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Queries on starting Pharma Marketing company

Query: Sir, we are 4 friends willing to start a Pharma marketing company . We initially planned a budget of total 4 Lakh. We chosen 5 tablet items and 3 IV products which run on regular basis.  Following of the queries I wanted to share- 1) Is 4 Lakh budget is sufficient for initiating this project?(8 items). 2) How do we introduce general IV products into Private hospitals and nursing homes? 3) How long it will take a time to run this business smoothly and grow? Response: 1) Is 4 Lakh budget is sufficient for initiating this project?(8 items). Best way to know about this is that, you can take rates of your proposed products from manufacturers and calculate your costing. You would have better idea about your budget then. 2) How do we introduce general IV products into Pvt hospitals and nursing homes? We hope you have experience and knowledge in those molecules. You just conduct a market survey about prices at what these products are sold in market and you can sell those at what rates t
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What all approvals and licenses require as a skin care products marketed by company?

Query:
I have been reading your articles. It would be great if you can give me some clarity.
I want to get some skin care products manufactured under my brand,I need some information regarding that:-
1) What all approvals and licenses, I would require as a marketed by company.
2) What all certificates I should check of the manufacturer.

Response:
Skin care products can be manufactured by three ways:
Most probably you want to launch skin care general products manufactured as cosmetic products.
So, we will provide clarity by assuming, you want to start cosmetic skin care products.
1. You will not need any approval or license to cosmetic skin care products under your brand name. You only require to have trademark registration for protecting your brand name intellectual rights. All approvals will be carried out by the cosmetic manufacturer and manufacturer may charge for it from you for approvals of your desired products.
2. You can check out License manufacturer have, GMP certification or check samples of products already manufactured by it. 

Query:
Yes I want to enter general cosmetic range. What approval would be required per product?
I mean which Department and what would be expected cost for per product approval in Delhi

Response:
A cosmetic manufacturer has to take approval of a product from the drug department before manufacturing it. Manufacturer will take product approval from Delhi Drug Control Department.
Approx. cost would be approx. 2-5 thousand

Hope above information is helpful to you...


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