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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

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 equipments including cleaning, assembling, calibrating, sterilizing;
  • Detailed step wise processing instructions and the time taken for each step; 
  • The instructions for in-process control with their limits;
  • The requirements for storage conditions of the products, including the container, labelling and special storage conditions where applicable;
  • Any special precautions to be observed; 
  • Packing details and specimen labels.
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