What is Maximum Retail Price (MRP)? Maximum Retail Price (MRP) is the maximum price of any product at which a product/service can be sold out to consumer. It is final maximum cost that a consumer has to pay to purchase any product/service. It is inclusive or all taxes. Some persons ask about how to calculate …
FSSAI has made mandatory for all food business operators whether they are manufacturer or marketer or distributor/supplier/retailer to take license or register them online under FSSAI portal. Manufacturing companies have to take license of manufacturing under state licensing or central licensing system. Marketing companies need to register only under their portal. If pharma companies or …
We have studied in our other articles and processes to start pharmaceutical, cosmetic, ayurvedic and nutraceutical company. In this article we will discuss about trademark registration process, procedure, documents, requirements, difference between objection/opposed, advantage, FAQ and other related details. For starting a company, a person require to complete below steps. If you are a pharmaceutical …
What are the OTC products in pharmaceutical industry? OTC products ( also known as over the counter products) which can be sell out without prescription by pharmacies or chemist. These products doesn’t come under scheduled drugs. Most commonly otc products are protein powders, multivitamins, pain gels, fungal infection creams etc. These products also includes cosmetic, …
Here we are going to discuss unconventional method for prescription generation and establishing a brand in pharmaceutical competitive market. How can we convince a doctor to prescribe our medicine’s brand against multinational companies brand. We can’t say, our product’s quality is much better than Cipla or Sun pharma or Pfizer or Dabur etc . Our relationship with …
Query: I m MBA marketing along with 6 years experience in pharma marketing also. Recently I am work at mankind pharma want to start own business in pharma… kindly guide me!!! Response: Opening a pharma business is great option for experienced persons. You have many options for starting pharma business. You can start retail …
Query: I want to start my own pharma marketing company and I want to start it in minimum amount but I am very much confused about product selection means initially what product would good to manufactured. Currently I am working in Neuropsychetric division of reputed Indian company. and I am MBA in pharma. Response: Read …
Query: I want to start my own pharma company. I want to work mainly in vitamins, minerals, Herbal and Ayurvedic Product. My self a BAMS doctor and completing Master of Public Health. I don’t have pharmacist. So it is possible to work without pharmacist in above mentioned field? I don’t have good financial support so please guide …
Query: Our charitable trust want to open generic medicines drug store in Gurudwara sahib. We need to know the whole procedure for license requirements and legal formalities. Response: For Generic medicine store, you also need to take Retail Drug License as required for a general chemist shop. You should have minimum of 10 square meter area in shop or …
Pharmaceutical franchise distributors or marketing professionals are backbone for franchise companies. They are the actual sale generator and key player in market. They are primary customers for pharma franchise companies. With respect of their method of work, we can divide these distributors in two categories. Commonly Pharma pcd/Franchise distributors are of two types. Single Party …