If we talk about steps for starting pharma marketing company so, Step 1. You need to take experience in pharmaceutical industry that how you can sell your pharmaceutical products. Step 2. You need to choose your company name. Step 3. After that select your products, choose brand names for your products Step 4. You can also go for trademark registration if you want to. Step 5: After finishing these works you can go for company registration if you want to.other wise you can work as a firm Step 6. Apply for licenses - wholesale drug license, GST number. Step7. If you also have food products then you can take fssai registration or license. Step 8. Next step is to find out a good manufacturer who will manufacture your products. Step 9. Next steps is to get manufactured your products from that manufacturer. Step 10. Receiving of products. After receiving products, you can selling and marketing of your products. So, like that you can start your pharma marketing company step by step.
Query:
Hi. I am a practicing doctor. My partner and I are starting a pharmaceutical/nutraceutical company (via third party manufacturing). I have 2 queries -
1. Since I am a practicing doctor, and since I regularly prescribe some of the drugs that we have planned to manufacture, is it legally fine for me to continue prescribing the same drugs (as before) but under my company's name from now onwards?
2. The first 3 products that are being manufactured are food supplements (like 0mega 3, Carnitine etc.), so we have only taken FSSAI & marketing registration as of now (along with company registration, GST etc.). Only for the subsequent products (medicines), we have thought of taking distributor licenses. I hope that is fine? Or should we take the distributorship license now itself?
Response:
1. Yes Sir, It is legally fine. A doctor's main concentration is to treat his own patient. Whether you are prescribing your own brands or other company's brands. You can continue prescribing the same drugs under your own pharmaceutical company's brand.
2. If you are doing only food supplements then you can start with FSSAI license along with others. Till you don't go into medicine purchase, you won't require a wholesale drug license. You can take a wholesale drug license when you plan to go into medicine manufacturing in future.
Hi. I am a practicing doctor. My partner and I are starting a pharmaceutical/nutraceutical company (via third party manufacturing). I have 2 queries -
1. Since I am a practicing doctor, and since I regularly prescribe some of the drugs that we have planned to manufacture, is it legally fine for me to continue prescribing the same drugs (as before) but under my company's name from now onwards?
2. The first 3 products that are being manufactured are food supplements (like 0mega 3, Carnitine etc.), so we have only taken FSSAI & marketing registration as of now (along with company registration, GST etc.). Only for the subsequent products (medicines), we have thought of taking distributor licenses. I hope that is fine? Or should we take the distributorship license now itself?
Response:
1. Yes Sir, It is legally fine. A doctor's main concentration is to treat his own patient. Whether you are prescribing your own brands or other company's brands. You can continue prescribing the same drugs under your own pharmaceutical company's brand.
2. If you are doing only food supplements then you can start with FSSAI license along with others. Till you don't go into medicine purchase, you won't require a wholesale drug license. You can take a wholesale drug license when you plan to go into medicine manufacturing in future.
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