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What is Pharma Franchise Model? A blog about how franchising works in pharma.

In this article I will tell you about the Pharma Franchise Model and how it is different from other franchise models. Along with Pharma Franchise, I will drop you some basic knowledge about the entire franchise model. Franchise marketing meaning varies from industry to industry. A franchise is a model of distribution and represents the most common business structure that enables the franchisor to capture recurring business from their franchisees. The franchisees are then able to earn profits from the same set of rules, systems and standardized products sold by other franchises across the country. In today's world of marketing, franchising has emerged as a lucrative option for new ventures as it simplifies and streamline the process of starting a business. With so much advanced equipment, efficient manpower, trained professionals etc., many entrepreneurs find it financially rewarding to take up a franchise business. What is Franchising? Franchising is a business strategy that involv
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Difference between over the counter drugs and Prescription drugs

Drugs can be divided into two categories depend at how we can sell a drug.
  • Prescription drugs
  • Over the Counter (OTC) drugs
Irrespective of any type of drug whether it is a branded drugs or generic drugs, drug can be sold out only either against prescription or as an OTC drugs.

Difference Between Over the Counter drugs and Prescription drugs

Prescription Drugs: These drugs have serious side effects if taken without supervision of registered medical practitioner. Hence these drugs can be sold out only against prescription of registered medical practitioner only.

The Drugs that can't be sold without prescription of registered medical practitioner are known as Prescription Drugs.

Check out: Prescription drug list in India here

Over the Counter Drugs: Some drugs with time have been proven to be effective without any serious side effects. Hence these medicines are allowed to be sold by pharmacies and chemist without prescription of registered medical practitioner. 

The drugs that can be sold without prescription of registered medical practitioner is known as Over the Counter (OTC) drugs.

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