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Queries on starting Pharma Marketing company

Query: Sir, we are 4 friends willing to start a Pharma marketing company . We initially planned a budget of total 4 Lakh. We chosen 5 tablet items and 3 IV products which run on regular basis.  Following of the queries I wanted to share- 1) Is 4 Lakh budget is sufficient for initiating this project?(8 items). 2) How do we introduce general IV products into Private hospitals and nursing homes? 3) How long it will take a time to run this business smoothly and grow? Response: 1) Is 4 Lakh budget is sufficient for initiating this project?(8 items). Best way to know about this is that, you can take rates of your proposed products from manufacturers and calculate your costing. You would have better idea about your budget then. 2) How do we introduce general IV products into Pvt hospitals and nursing homes? We hope you have experience and knowledge in those molecules. You just conduct a market survey about prices at what these products are sold in market and you can sell those at what rates t
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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 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...
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