How to Start Pharmaceutical Business

Posts

Showing posts from January, 2020

How to Start Pharmaceutical Company (Marketing & Manufacturing)?

Starting a Pharmaceutical company is a dream project for every pharma professional. But most of us haven’t start own pharmaceutical venture due to lack of knowledge and procedure to start pharmaceutical company. Here we will try to help you to start your own pharmaceutical company. This article we cover complete detail that is necessary to start pharmaceutical company. We can divide pharmaceutical companies in two parts: Pharmaceutical Manufacturing Company Pharmaceutical Marketing Company These are two basic types of pharmaceutical companies. These can be further divided into following parts based upon their marketing, sale and work basis irrespective of marketing and/or manufacturing type. Branded Drugs Dealing Companies Generic Drugs Dealing Companies Pharma Franchise Companies Institutional Supply Companies i.e. supply to hospitals, colleges, departments etc Over the Counter (OTC) Drugs Dealing Companies Online Pharmacy Company Exporting Companies Importing Compani

Pharmaceutical Marketing Company Vs Pharmaceutical Manufacturing Company

First have a look about brief information about pharmaceutical marketing company and pharmaceutical manufacturing company . Pharma marketing company is the way to start marketing and promotion of pharmaceutical products by own name through getting manufactured product at third party manufacturing basis or contract manufacturing basis. Whereas Pharma manufacturing company is way to set-up manufacturing unit and manufacturing pharmaceutical products for own marketing or for other pharmaceutical marketing companies. Pharmaceutical Marketing Company Vs Pharmaceutical Manufacturing Company: Which one is better to start? In our one article, we have discussed about which option will be better for you to start pharma marketing business i.e. pharma franchise marketing vs pharma marketing company . In this article, we are going to discuss about which one will better to start between pharmaceutical marketing company and pharmaceutical manufacturing company. You can check requi

Packing Records

There shall be authorised packaging instructions for each product, pack size and type. These shall include or have a reference to the following: - Name of the product; Description of the dosage form, strength and composition; The pack size expressed in terms of the number of doses, weight or volume of the product in the final container; Complete list of all the packaging materials required for a standard batch size, including quantities, sizes and types with the code or reference number relating to the specifications of each packaging material.; Reproduction of the relevant printed packaging materials and specimens indicating where batch number and expiry date of the product have been applied; Special precautions to be observed, including a careful examination of the area and equipment in order to ascertain the line clearance before the operations begin. Description of the packaging operation, including any significant subsidiary operations and equipment to be used; Details of

Master Formula Records

There shall be Master Formula records relating to all manufacturing procedures for each product and batch size to be manufactured. These shall be prepared and endorsed by the competent technical staff i.e. head of production and quality control . The Master Formula shall include: - The name of the product together with product reference code relating to its specifications; The patent or proprietary name of the product along with the generic name, a description of the dosage form, strength, composition of the product and batch size ; Name, quantity, and reference number of all the starting materials to be used. Mention shall be made of any substance that may disappear in the course of processing. A statement of the expected final yield with the acceptable limits, and of relevant intermediate yields, where applicable. A statement of the processing location and the principal equipment to be used. The methods, or reference to the methods, to be used for preparing the critical

Batch Processing Records

Batch Processing Records: 1. There shall be Batch Processing Record for each product. It shall be based on the relevant parts of the currently approved Master Formula . The method of preparation of such records included in the Master Formula shall be designed to avoid transcription errors. 2. Before any processing begins, check shall be performed and recorded to ensure that the equipment and work station are clear of previous products, documents or materials not required for the planned process are removed and the equipment is clean and suitable for use. 3. During processing, the following information shall be recorded at the time each action is taken and the record shall be dated and signed by the person responsible for the processing operations: - The name of the product, The number of the batch being manufactured, Dates and time of commencement, of significant intermediate stages and of completion of production, Initials of the operator of different significant steps of produ

Batch/Lot Size

Batch Size (Lot Size) is a refer to a specific quantity of finished pharmaceutical product manufactured in single manufacturing order during the same cycle of manufacture. A calculated quantity of active pharmaceutical ingredient and excipients are taken to produced required quantity of that product.

