Pharmaceutical companies typically use a variety of factors to determine the price of their drugs, including: Development and production costs: Pharmaceutical companies invest significant amounts of money into the research, development, and production of new drugs. The cost of these activities, including clinical trials and obtaining regulatory approval, is factored into the price of the drug. Marketing and Distribution Cost: Marketing and distribution costs may also be considered by pharmaceutical companies when determining drug prices. These costs include expenses related to advertising, sales representatives, and distribution networks. Drug Uniqueness: If a drug is the first of its kind or represents a significant improvement over existing treatments, the pharmaceutical company may set a higher price for it. If a drug has many competitors or is like existing treatments, the company may have to set a lower price to remain competitive. Market demand: Companies also consider the dem
Query:
I have drug license , I want to start business (Medicine), But marketed by Mumbai address or HP, Gujarat like this place, can you give good suggestion
Response:
It is common practice in pharmaceutical sector adopted by pharmaceutical marketing companies to have drug license at one location and marketed by address at different locations. This can be possible by showing an admin office or sales office at another location having rent agreement and small office there.
Most of pharmaceutical companies are doing it without showing their licensed address at packaging but with implementation of new draft it is going to be difficult to hide your address where you have drug license. So, we will recommend to show licensed address also at packaging even at small fonts and then mention admin address below it, so you don't have to face any legal complications. If you want to show only Mumbai address or HP, Gujarat then you need to take a drug license there also.
The best way to show marketed by Mumbai address or HP, Gujarat like this place is that You set-up a small office at that location where marketed by address you want to mention at box. Then you can show your marketed by address as
Marketed By:
Company Name
Address having Drug License
Admin Office: Mumbai address or HP, Gujarat
I have drug license , I want to start business (Medicine), But marketed by Mumbai address or HP, Gujarat like this place, can you give good suggestion
Response:
It is common practice in pharmaceutical sector adopted by pharmaceutical marketing companies to have drug license at one location and marketed by address at different locations. This can be possible by showing an admin office or sales office at another location having rent agreement and small office there.
Most of pharmaceutical companies are doing it without showing their licensed address at packaging but with implementation of new draft it is going to be difficult to hide your address where you have drug license. So, we will recommend to show licensed address also at packaging even at small fonts and then mention admin address below it, so you don't have to face any legal complications. If you want to show only Mumbai address or HP, Gujarat then you need to take a drug license there also.
The best way to show marketed by Mumbai address or HP, Gujarat like this place is that You set-up a small office at that location where marketed by address you want to mention at box. Then you can show your marketed by address as
Marketed By:
Company Name
Address having Drug License
Admin Office: Mumbai address or HP, Gujarat
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