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
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 for granting retail drug license at first floor.
Now come to your second question If pharmacy degree isn't there then what is alternative
There is one common practice in India that you can employee a pharmacist. You can use your employee pharmacist registration for your pharmacy retail drug license.
if I talk practically that there is rented license system is very common in India. A pharmacist is shown as an employee. His/her pharmacist registration is used for taking retail drug license
you can do as like but if you want to go more ethical then you can hire a pharmacist having registration under state pharmacy council and take retail drug license at his/her pharmacist registration and employee him/her full time at your pharmacy store.
Having a full-time pharmacist employee is best possible alternative
Hope this information is useful to you...
Comments
Post a Comment