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Best Ayurvedic Company in India

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.
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Pharmaceutical Retailers

Pharmaceutical retailers deal into retailing of pharmaceutical products. They are in direct contact with patients or their caretakers. Pharmaceutical sector is regulated sector. Pharmaceutical Manufacturing, marketing, distribution and retail all is regulated through drug and cosmetic act & rules.

For becoming pharmaceutical retailer, one should have retail drug license from drug department. For applying for retail drug license, applicant should have fulfilled predefined requirements and documents.

Pharmaceutical retailers are Chemists, Drug Stores, Pharmacy Store, and online Pharmacies etc. There are little bit different between all these pharmaceutical retail businesses.

Pharmacy stores are the pharmaceutical retailers who employ the service of registered pharmacist and are engaged into compounding, preparing and dispensing of drugs against prescription of registered medical practitioner.

Chemists are the pharmaceutical retailers who employ service of registered pharmacist but don’t engaged in compounding and preparation of drugs, only engaged into dispensing of pre-packed drugs against prescription of registered medical practitioner (in case of OTC, without prescription).

Drug stores are the pharmaceutical retailers who do not employ service of registered pharmacist

Online Pharmacies are the pharmaceutical retailers who employ the service of pharmacist and engaged into online selling of drugs against prescription of registered medical practitioner (in case of OTC, without prescription).

General Requirements for Pharmaceutical Retail Business:
  • Premises and Shop: Minimum of 10 Sq. Meter areas
  • Registered Pharmacist
  • Retail Drug License
  • FSSAI registration (If deals in food and dietary supplements also)
  • Shop Registration
  • GST Number (If turnover above 40 lakh annually or compulsory for online pharmacies)

Read Related: Difference between Drug Store, Druggist, Chemist and pharmacy

Documents required for Applying for retail drug license:
  • Application form
  • Fee Receipt
  • Pharmacist appointment letter and qualification & registration documents of registered pharmacist
  • Shop possession proof (Ownership proof or rent agreement)
  • Affidavits of proprietor/partners/directors and pharmacist
  • Blue print/layout of premises etc
  • Refrigerator purchase bill
  • Other documents whatever asked by drug authority

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