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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.

Prescription Drugs list in India

In India, Drugs are regulated through Drug and Cosmetic Act, 1940 & Rules 1945. Drugs are classified through Schedules. Schedules are the set of provisions for classifications of drugs, forms, fees, standards, requirements, regulations related to drugs. Unlike other countries Like UK, Australia, USA where specific category mention prescription drug, prescription drugs in India are not included in any single schedule but divided according to their severity of side effects and use.

Generally Schedule H, Schedule H1 and Schedule X drugs are considered to be prescription drugs in India. Drugs listed in these schedules are considered as prescription drugs.

Definition of Prescription Drugs:

Prescription drugs are the drugs which require a valid prescription from registered medical practitioner to be sold by retail.

Drugs which are included as prescription drugs are the drugs which may cause severe side effects and complications if taken without under proper guidance and monitoring of registered medical practitioner. Misuse or abuse of prescription drugs can lead to severe side effects including dangerous drug interactions.

List of Prescription Drugs in India:

Schedule H Drugs: Schedule H contains drugs which are to be sold by retail on the prescription of a Registered Medical Practitioner only. Schedule H contains list of 551 drugs which follow to conditions mentioned under drug and cosmetic rule, 1945.
Check out list of schedule H drugs here

Schedule H1 Drugs: Schedule H1 contains drugs which generally cover antibiotics and other molecules having severe complications if sold without prescription.
Checkout List of Schedule H1 Drugs here

Schedule X Drugs: Schedule X contains drugs which are habit forming and narcotics drugs. These drugs if sold without prescription can lead to severe side effect and addictive to patients. Schedule X drugs are restricted in nature and require special conditions regarding storage and dispensing.
Check out list of schedule X drugs here

Other schedule drugs also require medical supervision and care while taking by patients. So self medication should be avoided and drugs should be consumed only against advice and prescription of medical practitioner.

Schedule G Drugs: Schedule G drugs contains warning showing It is dangerous to take this preparation except under medical supervision. These are mostly hormonal preparation and requires medical supervision while taking drugs listed in schedule G.
Check out list of Schedule G drugs here

Schedule C and C1 drugs: Schedule C and C1 contain biological and other special products
Check out list of schedule C and C1 Drugs here

Read Related: What are the schedules?
List of other Schedules: Schedule A, Schedule B, Schedule D, Schedule E, Schedule F, Schedule J, Schedule K, Schedule L, Schedule M, Schedule N, Schedule O, Schedule P, Schedule Q, Schedule R, Schedule S, Schedule T, Schedule U, Schedule V, Schedule W, Schedule Y

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