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What is Pharma Franchise Model? A blog about how franchising works in pharma.

In this article I will tell you about the Pharma Franchise Model and how it is different from other franchise models. Along with Pharma Franchise, I will drop you some basic knowledge about the entire franchise model. Franchise marketing meaning varies from industry to industry. A franchise is a model of distribution and represents the most common business structure that enables the franchisor to capture recurring business from their franchisees. The franchisees are then able to earn profits from the same set of rules, systems and standardized products sold by other franchises across the country. In today's world of marketing, franchising has emerged as a lucrative option for new ventures as it simplifies and streamline the process of starting a business. With so much advanced equipment, efficient manpower, trained professionals etc., many entrepreneurs find it financially rewarding to take up a franchise business. What is Franchising? Franchising is a business strategy that involv

What is Prescription? Why medicines are sold out against doctor’s prescription only?

A prescription is a written, printed, and typewritten or computer generated document duly signed and dated by prescribe which directs or instruct a pharmacist to compound or dispense a specific type and quantity of preparation or prefabricated drug to a patient or its caretaker.

A Prescription should have following particulars:
  • Prescriber’s office information (Name, qualification, address & Regn. No.)
  • Patient information (Name & address, Age, Sex, Ref.No.)
  • Date
  • Rx Symbol or superscription
  • Medication prescribed or inscription
  • Dispensing directions to Pharmacist (or) subscription
  • Directions for patient [to be placed on label
  • Refill, special labelling and /or other instructions
  • Prescriber’s signature and licence (or) Drug Enforcement Agency (DEA) number as required.

Why do we need prescription for Medicine Purchase?

Medicines are used to treat disease and improve health. Along with improvement in health, there are many risks are associated with medicines. Most of medicines are chemical or biological preparation and can produce major side effects if not used properly. Some medicines are habit forming property also.

To reduce potential side effects associated with medicines, strict supervision is required under which a medicine is consumed by a patient. That’s the reason a medicine is dispensed only by a registered pharmacist against prescription of registered medical practitioner only.

Severity of side effects of some medicines may be life threatening. Misuse or abuse of prescription drugs can lead to adverse drug events, including those due to dangerous drug interactions.

Not all medicines are sold under the prescription of medical practitioner but medicines are divided into prescription drugs and OTC drugs depend at whether they require a valid prescription for sale or not. Drugs which are safe for use of general public without consultation of medical practitioner are covered under OTC drugs.

Prescription drugs are also sold out at pharmacies /chemists without prescription of registered medical practitioner which leads to self medication and severe side effects due to lack of knowledge about medication.

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

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