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.
First we will discuss about licenses and after that documents required for different types of generic own pharma businesses. In generic pharma, you have different types of pharma business like Generic pharma manufacturing company Generic Pharma marketing Company Generic Pharma Distribution and Wholesale Generic Pharma Pharmacy store and Chemist Shop Licenses required for Different generic pharma businesses: For Manufacturing: Manufacturing Drug License Wholesale Drug License Drug Testing Laboratory License GST number For Marketing: Wholesale Drug License GST Number For Distribution and Wholesale: Wholesale Drug License GST number (above 40 lakh annual turnover) For Pharmacy Store and Chemist Shop: Retail Drug License GST number (Above 40 lakh turnover annually) Documents Required for Generic Own Pharma: Documents for drug manufacturing license: Application for grant or renewal of licence to manufacture for sale or for distribution of drugs s