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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.

Pharmaceutical Distributors and Wholesalers

Pharmaceutical Distributors are the part of pharmaceutical distribution channel who supply pharmaceutical products to retailers, hospitals, pharmacies, resellers and institutions etc.

Pharmaceutical distributors, stockists and wholesalers are synonyms. It’s very difficult to differentiate between wholesaler, stockists and distributors at some level. Some time they work independently but some time their works are similar irrespective of wholesaler, stockist and distributor.

For starting pharmaceutical distribution business, one needs to take wholesale drug license. Wholesale drug license is issued by licensing authority (Drug inspector or specify by state government) under district drug control office. This wholesale drug license is same in case of wholesaler, distributor, stockist, CFA, pharma marketing company etc.

A license on form 20B is issued for drugs other than those specified in Schedules C, C (1) and X to sell, stock, exhibit or offer for sale or distribute by wholesale and license on form 21B is issued for drugs specified in schedule C and C(1). If a wholesaler want to sell drugs specified in Schedule X then he has to take license on Form 20G for it.

For taking wholesale drug license, licensee has to compile with the specifications of drug and cosmetic act & rules. A license should have minimum of 10 square meters premises area and all activity are conducted under the supervision of competent person who is either a registered pharmacist, or has passed the matriculation examination or its equivalent examination from a recognised Board with four years‘ experience in dealing with sale of drugs, or holds a degree of a recognised University with one year‘s experience in dealing with drugs.

If drugs are sold or stocked for sale at more than one place, separate application shall be made, and a separate licence shall be issued, in respect of each such place.

Along with Wholesale Drug LicenseGoods and Service Tax Number (GSTIN) is also mandatory for licensee having more than 40 lakh annual turnover but most of distributors and wholesalers are in interstate trading which make it compulsory to have GST number. If pharmaceutical distributor is engaged into distribution of food supplement then FSSAI registration/license is required.

A pharmaceutical distributor distribute medicines in following ways:

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

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