Skip to main content

Steps involved in starting Pharmaceutical Marketing Company

If we talk about steps for starting pharma marketing company so,  Step 1. You need to take experience in pharmaceutical industry that how you can sell your pharmaceutical products. Step 2. You need to choose your company name. Step 3. After that select your products, choose brand names for your products  Step 4. You can also go for trademark registration if you want to.  Step 5: After finishing these works you can go for company registration if you want to.other wise you can work as a firm  Step 6. Apply for licenses - wholesale drug license,  GST number.  Step7. If you also have food products then you can take fssai registration or license.  Step 8. Next step is to find out a good manufacturer who will manufacture your products. Step 9. Next steps is to get manufactured your products from that manufacturer.  Step 10. Receiving of products. After receiving products, you can selling and marketing of your products.  So, like that you can start your pharma marketing company step by step.

What is the Difference between Third Party Manufacturing, Contract Manufacturing and Loan License Manufacturing?

Third party manufacturing, contract manufacturing and loan licensing, all are the terms for manufacturing own pharmaceutical brands without owing a pharmaceutical manufacturing unit. With help of these three, one can easily set-up own pharmaceutical company without investing at manufacturing facility. In this article, we will checkout difference between these three.

First two are similar in many aspects and used as synonyms many times for each other in general talking but have technical difference. Loan licensing is totally different from these terms.

First we will understand difference between third party manufacturing and contract manufacturing.


Third party manufacturing and contract manufacturing, both are the ways to get manufacturing own brand name products from manufacturing company with or without involvement of manufacturing process. Responsibility of manufacturing process is of manufacturer but marketing company may involve in procurement of material required during manufacturing process. This Involvement creates difference between third party manufacturing and contract manufacturing.

In both processes require a marketing company and a manufacturing company.

When a marketing company orders a product to manufacturing company for manufacturing at marketing company’s brand name and manufacturing company provides the goods as per specifications and sources available at its manufacturing facility i.e. die, tablet shape, bottles, packaging material etc, this process is known as third party manufacturing.

Whereas when marketing company get manufactured its own brand name products at customized terms & specification, and provides or asked for procurement of everything used for manufacturing of that product i.e. raw material, excipients, packaging material, die etc. as per marketing company specifications. Manufacturing company only need to process it to convert into the finished goods with marketing company’s brand name, and in other term, assembling it as per marketing company specifications. This process is known as contract manufacturing.

Marketing company may pay for procurement of special accessories used or may provide these by own to manufacturer for customization of products as per their standard. In some cases, marketing company provides every desire material i.e. raw material, excipients, packaging material, dies etc and in some cases provides some material and remaining is procured by the manufacturer.

Now come to Loan Licensing. Loan licensing is totally different from above two processes. In loan license, manufacturing process is also responsibility of marketing company. First have look at Loan license definition.

According to Drug and Cosmetic Act & Rules, “A Loan license is defined as “For the purpose of this rule a loan license means a license which a licensing authority may issue to an applicant who does not have his own arrangements for manufacture but who intends to avail himself of the manufacturing facilities owned by a licensee in form 25 or in form 28 as the case may be.”

In loan licensing, marketing company approaches to manufacturing company having manufacturing license and ask him to use his manufacturing facility for manufacturing own products. Then manufacturing company apply for permission to drug department to allow marketing company for manufacturing products at its manufacturing premises already having manufacturing license and compile with drug manufacturing license requirements. Drug department issue a license to marketing company on the basis of manufacturing premises, technical staff, capacity, specifications of manufacturing company to manufacture products. This license is known as loan license.

In loan licensing, marketing company can handle complete manufacturing work or some time appoint an authorized person at manufacturing premises which look after manufacturing processes handled by parent manufacturing company during marketing company’s products manufacturing or on basis of mutually agreed term and conditions. Compensation, rent, profit or commission whichever is agreed is paid to manufacturing company by marketing company for availing its manufacturing facility.

