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Steps involved in starting Pharmaceutical Marketing Company

If we talk about steps for starting pharma marketing company so,  Step 1. You need to take experience in pharmaceutical industry that how you can sell your pharmaceutical products. Step 2. You need to choose your company name. Step 3. After that select your products, choose brand names for your products  Step 4. You can also go for trademark registration if you want to.  Step 5: After finishing these works you can go for company registration if you want to.other wise you can work as a firm  Step 6. Apply for licenses - wholesale drug license,  GST number.  Step7. If you also have food products then you can take fssai registration or license.  Step 8. Next step is to find out a good manufacturer who will manufacture your products. Step 9. Next steps is to get manufactured your products from that manufacturer.  Step 10. Receiving of products. After receiving products, you can selling and marketing of your products.  So, like that you can start your pharma marketing company step by step.

How to set-up Retail Pharmacy Business?

Question: This is with regards to opening up of a retail pharmacy business in Thane. Please guide me as to how I can proceed with it. I am CA qualified, but have no idea about whether any specific qualifications are required for setting up this business and also how to obtain license

Response:
For starting retail pharmacy business, you need to have retail drug license. For taking retail drug license, you need to complete all requirement essential for it.

These are as follow:
Premises Area Required: Minimum of 10 Square meters.
Premises Specifications: Premises shall be designed, constructed, adapted and maintained to suit the pharmacy operations so as to permit dispensing of drugs under hygienic conditions.
Competent Person: Registered Pharmacist

Pharmacist requirement, you can fulfil by appointing a registered pharmacist as employee for your pharmacy store.

Documents and requirements for starting retail pharmacy business:
  • Application at Form 19, 19A, 19B or 19C as per license required
  • Fee Challan receipt
  • Registered Pharmacist appointment letter if either of owner or partner is not registered pharmacist
  • Educational and Qualification proof copy i.e. registration certification at State Pharmacy council, diploma or bachelor degree certificates etc
  • Date of birth certificate or proof copy of pharmacist
  • Declaration Affidavit of pharmacist as prescribed by authority
  • Address proof of pharmacist
  • Shop possession proof (Ownership proof or rent agreement which is applicable)
  • Refrigerator purchase bill copy
  • Partnership deep/MOA/Registration copy if any
  • Affidavit of proprietor/partners/directors
  • Address proof of proprietor/partners/directors
  • Blue print/layout plan of shop in three copies
  • Any other documents asked by drug authority

How to obtain license for retail pharmacy business?

For applying for license, you have to visit to your district drug licensing authority. Drug licensing authority responsibility is generally fulfilled by district drug inspector. You need to visit there and discuss about all formalities and specifications required for retail pharmacy business.

Complete all formalities and apply for retail drug license online or offline as applicable in your state. 

For more details read: How to open pharmacy store in India?

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