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What is Pharma Franchise Model? A blog about how franchising works in pharma.

In this article I will tell you about the Pharma Franchise Model and how it is different from other franchise models. Along with Pharma Franchise, I will drop you some basic knowledge about the entire franchise model. Franchise marketing meaning varies from industry to industry. A franchise is a model of distribution and represents the most common business structure that enables the franchisor to capture recurring business from their franchisees. The franchisees are then able to earn profits from the same set of rules, systems and standardized products sold by other franchises across the country. In today's world of marketing, franchising has emerged as a lucrative option for new ventures as it simplifies and streamline the process of starting a business. With so much advanced equipment, efficient manpower, trained professionals etc., many entrepreneurs find it financially rewarding to take up a franchise business. What is Franchising? Franchising is a business strategy that involv

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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