There is labelling requirement will also be vary in third party manufacturing, contract manufacturing and loan licensing.

In third party manufacturing and contract manufacturing, marketing company will be shown as Marketed by or manufactured for or with any other similar term. Manufactured name and address and license number will also be shown at label.

In Loan licensing, marketing company works as manufacturer and marketing company name will be shown as manufactured by and loan license number will be shown as manufacturing license number.

Hope above information is helpful to you...

keywords:loan license manufacturing ppt, difference between loan license and third party manufacturing, loan licensing pharma meaning, loan license and repacking license, loan license slideshare, contract manufacturing pharma, ayurvedic loan license, difference between
 loan license and third party manufacturing, third party manufacturing pharma

Comments

Send Distribution/Franchise Query

Name

Email *

Message *

Register your business at

Find pharmaceutical, cosmetics, nutraceutical, ayurveda and alternative medicine's distributors, franchise, suppliers query for free.

If you want to take distribution, franchise or associates with any pharmaceutical, cosmetic or ayush company then you can find it here...

Popular posts from this blog

What are the Schedules under Drug and Cosmetic Act, 1940 & Rules 1945?

Schedules are the set of provisions for classifications of drugs, forms, fees, standards, requirements and regulations related to pharmaceutical, Ayurvedic (including siddha), unani and tibb system of medicines, homeopathy, blood and realted products etc under Drug and Cosmetic Act, 1940 and Rules, 1945. The schedule to the drugs and cosmetics act are Schedule A, B, C, D, E, F, G, H, I, J, K, L, M, N, O, P, Q, R, S, T, U, V, W, X, Y. Drug and cosmetic rules are divided into schedules alphabetically and named also alphabetically like Schedule A, Schedule B etc till Schedule Y. The schedules to the drugs and cosmetics act are important part. Every schedule contains specific information as discussed below. Schedule A:  Schedule A  describes application forms and licenses types. Download Schedule A Pdf Schedule B:  Schedule B  describes Fees for test or analysis by the Central Drugs Laboratories or State Drugs Laboratories. Download Schedule B Pdf Schedule B1: Schedule B1 describes

How to Register as a Pharmacist in India?

Who is a Pharmacist: Pharmacist is a person having educational qualification in pharmacy profession i.e. Diploma in Pharmacy or Bachelor in pharmacy or Pharma D etc. Who is a Registered Pharmacist: Registered Pharmacist is a person having educational qualification in pharmacy and his/her name is registered under state pharmacy council  of state in which person reside or want to conduct his/her profession or business . How to become a Registered Pharmacist? For becoming pharmacist in India, a person has to fulfill criteria as per Pharmacy Act. A person want to register himself/herself as a pharmacist should have at least minimum of Diploma in Pharmacy or Bachelor in Pharmacy or Pharma D. After completing above mentioned qualifications, you become eligible for registering as a pharmacist. If you have only Diploma in pharmacy, then 500 hours practical training spread over a period of not less than 3 months is also required to become eligible. download pdf After registering your name in s

Pharmacy Chain Stores

Pharmacy retail business is one of the most profitable businesses in healthcare industry . The total Indian retail pharmacy market is growing at an average of 18% per year over the last few years, and is anticipated to grow by even higher numbers in the future. What is a Pharmacy Store? A pharmacy store is retail counter which deals in dispensing and compounding of drugs and medicines.  Pharmacy business in India is regulated through Drug and Cosmetic Act & Rules and there is requirement of  retail drug license  for operating pharmacy and drug store in India. Requirement of pharmacist is necessary for taking retail drug license in India. Pharmacist is a person who is responsible for carry out or supervise all activity of pharmacy or drug store.  Check out:  How to open medical store? What is Chain Pharmacy? When a pharmacy store organization consists of four or more pharmacy stores, it is known as  Pharmacy Chain Stores. In simple word, when an organization or individual set-up/op