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 medicine business?

Medicines are regulated under drug and cosmetic act 1940 & rules 1945. Manufacturing, import, export, sale, purchase, supply, distribution and dispensing of medicines etc are regulated through this act and a licence is required to conduct any type of business related to medicines. Different types of medicine business will require different types of licences.

Types of Businesses in medicine industry:
  • Import of Medicines (Raw material and Finished products)
  • Manufacturing of Active Pharmaceutical Ingredients (API)/Bulk Drugs
  • Manufacturing of medicines (Finished products)
  • Wholesale and Distribution of medicines and API/Bulk Drugs
  • Retailing and dispensing of medicines
  • Export of medicines
  • Medicine marketing company

Import of Medicines:
For importing medicines in India, import licence is required. Along with import licence, Registration certificate of every medicine is required that is to be imported into India along with registration of premises where manufacturing of medicines is conducted. For registration and import licence, licnecee has to fulfill all requirements and formalities that you can read at below linked articles.
Check out complete details about import of medicines in our articles about import:


Manufacturing of Active Pharmaceutical Ingredients (API) / Bulk Drugs:
For manufacturing of bulk drugs and raw material for pharmaceutical industry, manufacturing license is required. Bulk drug manufacturing plant is complex in nature and requires special requirements. Premise for manufacturing of bulk drugs has to fulfill requirements as specified in Schedule M and Schedule M Part1 of drug and cosmetic act & rules. We have written dedicated articles related to manufacturing of bulk drugs where you can find out complete information about plant, specifications, technical persons requirements, machinery and licneces etc.



Manufacturing of Medicines:
For manufacturing of medicines, Drug manufacturing licence is required. Finished medicine products are less complex as compare to bulk drug manufacturing. Manufacturing licence is issued by the licensing authority appointment by state drug authority for this purpose. A medicine manufacturing unit should compile with the requirements specified in Schedule M or as per WHO: GMP (Good manufacturing practice) regulations.
You can read complete detail about starting drug manufacturing unit in our article:
Steps for Starting pharmaceutical manufacturing unit

Wholesale and Distribution Business of Medicines:
For medicine distribution business, wholesale drug licence is required. Requirements for wholesale business of medicines are less as compare to manufacturing business. Area and technical person’s qualifications are also relaxed. For staring wholesale medicine business, licencee required only minimum of ten square meter premises area.
Other details, business plan, qualification of technical person etc, you can read at our article dedicated to distribution business of medicines: How to become a pharmaceutical distributor/wholesaler?




Medicine Retail Business:
Medicine retail business includes chemists shop, pharmacy stores, online pharmacy, drug stores, medical store etc. For medicine retail business, licencee is required to take Retail drug license. Complete information about starting medicine retail business in our article: How to start Pharmacy retail store in India?






Export of Medicines:
Along with medicine manufacturing licence, manufacturing premises from which you want to export medicines should be WHO:GMP approved or from concerned authority (e.g. USFDA, EUFDA etc) in which you are going to export is approved. COPP is required to obtain before exporting medicines from India along with importer-exporter code number. Check out complete for exporting medicines in our articles: 
Medicine Marketing Company:
Interested in starting medicine company but don't have fund to set-up medicine manufacturing unit then medicine marketing company is one of the best possible business opportunity. Medicine marketing company requires less investment and easy to start.For medicine marketing company, company registration/Firm constitution, wholesale drug license and GST number is required. After fulfillment of licences and requirements, products with own marketed by company name can be manufactured through third party manufacturing, contract manufacturing or loan license basis. 
Check out complete detail of setting up medicine marketing business in our articles:



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