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First step need to take For Starting a Pharmaceutical Company

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.

Am I eligible to apply for drug dealership license as Financial Analyst

Query: I am looking to start distributor business in Pharmaceutical so I need complete details from license procedure to apply for distributor ship. Can you please provide the details over email?
Also, I have question that Am I eligible to apply for drug dealership license if I don't have an experience in drug dealership? As I have done MBA in finance and have worked in finance company as Finance Analyst but now, I am interested to start distribution business in pharmaceutical at my place and also please suggest which company dealership I can apply for on the basis of profit, easy dealership process and formalities, etc. 

Response: For starting distribution in pharmaceutical sector, you require to have wholesale drug license and GST number.

Check out: Procedure and details for applying wholesale distribution license here

You are not eligible for applying for wholesale drug license on the basis of your experience as Finance Analyst. You must have either minimum of one year experience at drug agency or you must be a registered pharmacist.

If we talk about suggestion then this part is to be completed by yourself as we don’t recommend companies. You can search for pharma companies’ dealership on the our Business2Business Portal

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