Growing a pharma business requires a strategic approach considering the specific context of your company and the pharmaceutical industry as a whole. Here are some general pointers to get you started: Market and Customer: Identify your target customer: Deeply understand the specific needs and challenges of your target audience, whether it's doctors, patients, hospitals, or other healthcare providers. This helps tailor your products, services, and marketing efforts. Focus on unmet needs: Look for gaps in the market where existing solutions are inadequate or unavailable. Addressing unmet needs can give you a competitive edge and drive innovation. Track market trends: Stay updated on regulatory changes, technological advancements, and emerging diseases to adapt your approach and anticipate future opportunities. Products and Services: Invest in R&D: Develop innovative products or differentiate existing ones through unique formulations, delivery methods, or combinations. Remember
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.
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.
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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