Expiry Date

Expiry date is the date mentioned at finished pharmaceutical product's label till that a formulation maintains its efficacy and safety profile. After completion of expiry date is could be dangerous to consume any medicine. Drug control authorities generally fixed a specified time period for formulations before that they should be consumed. Medicines generally have twenty four months of expiry date. Other similar terms Manufacturing Date Batch Number Maximum Retail Price Manufacturing License Number

Manufacturing Date

Pharmaceutical pr oducts have to compile with regulatory requirements applicable at concern country. From raw material to finished goods, every step is regulated. Finished pharmaceutical products also have to compile with regulatory requirements. One regulatory requirement that has to follow while preparation of finished good is labeling requirement. Label matter is also regulated under applicable law and order. A label must contain recommended things printed before dispatch from pharmaceutical manufacturing unit . One recommendation is to show date of manufacturing. Date of manufacture is the date of completion of the final products, or the date of bottling or packing for issue which is shown as mfg date or pack date, manufacturing date etc. at label/packaging of finished pharmaceutical products . Other similar terms Expiry Date Batch Number Maximum Retail Price Manufacturing License Number

Batch Number/ Lot Number

Batch number or Lot number is an serial number or reference given to the record of manufacturing process of a specific quantity of formulation manufactured in single manufacturing order during the same cycle of manufacture and printed at label of the formulation that allows the history of its production to be traced. Standard Operating procedure of Batch Numbering: There shall be Standard Operating Procedures describing the details of the batch (lot) numbering set up with the objective of ensuring that each batch of intermediate, bulk or finished product is identified with a specific batch number. Batch numbering Standard Operating Procedures applied to a processing stage and to the respective packaging stage shall be same or traceable to demonstrate that they belong to one homogenous mix. Batch number allocation shall be immediately recorded in a logbook or by electronic data processing system. Batch Number is a part of batch manufacturing record and manufacturing record ma

Drug Price Control Order (DPCO)

Drug Price Control Order (DPCO) is an order issued by center government under the essential commodities act which enables NPPA (National Pharmaceutical Pricing Authority) to fix ceiling price of essential and life saving medicines to ensure these medicines at affordable price to general public. Price control over drugs was first introduced in India as Drug (Display of Prices) Order, 1962 and the Drug (Control of Prices) Order, 1963. After that Drugs (Price Control) Order of 1966, Drugs (Price Control) Order of 1970 - issued under the "Essential Commodities Act, 1955, Drugs (Price Control) Order 1979 (following the Drug policy, 1978), Drugs (Price Control) Order of 1987 (following the Drug policy, 1986). These policies were based upon the principle of effective control over prices of essential drugs and later bulk drugs as well as availability of drugs. After that Drug policy of 1994 were implemented through Drugs (Price Control) Order, 1995. The control over prices was to be o

Formulation

Formulation means a medicine processed out of or containing one or more drugs with or without use of any pharmaceutical aids, for internal or external use for or in the diagnosis, treatment, mitigation or prevention of disease and, but shall not include – (i) any medicine included in any bonafide Ayurvedic (including Sidha) or Unani (Tibb) systems of medicines; (ii) any medicine included in the Homeopathic system of medicine; and (iii) any substance to which the provisions of the Drugs and Cosmetics Act, 1940 (23 of 1940) do not apply

Excipients

Excipients are the biological inactive substances used in manufacturing of pharmaceutical products to convert a active pharmaceutical ingredients into stable pharmaceutical dosage form. Excipient cover up a wide range of substances such as Diluents , Binders, Anti Adherents, Disintegrants, Glidants, Lubricants, Coating agents, Colouring agents, Flavors, Preservatives, Sorbents, Sweeteners, Vehicles etc. Diluents: Diluents are the bulk forming agents used to make up solid dosage form volume for potent active ingredients which are to be used in small quantity and difficulty to convert into desired dosage form. Example: DCP Binders: Binders are the agents used in tablet dosage form to hold ingredients together and ensure that tablet and granules can be formed with required mechanical strength. Examples: Sucrose, Gelatin, lactose etc. Anti-adherents: Anti adherents reduces adhesion between granules and punches, and prevent sticking to tablet punches by offering a non-stick s

