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Loan License, Third Party Manufacturer or Contract Manufacturer : Best option for Pharmaceutical Start-ups

Query:  Please help me in this regard. 1. We want to market following these products. Protein Powder Multivitamin Capsules Amoxicillin + Potassium Clavulanate Tablets Cefixime Tablets Chlorzoxazone + Aceclofenac + Paracetamol Tablets 2. We want to Market under our Company Logo. 3. Which is the best option for us. Loan License. Third Party Manufacturer. OR Contract Manufacturer. We need different company names located only in Hyderabad to manufacture above said products. Response: Third Party Manufacturer  will be a better way for you to start with as it requires less effort to get manufactured own brand name product under own logo at initial stage... Later when you will be established, going into loan licensing or contract manufacturing will be good. Sorry for different company names as we don't recommend companies. Check out List of Pharmaceutical Companies in Telangana

Pharmaceutical Marketing Company related Questions

Question: I have pharma marketing experience only;
1. Nothing knows what is a private limited company and what are the responsibility of Directors.
2. How can I show marketed by address on products of Bangalore while operating whole company from my city in UP (west).
3. Do I need Drug License with company registration if I have another firm as C&F/ Central Distributors.
4. It is difficult to get drug License at my city, Can I purchase the old license with different name from my company name.
5. Are 20B and 21B enough to get third party manufacturing and to sale of Food products.

Answer:

1. To understand the responsibilities of directors in Private Limited Company, you need to understand the who is director of a private limited company.
A director of private limited company is a person which acts on the behalf of company. A director controls, manages and directs the company and its members. Responsibility of directors is to control, manage and direct the company. A director has similar responsibility as of owner of proprietorship firm but a director doesn’t have ownership of company.

2. If you want to show marketed by address on your products of Bangalore then you need to set-up a sales office at Bangalore. Check out below articles related to marketed by address related queries:

3. Ethically you should have license with company name along with company registration. But wholesale drug license is only required for sell, stock, display and distribution of drugs and medicinal products. If you skip wholesale drug license and use any existing C&F or distributor license for conducting pharma business then it will be ok.

4. Sale or purchase of drug license we don’t have any Idea.

5. 20B and 21B is enough to get manufactured your pharmaceutical product at third party manufacturing basis. If you want to get manufactured and sale food products then you will need to take FSSAI distribution license.

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