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 recently went through an article about "How to start a pharmaceutical Marketing Company" by Mr. Ajay Kamboj.
It's a very informative article.
I have a few queries regarding the same.
I am planning to start my own pharma marketing company (Proprietorship). For that I am searching for a place to establish a marketing office.
I am doing ethical marketing. (Allopathy)
I am already having DL, GST , FSSAI and currently doing billing.
My query is that
a) Can the billing wholesale place where I have taken all the licenses be different from the Marketing office ?
In this case my billing address is in ----- & I am planning to open a marketing office in Chandigarh.
b) Is there any minimum area for setting up a marketing office ?
c) Can the marketing office be set up in Co-working spaces ? e.g a place of say 3000 sq feet (total), in that place there are small cabins for establishing offices, we take one cabin on rent, use the place and write that address on Medicine boxes.
d) Should the logo of my firm be TM or only product brands are required to be TM ?
I recently went through an article about "How to start a pharmaceutical Marketing Company" by Mr. Ajay Kamboj.
It's a very informative article.
I have a few queries regarding the same.
I am planning to start my own pharma marketing company (Proprietorship). For that I am searching for a place to establish a marketing office.
I am doing ethical marketing. (Allopathy)
I am already having DL, GST , FSSAI and currently doing billing.
My query is that
a) Can the billing wholesale place where I have taken all the licenses be different from the Marketing office ?
In this case my billing address is in ----- & I am planning to open a marketing office in Chandigarh.
b) Is there any minimum area for setting up a marketing office ?
c) Can the marketing office be set up in Co-working spaces ? e.g a place of say 3000 sq feet (total), in that place there are small cabins for establishing offices, we take one cabin on rent, use the place and write that address on Medicine boxes.
d) Should the logo of my firm be TM or only product brands are required to be TM ?
Response:
a) Yes Sir,
You should have all licenses and registration at the location from where you are going to stock products and bill to your customers. Marketing office doesn't necessarily require to have any licenses unless you stock and supply products from there.b) No minimum area is required for setting up a marketing office ?
c): Yes you can set-up a marketing office in a co-working space.
d) TM is not a compulsory thing but it is essential for your logo and brand name protection. You can go for trademark registration for logo, company name and brand names.
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