Skip to main content

The Complex Factors that Influence Drug Prices

Pharmaceutical companies typically use a variety of factors to determine the price of their drugs, including: Development and production costs: Pharmaceutical companies invest significant amounts of money into the research, development, and production of new drugs. The cost of these activities, including clinical trials and obtaining regulatory approval, is factored into the price of the drug. Marketing and Distribution Cost: Marketing and distribution costs may also be considered by pharmaceutical companies when determining drug prices. These costs include expenses related to advertising, sales representatives, and distribution networks. Drug Uniqueness: If a drug is the first of its kind or represents a significant improvement over existing treatments, the pharmaceutical company may set a higher price for it. If a drug has many competitors or is like existing treatments, the company may have to set a lower price to remain competitive. Market demand: Companies also consider the dem

Schedule M-III

Schedules: Schedule ASchedule BSchedule CSchedule DSchedule E1Schedule FSchedule GSchedule HSchedule H1, Schedule I, Schedule JSchedule KSchedule L1Schedule MSchedule M1Schedule M2Schedule M3Schedule NSchedule OSchedule PSchedule QSchedule RSchedule SSchedule TSchedule USchedule V, Schedule W, Schedule XSchedule Y


Schedule M-III (Rule 69,69A, 75,75A and 76):
Schedule M-III describes the quality management system for notified medical devices and in vitro diagnostics.
1.       General Requirements
2.       Applicability
3.       Term and definitions
§  Active implantable medical device
§  Active medical device
§  Advisory Notice
§  Customer Complaint
§  Implantable medical device
§  Component means any raw material, substance, piece, part, software, firmware, labeling, or assembly
§  Design inputs means
§  Design output means
§  Design review means
§  Finished device means
§  In-vitro Diagnostic means
§  Management with executive responsibility means
§  Medical device referred
§  Quality audit means
§  Quality policy means
§  Quality system means
§  Rework means
§  Specification means
§  Validation means i)Process validation means ii) Design validation means
§  Verification means
4.       Quality management system
§  General
§  Documentation requirements
·         General
·         Quality Manual
·         Control of documents
·         Control of records
5.       Management responsibility
§  Management commitment
§  Customer focus
§  Quality policy
§  Planning
·         Quality objectives
·         Quality management system planning
§  Responsibility, authority and communication
·         Responsibility and authority
·         Management representative
·         Internal communication
§  Management review
·         General
·         Review input
·         Review output
6.       Resource management
·         Provision of resources
·         Human resources
¨       General
¨       Competence, awareness and training
·         Infrastructure
·         Work environment

7.        Product Realisation
·         Planning of product realization
·         Customer-related processes
¨       Determination of requirements related to the product
¨       Review of requirements related to the product
¨       Customer communication
·         Design and development
¨       Design and development planning
¨       Design and development inputs
¨       Design and development outputs
¨       Design and development review
¨       Design and development verification
¨       Design and development validation
¨       Control of design and development changes
·         Purchasing
¨       Purchasing process
¨       Purchasing information
¨       Verification of purchased product
·         Production and service provision
¨       Control of production and service provision
Ø  General requirements
Ø  Control of production and service provision-Specific requirements
§  Cleanliness of product and contamination control
§  Installation activities
§  Particular requirements for sterile medical devices
Ø  Particular requirements for sterile medical devices
§  General
§  Particular requirements for sterile medical devices
Ø  Identification and traceability
§  Identification
§  Traceability
§  Status identification
Ø  Customer property
Ø  Preservation of product
¨       Control of monitoring and measuring devices
1.       Measurement, analysis and improvement:
·         General
·         Monitoring and measurement
¨       Feedback
¨       Internal audit
¨       Monitoring and measurement of processes
¨       Monitoring and measurement of product
·         Control of nonconforming product
·         Analysis of data
·         Improvement
¨       General
¨       Corrective action
¨       Preventive action


After these provisions and requirements, Drug and Cosmetic act prescribes the annexure for medical devices.

Annexure A: The manufacturer shall prepare a succinct document in the form of Device Master File containing specific information about the device manufacturing in the premises

Annexure B: The manufacturer shall prepare a succinct document in the form of Plant Master File containing specific information about the production and/or control of device manufacturing carried out at the premises.

Annexure C: Environmental requirement for Notified medical devices and in-vitro diagnostics


For more detail refer Drug and Cosmetic Act

Comments

Send Distribution/Franchise Query

Name

Email *

Message *

Register your business at

Find pharmaceutical, cosmetics, nutraceutical, ayurveda and alternative medicine's distributors, franchise, suppliers query for free.

If you want to take distribution, franchise or associates with any pharmaceutical, cosmetic or ayush company then you can find it here...

Popular posts from this blog

What are the Schedules under Drug and Cosmetic Act, 1940 & Rules 1945?

Schedules are the set of provisions for classifications of drugs, forms, fees, standards, requirements and regulations related to pharmaceutical, Ayurvedic (including siddha), unani and tibb system of medicines, homeopathy, blood and realted products etc under Drug and Cosmetic Act, 1940 and Rules, 1945. The schedule to the drugs and cosmetics act are Schedule A, B, C, D, E, F, G, H, I, J, K, L, M, N, O, P, Q, R, S, T, U, V, W, X, Y. Drug and cosmetic rules are divided into schedules alphabetically and named also alphabetically like Schedule A, Schedule B etc till Schedule Y. The schedules to the drugs and cosmetics act are important part. Every schedule contains specific information as discussed below. Schedule A:  Schedule A  describes application forms and licenses types. Download Schedule A Pdf Schedule B:  Schedule B  describes Fees for test or analysis by the Central Drugs Laboratories or State Drugs Laboratories. Download Schedule B Pdf Schedule B1: Schedule B1 describes

State Pharmacy Council, Its Constitution and Composition and Functions

State Pharmacy Council: State Pharmacy Council is constituted as per the Pharmacy Act, 1948 & State Pharmacy Rules, 1951. State Pharmacy Council is an authoritative council to regulate Pharmacy Act, 1948 & State Pharmacy Rules, 1951. What is state pharmacy council? State Pharmacy Council means a State Council of Pharmacy constituted under section 19, and includes a Joint State Council of Pharmacy constituted in accordance with an agreement under section 20 under the Pharmacy Act, 1948 & State Pharmacy Rules, 1951. State Pharmacy Council constituted and work under  Pharmacy council of India . Composition of State Pharmacy Council: The State Pharmacy Council consists of the following: i) Six members, elected from amongst themselves by registered pharmacists of the State; ii) Five members, of whom at least three shall be persons possessing a prescribed degree or diploma in pharmacy or pharmaceutical chemistry or registered pharmacists nominated by the State Governme

How to Register as a Pharmacist in India?

Who is a Pharmacist: Pharmacist is a person having educational qualification in pharmacy profession i.e. Diploma in Pharmacy or Bachelor in pharmacy or Pharma D etc. Who is a Registered Pharmacist: Registered Pharmacist is a person having educational qualification in pharmacy and his/her name is registered under state pharmacy council  of state in which person reside or want to conduct his/her profession or business . How to become a Registered Pharmacist? For becoming pharmacist in India, a person has to fulfill criteria as per Pharmacy Act. A person want to register himself/herself as a pharmacist should have at least minimum of Diploma in Pharmacy or Bachelor in Pharmacy or Pharma D. After completing above mentioned qualifications, you become eligible for registering as a pharmacist. If you have only Diploma in pharmacy, then 500 hours practical training spread over a period of not less than 3 months is also required to become eligible. download pdf After registering your name in s