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How e-pharmacies would able to give 18-20% discount to customers?

Query: First of all, a big thanks for your work. Pharmaceutical industry looks like complex web for a common people but due to your blog it is easy for us to understand this whole industry. Now coming to my question, I want to know if total margin for retailers in this industry is 18-20% then how netmeds, pharmeasy and other online players are giving 25% discount? And what steps we have to take if we want to open pharmacy shop and want to give 15-20% discount. Can a retailer buy medicines directly from company or c&f and cutting margin of distributor/Wholesaler? Response: Online players give discounts upto 18-20% or something like that. Not at all products they give exact margins. In the pharmaceutical industry , Only few brands give less margin, most brands give good margin plus schemes etc, even to offline retailers. If we talk about generic and other products there are huge discounts like product cost is 30 rs and mrp is 100 rs. So, an 25% discount in the pharma market is not

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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