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

What is Trademark? Different Signs of Trademark | Documents, Search and Process of Trademark Registration

Trademark Registration

(Step 6 of our how to set-up new business guide)

You have chosen a unique and best name for your business. Now it’s time to protect it for being used by others and keep your business name secure. For protecting your name for being used by others, you need to apply for trademark registration.

It is strongly recommended for businesses and individuals to register your trademarks for your business name (trade name) as well as products/services name but if it is not possible to register all products/services name, you should at least go for trademark registration of your business name. Other than this, if you don’t go for trademark registration, being the first to use a name automatically confers certain rights of that name for the region that you are using trademark but protection is very limited.

What is Trademark?

Trademark is a unique symbol or word(s) that is used by a business/individual or its products/services (as trade name or products/services name) to distinguish it from others. After registration under trademark act, these symbol or word(s) can’t be used by any other business fall under class in which trademark registration is applied.

Trademark is generally referred to a company name, brand/product name/service and/or logo of company and/or firm. Trademark registration can be obtained for business name, brand name, logo, tagline or caption etc.

Different Signs of Trademark:

Most commonly three types of symbols used as indication of trademark claim:
™, ®, ℠

TM Symbol is used for indicating Trademark registration applied for any product or business name
® Symbol is used for indicating Registered Trademarks
SM symbol is also used for registration applied for but this is used in case where trademark registration is applied for service instead of product.

Documents required for trademark registration:

  • Details related to applicant/s i.e. name, address, nationality etc. Applicant may be individual or firm or company.
  • Detail of name/logo/symbol/other particulars that is to be applied for
  • Class in which your trade mark fall under
  • If the mark contains or consists of non-English words, a translation of those words into English is required.
  • Power of attorney simply signed by the applicant (In case of application filled by trademark attorney/advocate and/or legal firm/agency).
  • Fees for registration
  • Proof for using (In case of already using i.e. invoice copy, advertisement etc)

Search of Business Name for not resemblance with any existing business:

Before going into process of trademark registration, you need to check availability and not resemblance with any existing business name or product/service name. At least name should not resemble in your business niche. Along with searching of trademark availability at trademark portal, you should also search at other possible means i.e. searching at search engines (e.g. google, bing etc) or social networks (e.g. facebook, linkedin etc).

Few steps are discussed below:
  • Search at search engines (e.g. google, bing etc) or social networks (e.g. facebook, linkedin etc) for any existing business with same name specially in your business niche.
  • Search at intellectual property website i.e. http://ipindiaonline.gov.in/tmrpublicsearch/frmmain.aspx at trademark search section for any existing trademark or registered trade names related to these names.
  • Search in business niche related business directories.

Process for trademark registration:

  • Choose your business name (possibly along with logo)
  • Search at different place for not resemblance to any existing business name
  • Search for trademark availability through government trademark search portal
  • Search for any legal firm/trademark attorney for applying trademark or apply by own online
  • Select appropriate class from 1 to 45 Classes. (Class depend upon nature and category of your business)
  • Application submission for Trade Mark registration
  • It takes 3 working days for trade mark department to issue Trade Mark application Number but it takes 6 months to 2 years for Trade Mark registration if your application don’t receive any objection otherwise it may take more time.
  • Advertising of trademark by government public gadget before acceptance for trademark registration (Objections and oppositions are invited by government from public/stakeholders before going in registration process) 
  • Hearing before registrar if your trademark faces any objection 
  • Hearing before registrar if your trademark faces opposed 

Other Steps:


Hope above information is helpful to you...

Comments

Ayurvedic Medicine Company

Ayurvedic Medicine Company

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