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
Query:
I'm a BCom final year student and working in a medical wholesale shop.
I wanna know that how can I be eligible to open my own medical wholesale shop.
It's just that I heard, one needs 1 year experience after graduation in any degree to apply for wholesale license.
Is it true???
I wanna know that how can I be eligible to open my own medical wholesale shop.
It's just that I heard, one needs 1 year experience after graduation in any degree to apply for wholesale license.
Is it true???
Response:
Yes, You could be eligible for taking a wholesale drug license by having one year experience after graduation. But granting a wholesale drug to an experienced person is a decision of licensing authority. They may grant or reject based upon many factors that vary from state to state and district to district.Check out:
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