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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

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 pharmacist has got the right to practice,

But what the practice meant here was that what the pharmacist could practice was regulated here. It was detailed, it was defined that what a pharmacist can practice,

That these massages were circulating and the news were circulating, then after that the PCI also put a clarification that in any condition, no pharmacist can practice medicine. Nor can anyone open a clinic where he can do medical care.

So according to the Pharmacy Practice Regulation, whatever a pharmacist can do, whatever will be the element of patient care,

Only these will be the element of Pharmacist patient counselling:

“In this connection, it is clarified that there is no such provision in the Pharmacy Practice Regulations, 2015. Under the said Regulations, the registered pharmacist is required to dispense medicines on the prescription of a Registered Medical Practitioner and can counsel the patient or care giver on medicine to enhance or optimize drug therapy. The elements of patient counselling may include the following –
(i) Name and description of the drugs;
(ii) The dosage form, dose, route of administration, and duration of drug therapy;
(iii) Intended use of the drug and expected action;
(iv) Special directions and precautions for the drug;
(v) Common severe side effects or adverse effects or interactions and therapeutic contra indications that may be encountered, including their avoidance, and the action required if they occur;
(vi) Techniques for self-monitoring drug therapy;
(vii) Proper storage of the drugs;
(viii) Prescription refill information;
(ix) Action to be taken in the event of a missed dose;
(x) To ensure rational use of drugs.

So, it was some summery which a pharmacist can practice that is to say a pharmacist in any condition a pharmacist cannot do medical practice or open a clinic for medical care

So, it was pharmacy practice regulation that was misunderstood and practice was misinterpreted, so you can never open a pharma clinic, there is no such thing like a pharma clinic,

So, any pharmacist is not eligible to open a clinic.

Check PCI clarification here: https://www.pci.nic.in/pdf/38.pdf
Check Pharmacist Practice Regulation Act here: https://www.pci.nic.in/pdf/42.pdf

I hope you will like this information, thanks for giving time...





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