Finished Pharmaceutical Products (FPP)

Finished Pharmaceutical products (FPP) term used fot the products that have completed their manufacturing process and are in its final form and are ready for distribution and dispatch from pharmaceutical manufacturing unit but have not yet been sold or distributed to the end user. Manufacturing process involves generally three process: Procurement of raw material ( API's/Bulk drugs , Excipients/bulking agents/not active ingredients and packaging material ) Manufacturing Process Finished Pharmaceutical Products

Shelf Life

Shelf Life of Finished Pharmaceutical Products is the time period during which it maintains its efficacy and safety. A product is considered as safe before its expiry date. Shelf life of is generally described as time period between its date of manufacturing and its date of expiry .

Pharma Franchise Marketing Vs Pharma Marketing Company

When you want to start own business related to pharmaceutical products marketing, you always have two options to start with. One is starting own pharmaceutical marketing company and second is to start marketing by taking franchise of a pharmaceutical company. Both have own pros and cons & are the most common way to start own pharmaceutical business . In this article, we will discuss which will be the best from these two to start with, pros and cons, and selection criteria. First have a look at brief information about pharma franchise marketing and pharmaceutical marketing company. Pharmaceutical franchise marketing is a way to promote and distribute other company’s pharmaceutical products at monopoly basis in which you will have exclusive rights at that particular area and no other person can do distribution or marketing of that company product in your area where as pharmaceutical marketing company is a way to promote and distribute pharmaceutical products by manufactu

Maximum Retail Price (MRP)

Maximum Retail price (MRP) is the maximum price that can be paid by a patient or his care taker for purchasing a pharmaceutical product which is included of all taxes. It is mandatory to show maximum retail price at products label/packaging . Pharmaceutical products MRP is regulated in India under Drug Price Control Order (DPCO). Molecules which are listed under DPCO list and maximum retail price is controlled by National Pharmaceutical Pricing Authority (NPPA) . No Pharmaceutical manufacturer can fix Maximum Retail Price higher than fixed by NPPA,. For molecules whose maximum retail price is not controlled by NPPA, pharmaceutical manufacturer has freedom to fix MRP as per their requirements Check out: How to fix maximum retail price for medicines? Related: How to calculate Price to Retailer and Price to Stockiest?

Pharmaceutical Packaging Material

Pharmaceutical Packaging Material is the material that prevent finished pharmaceutical products from destruction, prevent potency loss or degradation etc. during its shelf life . Pharmaceutical Packaging Material are of three types: Primary Packaging Secondary Packaging Tertiary Packaging Primary Packaging Material: Primary packaging material is the packaging material which is in direct contact with dosage form and used to pack original pharmaceutical dosage form. For Tablet and Capsules, generally pet/glass bottle, blister and alu-alu packaging is used where as for liquid/syrup generally bottles are used. Injection are packed into vials or ampules. Examples: Blister, Strip, Alu-Alu, pet bottles, aerosol spray can etc. Secondary Packaging Material: Secondary Packaging Material is used to pack or cover primary packaging material. It is used for providing protection to primary packaging material as well as describing products detail (Brand name, composition, mfg d

Active Pharmaceutical Ingredients/Bulk Drugs

Active Pharmaceutical Ingredients (Also API's)/ Bulk Drugs are biological active ingredients used to manufacture finished pharmaceutical products and intended to be used for pharmacological activity. Active Pharmaceutical Ingredients or Bulk Drug includes any pharmaceutical, chemical, biological or plant product including its salts, esters, isomers, analogues and derivatives, conforming to standards specified in the Drugs and Cosmetics Act, 1940 and which is used as such or as an ingredient in any formulation . Some example of Active Pharmaceutical Ingredients are Paracetamol Powder, Diclofenac powder etc. Check out: How to start manufacturing unit of Bulk Drugs/ Active Pharmaceutical Ingredients (API)? Related Terms: Excipients Pharmaceutical Products Packaging Material

