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
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....
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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