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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.

List of Documents for Grant of Retail Drug License

Grant of Retail Drug License 

1. Application in Statutory form. 

2. License Fee/Challan. 

3. Declaration (Notarized affidavit) for new drug sale license in prescribed format by applicant (proprietor/Partners/Director/Authorized Signatory/Power of attorney). 

4. Residential certificate, Voter ID, Aadhar card for proof of residential address (permanent). 

5. Proof of educational qualification of applicant. 

6. Proof of date of birth of applicant. 

7. Government document with photo for identification. 

8. Four (4) passport size colored photo of applicant. 

9. Partnership deed in case of partnership firm/ Article of association, Memorandum of association, List of Directors resolution of Board of directors/Power of attorney (In case of a company). 

10. Affidavit in prescribed format regarding character by applicant/character certificate of applicant issued by competent authority. 

11. Affidavit in prescribed format regarding consent and appointment of Registered Pharmacist. 12. Registration certificate and up to date renewal of registration of registered pharmacist issued by Bihar State Council, Patna. 

13. Four (4) passport size colored photo of Registered Pharmacist. 

14. Plan of the proposed premises indicating the carpet area (specifying length and breadth in meters and area in square meter) and boundary with signature of building owner and the applicant and its route chart. 

15. Legal document showing the proof of ownership of the building owner with updated property tax receipt for the premise to be licensed. 

16. If the proposed premise is on rental basis, rent agreement on India Non Judicial Stamp with updated property tax pay receipt. 

17. Purchase receipt of refrigerator with make and capacity. 

Check out: Complete procedure to take retail drug license

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