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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

Documents required to start Medical Store in India

Question: My name is ----- and currently I am working in small pvt company and now I am looking to start business (Medical Store) and my younger brother has D Pharma and Chemist license so what is the next steps. I have own shop so please need your kind help to complete documentation asap. Answer: Next step is to apply for a Retail Drug License at the Drug Licensing Authority (Mostly District Drug Inspector) office after completing all documents and requirements specified. Detail of documents required for retail drug license: Application Form Pharmacist registration certificate photo copy. (If proprietor or one of partner is not registered pharmacist, appointment letter and affidavit of pharmacist will be submitted along with registration certificate copy of pharmacist) Academic qualification certificates of pharmacist Date of birth proofs Prescribed fees Ownership proof or in case rented premises, rent agreement with owner detail. Purchase bill receipt photocopy of refrigerator Part

List of Jobs in Pharmaceutical Industry

Pharmaceutical Industry researches, discovers, develops, manufactures, produces and markets drug and pharmaceutical products aims for internal or external use for or in the diagnosis, treatment, mitigation or prevention of disease or disorder in human beings or animals. Pharmaceutical Companies may deal in generic or branded medications and medical devices. Below we are discussing jobs based upon their working departments. We divided jobs as under Healthcare related Jobs, Manufacturing and analysis related jobs, sales and marketing jobs, purchase and administration related jobs, jobs in research and development section, and educational and writing jobs etc. Healthcare related Jobs: Pharmacist: Pharmacists are also known as chemists or druggists. Pharmacist are health professionals who specialize in the use of medicines, as they deal with the composition, effects, mechanism of action, dispensing of drugs and proper and effective use of drugs. Pharmacist is one of the best options to do

List of Pharmaceutical Companies in India

Indian Pharmaceutical sector is 3-4% of global pharmaceutical sector in term of value and nearly 10% in term of volume and expected to grow to US  100 billion by 2025. India is known as pharmacy of world as it accounts for 20 per cent of global exports in generics. India’s pharmaceutical exports stood at US$ 16.84 billion in 2016-17. There are many factors and advantage to boost setting up a large number of pharmaceutical company in India. In India, pharmaceutical products are marketed as  branded generics , hence it differentiate Indian pharmaceutical sector from world's other countries pharmaceutical sectors. Marketing types involves  branded drugs marketing ,  generic drugs marketing ,  pharma franchise marketing ,  over the counter (otc) drugs marketing ,  institutional sales  etc. Here we are providing list of few pharmaceutical companies alphabetically. This list may contains companies from any type i.e.  pharmaceutical marketing companies ,  pharmaceutical manufacturing

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