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
How can a non pharma person get wholesale drug license? It is not necessary to have a pharmacist for a wholesale drug license as in case of retail drug license . If you have to get a retail drug license then you cannot get a retail drug license without a pharmacist. But when it comes to wholesale drug license, apart from the pharmacist, there is also a possibility that you can get a wholesale drug license without a pharmacist. Who is Eligible for Wholesale Drug License? Must be a registered pharmacist under the State Pharmacy Council or Competent Person/Experienced Person having minimum one year experience after graduation in registered wholesale pharmaceutical licensed firm (with bank salary details, appointment letter, experience letter and resignation letter) So if you want to get wholesale drug license and you are not a pharmacist then if you are graduate and you have at least one year experience in any wholesale drug license firm then you are eligible to apply for wholesale drug l
