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Steps involved in starting Pharmaceutical Marketing Company

If we talk about steps for starting pharma marketing company so,  Step 1. You need to take experience in pharmaceutical industry that how you can sell your pharmaceutical products. Step 2. You need to choose your company name. Step 3. After that select your products, choose brand names for your products  Step 4. You can also go for trademark registration if you want to.  Step 5: After finishing these works you can go for company registration if you want to.other wise you can work as a firm  Step 6. Apply for licenses - wholesale drug license,  GST number.  Step7. If you also have food products then you can take fssai registration or license.  Step 8. Next step is to find out a good manufacturer who will manufacture your products. Step 9. Next steps is to get manufactured your products from that manufacturer.  Step 10. Receiving of products. After receiving products, you can selling and marketing of your products.  So, like that you can start your pharma marketing company step by step.

Over the Counter (OTC) Drugs

Quick Preview:
If we talk about OTC medicine, OTC word used for the over the counter medicines. These are the medicines that you can purchase directly from pharmacy without prescription of medical practitioner.

 

Detailed Article:
Drugs are termed as Branded Drugs, Generic Drugs, Pseudo generics, OTC drugs; prescription drugs etc depend at their marketing type, distribution type, original type, availability for sale type etc.

When a medicine is available for sale at medical stores and pharmacies without prescription of registered medical practitioner is known as Over the Counter (OTC) Drugs. These are considered as safe and effective for use of common person without consultation of healthcare profession.

Over the counter drugs are generally use for small illness and conditions like minor aches and pains, fever, diarrhoea, cold symptoms, sore throat, and allergies etc.

In India, there are requirement of retail drug license under drug and cosmetic act & rules for selling OTC drugs. Only pharmacy and medical stores are allowed to sell OTC drugs in India. In some countries like USA, UK there is no requirement of any license to sell some OTC drugs.

In UK, medicine fall under three categories i.e. Prescription only, Pharmacy medicines and general sales list. Prescription only is sold at prescription by pharmacist. Pharmacy medicines are medicines which can be sold out by pharmacist without prescription and general sales list includes medicines which could be sold out anywhere including super market.

But In India, there are list of prescription drugs are available but list of non prescription drugs are not available which is confusing for healthcare professionals which drugs are to be sold under OTC drugs and which are not.

There are lack of clearance between OTC drugs and prescription drugs. Generally schedule H, H1 and schedule X drugs are considered as prescription drugs in India. Remaining is considered as non prescription drugs. Certain medicines fall under schedule C and C1, Schedule G and other schedule drugs are dangerous to take except under medical supervision. Sometimes a product contains more than one molecule (fixed dosage combinations) which may fall under different schedules which makes differentiation become more difficult.

In November 2016, India’s drug regulator announced it was creating a definition for OTC medicines. This change will create some much-needed clarity around which medicines are safe for general purchase. But still the needed definition had not been enacted.

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

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