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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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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?
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