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.
Schedules: Schedule A, Schedule B, Schedule C, Schedule D, Schedule E1, Schedule F, Schedule G, Schedule H, Schedule H1, Schedule I, Schedule J, Schedule K, Schedule L1, Schedule M, Schedule M1, Schedule M2, Schedule M3, Schedule N, Schedule O, Schedule P, Schedule Q, Schedule R, Schedule S, Schedule T, Schedule U, Schedule V, Schedule W, Schedule X, Schedule Y
Schedule K (Rule 123):
Schedule K describes the class of drugs and their extent and condition of exemption from all provisions of drug and cosmetic act.
Schedule K allowed some drugs from falling under drug and cosmetic act, and allow to use, sell without provisions of drug and cosmetic act.
For more detail refer Drug and Cosmetic Act
Schedule K (Rule 123):
Schedule K describes the class of drugs and their extent and condition of exemption from all provisions of drug and cosmetic act.
Schedule K allowed some drugs from falling under drug and cosmetic act, and allow to use, sell without provisions of drug and cosmetic act.
For more detail refer Drug and Cosmetic Act
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