Pharmaceutical companies typically use a variety of factors to determine the price of their drugs, including: Development and production costs: Pharmaceutical companies invest significant amounts of money into the research, development, and production of new drugs. The cost of these activities, including clinical trials and obtaining regulatory approval, is factored into the price of the drug. Marketing and Distribution Cost: Marketing and distribution costs may also be considered by pharmaceutical companies when determining drug prices. These costs include expenses related to advertising, sales representatives, and distribution networks. Drug Uniqueness: If a drug is the first of its kind or represents a significant improvement over existing treatments, the pharmaceutical company may set a higher price for it. If a drug has many competitors or is like existing treatments, the company may have to set a lower price to remain competitive. Market demand: Companies also consider the dem
Competent person is most commonly used word while applying for any type of license and registration in pharmaceutical industry. Most of new comers and sometimes even experienced persons could not be able to describe competent person in pharmaceutical sector.
Definition of Competent Person:
A competent person is a person who is eligible and authorized to conduct a specific pharmaceutical business means manufacturing procedure under pharmaceutical manufacturing, dispensing and compounding under pharmaceutical retail, sale and distribution under pharmaceutical wholesale business etc. Every business types require different qualification and requirements to become competent person.
Qualification and requirements for becoming competent person in different types of pharma businesses is as follow:
Qualifications and requirements:
Qualification and Requirements:
Qualification and Requirements:
Definition of Competent Person:
A competent person is a person who is eligible and authorized to conduct a specific pharmaceutical business means manufacturing procedure under pharmaceutical manufacturing, dispensing and compounding under pharmaceutical retail, sale and distribution under pharmaceutical wholesale business etc. Every business types require different qualification and requirements to become competent person.
Qualification and requirements for becoming competent person in different types of pharma businesses is as follow:
Pharmaceutical Manufacturing Company:
Number of Competent person required: 2 no.- Manufacturing Chemist
- Analytical Chemist
Manufacturing Chemist:
Manufacturing chemist is a person who is authorised and responsible for all manufacturing activity conducted in a pharmaceutical manufacturing unit.Qualifications and requirements:
- 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
Analytical Chemist:
An analytical chemist is a person who is authorized and responsible for quality and testing of drugs manufactured under pharmaceutical manufacturing unit.
Qualification and requirements:
Check out: How to start Pharmaceutical manufacturing company?
Qualification and Requirements:
Qualification and requirements:
- A degree in Medicine or Science or Pharmacy or Pharmaceutical Chemistry
Check out: How to start Pharmaceutical manufacturing company?
Pharmaceutical Marketing Company:
Number of competent persons: 1 No.Qualification and Requirements:
- Registered Pharmacist, or
- Holds a degree of a recognised University with one year‘s experience in dealing with drugs
Pharmaceutical Distribution Business:
Number of competent persons: 1 no.Qualification and Requirements:
- Registered Pharmacist, or
- Holds a degree of a recognised University with one year‘s experience in dealing with drugs
Pharmaceutical Retail Business:
Number of technical persons: 1 No.Qualification and Requirements:
- Registered Pharmacist
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