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How to grow your Pharma Business?

  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
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Code of Pharmacy Ethics

1. Declaration:

Each applicant, at the time of making an application for registration under the provisions of the Act, shall be provided a copy of the declaration as specified in Appendix I along with copies of Code of Pharmaceutical Ethics and Pharmacist’s oath by the state pharmacy council, who shall submit it duly signed.

2. Privileges of persons registered as a pharmacist on the register of State Pharmacy Council:

Subject to the conditions and restrictions laid down in these Regulations regarding practice of profession of pharmacy by persons possessing approved pharmacy qualifications, every person whose name is for the time being entered in the register of the state in which he is for the time being residing or carrying on his profession or business of pharmacy shall be entitled to practice as “Registered Pharmacist” and engage in the practice of profession of pharmacy and to recover in due course of law in respect of such practice of pharmacy any expenses, charges or any fee to which he/she is entitled in lieu of his/her discharging duties as defined by the PCI from time to time.

3. Displaying name of owner and registered pharmacist:

(a) Name of the owner of pharmacy business shall be displayed at or near the main entrance of each premises in which the business is carried on.
(b) Name of the registered pharmacist along with his registration number and qualification along with his/her photograph shall be displayed adjacent to the area where dispensing is carried on in the pharmacy. Registered pharmacist shall also comply with a dress code of being dressed formally and wearing clean white overall (coat/apron)with a badge displaying the name and registration number.
(c) Registered pharmacists shall display as suffix to their names only recognized pharmacy qualification / degrees or such certificates/diplomas and memberships / honors which confer professional knowledge or recognizes any exemplary qualification/achievements.

4. Owner to appoint registered pharmacist:

(a) The owner of a pharmacy business to which this clause applies shall appoint a registered pharmacist to be responsible for regulations 3. There must be such an appointment in force at all times; otherwise the owner of the pharmacy business shall be deemed contravening the provisions of section 42 of the Pharmacy Practice Regulation Act.
(b) To be effective the notice of appointment must be accompanied by a notice of acceptance of the appointment signed by the appointed person.
(c) An appointment may be revoked by notice given either by the owner of the pharmacy business or by or on behalf of the appointed person. The appointment shall be automatically revoked if the person appointed ceases to be a registered pharmacist.
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