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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
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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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