Goods and Service Tax Identification Number

Goods and Service Tax Identification Number, in short form GSTIN, GST number is a commercial license number required to conduct business in India . It is applicable at business having annual turnover above 40 lakhs Indian rupees or businesses involves in inter-state (from one Indian state to another Indian State) supply of goods and service at any annual turnover. Goods and Service Tax is an indirect tax type applicable on supply of goods and services. It is divided into five different tax slabs i.e. 0%, 5%, 12%, 18%, 28%. Most of pharmaceutical products fall under 12% percent tax slab except few life saving drugs which come under 5% tax slab while some medical devices fall under 18% tax slab. Pharmaceutical printing material and pharmaceutical packaging material fall under 18% tax slab. Check out: How to apply for GST number?

Pharmaceutical Products

Pharmaceutical Products are the products which are intended for internal or external use for or in the diagnosis, treatment, mitigation or prevention of disease or disorder in human beings or animals. Pharmaceutical products may include drugs, medicines, surgical, medical devices and other related products. According to WHO, " Pharmaceutical products – more commonly known as medicines or drugs – are a fundamental component of both modern and traditional medicine. It is essential that such products are safe, effective, and of good quality, and are prescribed and used rationally."

Pharma Companies in West Bengal

LA Chemico pvt ltd 66/1A, Baithak khana road, 1st floor, kolkatta-700009 icpldrugs@gmail.com www.lachemico.in Sai tech healthcare P-112, J.U.E Co- operative, Panchasayar, Kolkata 700094 sales@saitechhealthcare.in www.saitechhealthcare.in Shilar Pharmaceuticals 30A, Barobagan Lane, Serampur, DIst. Hooghly-712203 info@shilarpharmaceuticals.com www.shilarpharmaceuticals.com Woodrock healthcare private ltd F-1, 2nd floor, 55, B.R.B. basu road, Kolkata-700001 (WB) Declaimer: Address and Other details are taken from their website, advertisement and other sources, please confirm on your behalf after company authenticity before associating with any pharma company listed above. Keywords: Pharma Franchise Company, List of pharma franchise companies, pharma franchise company in West Bengal, pcd pharma franchise company, multinational pharma franchise company, ayurvedic pharma company in India

Pharma Companies in Uttar Pradesh

Adum healthcare Shivaji Puram Gate, Swarnajayanthi Nagar, Ramesh Vihar Road, Aligarh, Uttar Pradesh info@adumhealthcare.com www.adumhealthcare.com Affy group of companies H-206, Sector 63, Noida Uttar Pradesh – 201301 , INDIA sales@affygroup.net www.affypharma.com AGS biotech 1391/76 A, Hanumant Vihar, Naubasta, Kanpur, Uttar Pradesh 208021 Bionet India Pvt. Ltd. A-42, Block A, Rampuri, Surya Nagar, Ghaziabad, Uttar Pradesh 201011 bionet.india@gmail.com www.bionetindia.com Drukst Biotech Marwari hotel chowk, choraha Lucknow, Uttar Pradesh 226003 druksbiotech@yahoo.in Max live pharmaceuticals Plot No. 30, Dwarika Appartment, Wazirabad Rd, Shalimar Garden Extension I, Shalimar Garden, Ghaziabad, Uttar Pradesh 201005 Moral Pharmaceuticals Roayl Arcade, 565 KA-94-2, Sneh Nagar, Alambag, Lucknow - 226005. E-mail : info@moralpharma.com Website : www.moralpharma.com Radico remedies 14/11/1, site IV, sahibabad indl. Area, Ghaziabad mktg@radicoremedies.com www.radicoremedies.com Quest Biotech (

