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Showing posts from July, 2021

The Complex Factors that Influence Drug Prices

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
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How to sell Ayush (Ayurvedic, Unani and Siddha) Products in India?

Here we are going to talk about how you can do that if you want to sell Ayurvedic medicine in India. We talked a lot about: How can you start an ayush manufacturing company? How can you start a ayush marketing company? How can you do ayush products distribution? How can you start ayush retail store? But now comes the matter that if you want to sell Ayurvedic medicine , then in what way can you sell them. First, let's discuss about some regulatory requirements. Regardless of the Ayurvedic medicine that is available, then we include the entire AYUSH sector. Let's talk about the entire Ayush sector (Ayurvedic, Yoga & Naturopathy, Unani, Siddha and Homeopathy) . But keeping homeopathic medicine on the side, because license is required for homeopathic medicine. When it comes to manufacturing Ayurvedic medicine, Unani medicine, Siddha medicine, , it is regulated within the Drug and Cosmetic Act. The section of Ayurvedic Medicine is covered under this Act . Manufacturing of ayurve
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How To Be Successful In Pharmaceutical Business?

  Hi Guys I am Ajay Kamboj and today we will talk that if you want to be successful in pharmaceutical business or ayurvedic business or nutraceuticals business then what you have to do for that. How you can be successful we will talk about the same in this post Actually, whenever anyone asks me if they want to be successful in pharma business. Whether it is marketing, manufacturing, trading, distribution then how can they can be successful. Then I have a simple answer, for everyone, they to make their own network. They do not understand that and they feel I am talking about network marketing. I do not mean here with network marketing, networking exists in every business and for the success of any business networking is very important How much good idea you have? How much unique idea you have? You are coming with a product that is not available with anyone but till you will not have a good network Unless you know how you will deliver your product to your customer, who is its end user
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If Pharma degree not there, what is the alternative to open medical store?

  Today we will discuss about a query. Query is that I am chemical engineer having 10-year experience in pharmaceutical sector. My doubt is that my shop is at first floor. Is it  eligible for pharmacy (retail drug license)  or not? and if I want to  take retail drug license  then  pharmacist  is compulsory or not. If I don't have  pharmacy degree  then what is alternative for that If we talk about retail drug license then drug authority shouldn't have any objection for first floor. They will grant you  license for retail store/pharmacy store  at first floor but point is that whether there is gathering or public for purchasing at first floor or not. Because generally most of chemist shops are present at ground floor in market or nearby of hospital which is essential for them to run successfully. You need to consider that how a patient or his/her care taker will reach at your pharmacy if there is no market place at first floor. I think drug authority shouldn't have any issue
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How much investment required in third-party manufacturing and Loan License Manufacturing?

Today we will talk about a query. Query is that how much investment is required for third party manufacturing and loan licensing if started with 4 products? Loan Licensing and Third Party, both are different If we discuss in detail  Loan licensing is what in which a pharmaceutical marketing company tie up with pharmaceutical manufacturing company and manufacturing company apply for issue for manufacturing license for marketing company in its premises that is applied at state drug control authority That is like applying for new manufacturing license and that takes lots of investment because whole documents and process is to proceed from new way. Plant, machinery and technical persons are used of manufacturing company and new manufacturing license is issued at marketing company name. So, the manufactured by name is of marketing company also in loan license. Manufacturing name will be of marketing company in loan licensing. Only address is belonging to pharmaceutical manufacturing com
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Can a pharmacist open the pharma clinic?

  Hello Guys I am Ajay Kamboj and today we will talk about Whether a pharmacist can open a Pharma Clinic or not. We will talk about this Generally, there is a lot of confusion and misunderstanding about Pharma Clinic and many messages were also circulated when the Pharmacy Practice Regulation Act came. Even today there is doubt in the mind of many pharmacists whether they can open or not open pharma clinics and can diagnose and treat a patient or not, so we will talk about it If I define in just one word that you can open pharma clinic or not, then you cannot open pharma clinic, you cannot treat or diagnose any patient, there is no such regulation, there is no such act. The reason for this huge misunderstanding is that when the Pharma Practice Regulation 2015 was implemented, there was a lot of rumor that the word practice was related to it that pharmacists can now practice. These massages were started to circulated at what's app, facebook and mail that under this act, now the pha
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Regarding cosmetics manufacturing

Query: I want to know how to setup color cosmetics manufacturing like ( lip gloss , lipstick , powder like eyeshadow, blusher , compact ) also we want to know about machinery and chemicals , and which documents require for set up cosmetics plant . Response: There is requirement of licenses and procedure, requirements for starting any type of cosmetic manufacturing unit. Machinery and chemicals required may be different. Please check for detail: How to start cosmetic manufacturing company?
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List of drugs which are classified as OTC as opposed to prescription

Query: We are a skincare brand that is looking to sell OTC products direct-to-consumer. Could you please help me understand what restrictions there are to this and whether we need a wholesale license to do this? I am unable to find the list of drugs which are classified as OTC as opposed to prescription, and could really use your help! Thank you so much. Response: All products that are manufactured under pharmaceutical products whether it is OTC or prescription, there is a requirement of drug license (wholesale or retail) to sell it. You will require a retail drug license to sell it directly to consumers... There are not specially mentioned anywhere about prescription drugs and OTC drugs. Generally all Schedule H, H1, X are considered prescription drugs as they can't be sold without prescription of registered medical practitioner excluding those intended for topical or external use (except ophthalmic and ear / nose preparations). Check out Prescription Drugs list in India
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Govt job with medical shop

Query: I am govt teacher. Can I open medical shop with my own pharmacy license. Please clarify my doubts. Response: No sir, You can't apply for pharmacy license at your pharmacist registration along with your government job
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How much % Pharma company actually gets benefit from celeb marketing?

Query: I wanted to ask you pharma companies collaborates with celebs to market their otc products , could you throw light on how much % pharma company actually gets benefit from celeb marketing, and what according to you is more influential, brand name or well-known celeb. I will be waiting for your response. Response: I think pharma companies get a lot... Not at that brand which they are advertising but also in overall company reputation in the eyes of the medical community i.e. doctors, chemists, hospitals etc. That is about advertisement but when it comes to celebrity collaboration, mainly they collaborate with celebrities because celebrities have their own branding so they try to mix celebrity branding with their otc brand. But in my opinion, advertisements matter more than whether they have a celebrity in the advertisement or not... In the pharmaceutical market, there are a lot of restrictions and companies have to follow advertisements and promotional guidelines related to mainl
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Is it drug license required to sell OTC drugs in India?

Query: I read your blogs over OTC products . I want to know about if I start ecommerce website for OTC product Then any license required for selling products. Please share the list of OTC product which is not required any license except GST. Response: OTC drugs doesn't mean we don't need a license to sell these products. We don't need a prescription to sell these but we need a drug license for all OTC products that fall under pharma. There are no pharmaceutical products that can't be sold without a drug license. If a product falls under pharma then you will require a drug license to sell this whether it is prescription drug or OTC drug... If you start ecommerce website for OTC product then you will require a drug license for selling these products. Only you will not require registered medical practitioner's prescription and without prescription , you can sell these. Without license only at GST, you can sell ayurvedic and herbal product only....
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