If I talk about small scale pharmaceutical businesses that can be started easily at small scale but you need to have good experience in pharmaceutical industry there. If you have sales and marketing experience then you can start by taking franchise of a Pharma company . It can be started easily and at very small levels. You don't need much investment. You can start pharma franchise business with 2000, 3000, 5000 rupees. If we talk about other business then you can start pharma distribution business . It can be started with 50000, 1 lakh or 2 lakh rupees. You can also start pharmaceutical retail business . It's investment depend at various factors like location, number of products etc. If you want to start with less investment then this and you have good experience then you can start pharma consultancy business. In which department you have experience, you can start help other to set up business and can earn from there. You can start youtube channel or blog related to ph
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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