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Showing posts from January, 2022

The Complex Factors that Influence Drug Prices

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

Can I get a office at a location to mention Marketed by on labels?

Query: I went through the below mentioned url, thank you for the content. In the second paragraph "what can you do now" is my part of interest, can you please confirm if I get a office at a location to mention Marketed by on labels but no wholesale license is legally workable? https://pharmafranchisehelp.com/drug-license-marketed-by-address-pharmaceutical-marketing-company/ Response: Wholesale drug license is required at the location where you will store, receive, dispatch and bill medicines. You can't store and receive medicine at place where you don't have wholesale drug license but it is not compulsion to have wholesale drug license at location where a pharma company situates their office for sales and marketing purpose only and no storage, receiving, dispatch, exhibition, offer for sale of drugs at that location. So, technically you could have an office at a location where you don't have a wholesale drug license.

How to become a Drug Inspector? Qualifications, Power, Duties etc.

Who is Drug Inspector? Drug Inspector is a person who are authorized by Central Government or a State Government for purpose of regulating law and order related to the drugs or classes of drugs or cosmetics or classes of cosmetics etc. How to become Drug Inspector? For becoming drug inspector you need to passed the qualification in  degree in Pharmacy  or Pharmaceutical Sciences or Medicine with specialization in Clinical Pharmacology or Microbiology from a University established in India by law. And after that qualification a person should have more than 18 months‘ experience in the manufacturing of pharmaceutical substances specified. After completing above requirements, you need to pass out test conducted by state or central government time to time depend at availability of post available. After test pass, person has to crack interview part. After completing that procedure, you can become drug inspection. Inspectors Definition Under Drug and Cosmetic Act Drug Inspector is appointed

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