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
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.
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