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Queries on starting Pharma Marketing company

Query: Sir, we are 4 friends willing to start a Pharma marketing company . We initially planned a budget of total 4 Lakh. We chosen 5 tablet items and 3 IV products which run on regular basis.  Following of the queries I wanted to share- 1) Is 4 Lakh budget is sufficient for initiating this project?(8 items). 2) How do we introduce general IV products into Private hospitals and nursing homes? 3) How long it will take a time to run this business smoothly and grow? Response: 1) Is 4 Lakh budget is sufficient for initiating this project?(8 items). Best way to know about this is that, you can take rates of your proposed products from manufacturers and calculate your costing. You would have better idea about your budget then. 2) How do we introduce general IV products into Pvt hospitals and nursing homes? We hope you have experience and knowledge in those molecules. You just conduct a market survey about prices at what these products are sold in market and you can sell those at what rates t
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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)?

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