Pharma Companies in Telangana

TelanganaAeston Lifesciences11-13-891/A, road no. 2, green hills colony, hyderabad-35 aestonmarketing@gmail.com www.aestonlifesciences.com Alka pharmaceuticals 4-114/31/1, ravinder nagar, Ramanthapur, Hyderabad-500013 alkapharma04@gmail.com Beulah biomedics plot no. 15, pradampuri colony, kapra, ECIL post, Hyderabad-500062 Cartel laboratories Plot No. 10/A & 11/A, Opp: RTC Colony Chengicharla, R.R. Dist., Hyderabad – 92. cartellabs@yahoo.co.in www.cartellabs.in Dynamed pharmaceuticals PLOT NO 462, W-B-3-7, 2nd FLOOR, ROCK TOWN COLONY, L. B. NAGAR, Hyderabad - 500068, Telangana, India dynamedmarketing@gmail.com www.dynamedpharmaceuticals.com Genx medica plot no. 15, pradampuri colony, kapra, ECIL post, Hyderabad-500062 plusindia2003@yahoo.co.in www.plusindia.in Indu drugs 5-5-35/278 & 279,prasanthi nagar, IDA, kukatpally, Hyderabad-500072 Jainik life sciences 3-4-255, ground floor, kanakadurga bhavan, Kachiguda, Hyderabad-500027 jainiklifesciences@gmail.com Lee Pharma ltd sy no.

Pharma Companies in Tamil Nadu

Biomiicron pharma18, dr. Ambedkar road, Kodambakkam, Chennai-24 admin@biomiicron.in www.biomiicron.in Declaimer: Address and Other details are taken from their website, advertisement and other sources, please confirm on your behalf after company authenticity before associating with any pharma company listed above. Keywords: Pharma Franchise Company, List of pharma franchise companies, pharma franchise company in Tamil nadu, pcd pharma franchise company, multinational pharma franchise company, ayurvedic pharma company in India

Pharma Companies in Rajasthan

Aster medipharm (p) ltd F-132(a) ,vkia ,road no, 12,sikar road , Jaipur-302039 India. Come2aster@gmail.com www.astermedipharm.in Atishya biotech 185, Mahaveer Nagar-II, Maharani farm, durga pura, Jaipur atishyabiotech@yahoo.com Jaiwik Biotech C-31-A, jagan path, Chomu house, C-scheme, Jaipur-01 jaiwik.biotech@gmail.com www.jaiwik.com Man Serve Pharma 62, Kamdhenu shopping centre, shastri nagar, jaipur manservepharma@gmail.com www.manservepharma.com Millimax healthcare II nd floor, pharma plaza, film colony, nehru bazar, Jaipur Pleasant pharmaceuticals 63, shanti nagar-A, gurjar ki thari, gopalpura by pass, jaipur-302019 Pleasant@rediffmail.com www.pleasantpharmaceuticals.com Raulette formulations 6-A, kalaji goraji, new colony, Udaipur-313001 rauletteformulations@hotmail.com Scortis Healthcare 1/48, RIICO industrial area, kanakpura, Jaipur-302034 (RJ) scortishealthcare@gmail.com www.scortishealthcare.com Declaimer: Address and Other details are taken from their website, advertisement a

Pharma Companies in Punjab

Alice healthcare plot no. C-44, indl. Area, phase-3, S.A.S. nagar (Pb.) alicehealthcarepvtltd@gmail.com BeeKay pharmaceuticals V.P.O. focal point Tibba, distt. Ludhiana-141120 beekaypharmaceuticals@gmail.com www.beekaypharmaceutical.com Capri pharmaceuticals 651/2B, punjab mata nagar, near canal petrol pump, Ludhiana-141002 info@capripharma.com www.capripharma.com Cheminnova life sciences preet colony, adjn. Royal estate, Chandigarh-ambala highway, Zirakpur (S.A.S nagar)-140603 cheminnova91@gmail.com Consern pharma focal point, VPO Tibba, distt. Ludhiana-141120 info@consernpharma.com www.consernpharma.com Corvin Pharmaceuticals 651/2B, punjab mata nagar, near canal petrol pump, Ludhiana-141002 info@corvinpharma.com www.corvinpharma.com Cyril pharmaceuticals F 67, phase-7, indl. Arae, Mohali-160055 Finex healthcare Building No. 83 2nd Floor, Raipur Kalan, Chandigarh, Punjab 160102 finexhealthcare@gmail.com Gary Pharmaceuticals 399-C, Rani Jhansi road, civil line, Ludiana-141001 info@gar