery and equipment's Tie-up with pharmaceutical finished goods manufacturing unit Supply to them But for starting a packaging company, you need to have knowledge of some skills like basic knowledge of designing, printing process and requirements of pharm

Generic medicines

Generic medicine is the medicine which contains same active pharmaceutical ingredient that is present in original branded medicine protected by patent. Generic medicines are allowed to sale after the expiry of patent of original branded medicine.

Generic medicines have same dosage form, safety, strength, route of administration, quality, performance characteristics, and intended use. A generic version of branded medicine has same active pharmaceutical ingredient but may have slightly indifferent inactive ingredients which may change look (shape or colour) of generic medicine from its branded medicine but does not change the effectiveness and safety of medicine.

Read: Difference between branded medicine and generic medicines

In order to enter a Generic medicine into pharmaceutical market, it must be bioequivalent to the branded medicine. Generic medicine should have similar bioavailability as of branded medicine. Bioavailability is the rate and extent of absorption of active ingredients or active metabolites from a product into the systemic circulation.

Marketing of generic medicines could vary country to country. For example, In USA, all generic medicines are marketed with generic name only. Generic medicine manufacturers are not allowed to fix brand names for their generic medicine. Only one brand is available and that belong to innovator.

In India, there is difference in marketing of generic medicines. In India, generic medicine manufacturers are allowed to fix a brand for their generic medicine. Hence number of brand names is available for a particular molecule throughout country. These generic medicines having brand names are known as Branded Generics. Branded generics are also sold in same way as of its original brand and at almost same price.

Pseudo Generic Medicines: Pseudo generic medicine term used for the generic medicine when exact replica of original is manufactured by pharmaceutical company having patent of molecule. It is manufactured with same active ingredient and same inactive ingredients at exact manufacturing condition.

These pseudo generic medicines are marketed by pharmaceutical company to discourage competitor pharmaceutical companies to enter into market of that molecule.

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

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