Query: I am a veterinarian by profession. Have been going through your website from past 1 year and have planned now to give a start to my own pharma company. Please let me know what will be the first step I need to take. Answer: First Step you need to prepare yourself for Pharmaceutical Company: Preparation means Choose marketing type, Choose molecules want to launch, Location where you want to launch product, Choose Company, Products Name, Budget available... Choose marketing type: As number of marketing and selling types present in pharmaceutical market. i.e. Branded Marketing , Generic Marketing , OTC Marketing, Franchise Marketing etc. You need to select any one from above. Choose Molecule: Once you have selected which marketing type is best suitable for you then you need to select at which segment and molecules you want to work. Check out: How to choose products/service for business? Location: You can't launch your pharmaceutical company all over India or at broad area.
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:
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
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