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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
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Can a doctor start a pharmaceutical Company?

A doctor can start a pharmaceutical company but he/she will require fulfilling all requirements needed for starting a pharmaceutical company. A doctor can be owner of pharmaceutical company but a doctor cannot be a competent person on the basis of his/her educational qualification.

He/she will need competent person along with other specification and requirements (which can be check by reading given link below) to start own pharmaceutical business whether it’s a pharmaceutical marketing company or pharmaceutical manufacturing company or other pharmaceutical businesses.





Pharmaceutical Marketing Company:

For starting of pharmaceutical marketing company, one of the following qualified competent person will be required:
  • Registered Pharmacist, or
  • Holds a degree of a recognised University with one year‘s experience in dealing with drugs
Read in detail: How to start pharmaceutical marketing company?

Pharmaceutical Manufacturing Company:

For starting pharmaceutical manufacturing company, two technical persons are required. One is manufacturing chemist and second is Analytical chemist.

Educational qualification and experience of Manufacturing Chemist is as follow:
  • A graduate in Pharmacy or Pharmaceutical Chemistry with eighteen month experience in pharmaceutical manufacturing, or
  • A graduate in Science (Chemistry) with three years experience in pharmaceutical manufacturing, or
  • A graduate in Chemical Engineering or Chemical Technology or Medicine) with three years experience in pharmaceutical manufacturing, or
  • Holding any foreign qualification and experience equivalent as discussed above

Educational qualification and experience of Analytical Chemist is as follow:
  • A degree in Medicine or Science or Pharmacy or Pharmaceutical Chemistry
Read in detail: How to start Pharmaceutical manufacturing company?

Similar questions:

Q: Can doctors invest in drug companies?
A: Yes, doctors can invest in a drug companies.

Q: Can a doctor be owner of a pharmaceutical company?
A: Yes, a doctor can be owner of a pharmaceutical company

Q: Can a doctor own a pharmacy?
A: Yes, a doctor can be owned a pharmacy

Q: Can a doctor run a business?
A: Running business along with practice is not illegal or ban. A doctor can free to conduct any business as per requirements needed by running a business.

Hope above information is helpful to you...
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