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How to calculate Maximum retail price (MRP)?

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 …

How to Start Food and Dietary Supplement Company? FSSAI Registration and Licensing for Food business Operators.

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 …

How to Apply for A Trademark Registration?

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 Over the counter Products? How to start OTC (Over the counter) related products distribution?

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, …

How to Start Generic Medicine Drug Store?

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 …

Types of Pharma franchise/pcd distributors and marketing persons

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 …

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