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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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Who controls the pharmaceutical industry?

In India, the pharmaceutical industry is one of the most regulated industry. Pharmaceutical Industry is regulated through Drug and Cosmetic Act & Rules. The Drugs and Cosmetics Act & rules regulates the import, manufacture, distribution and sale of drugs in India along with other regulations 7 act like Drugs (Price Control) Order, The pharmacy act, 1948, The Drugs and Magic Remedies (Objectionable Advertisement) Act, 1954, The Narcotic Drugs and Psychotropic Substances Act, 1985 etc.

These regulations is implemented through licensing system. For conducting any type of business in pharmaceutical i.e. import, manufacture, distribution, retail, dispense, sale etc, there is requirement of particular license and registration. 

Drug license helps the government monitor and regulate the import, export, manufacture, distribution and sale of medicines in India, making your business credible and trustworthy. 

Check out: One of Best Ayurvedic Manufacturing Company in India



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