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Query: I am plan graduate with Arts. I have a unani medicine whole sale shop but I want to start allopathic wholesale shop but I don’t have any medical certificate like B. Pharmacy etc. So can I start this? Response: For selling unani medicine as a wholesaler, you don’t require having any license but for …
In this article, we will cover following topic about Pharmacy Business: Definition of Pharmacy Difference between Pharmacy and Chemist Shop Area required and premises specifications Competent Person (Pharmacist) Documents and Requirements How to Start/ Procedure to start Investment Required Inspection Profit Margin FSSAI Registration Shop Registration Pharmacy and Chemist shops are last part of 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, …
Building good Distribution Channel is most important aspect of any business. Distribution channel also known as Distribution Chain/Supply Chain etc. All sales effort become zero if company don’t have good distribution channel. Timely availability of products at desired place is prime motive of any distribution channel. As we have discussed in previous article about marketing …
In India, There is no special provision or act present that can describe, regulate and specify E-Pharmacy/Online Pharmacy. At present E-Pharmacy/Online Pharmacy is regulated through Drug and Cosmetic Act and Rules & Honorable High Court orders. Department of Health & Family welfare has published a draft to amend Drug and Cosmetic Rules, 1945 to regulate …
Query: How to I change medicine distributorship proprietorship from My mother name to my name? Response: For changing proprietorship of medicine distribution agency, you have to apply for change of proprietorship of agency at local Drug Inspector Office. Visit your local Drug Inspector office and apply for change of proprietorship of distribution …
Wholesalers and retailers are important part of distribution channel in every sector. Wholesalers and Retailers are interconnected and dependent at each other for their requirements. To differentiate between these two, first we have to understand about both of them: Wholesalers: Wholesalers are the dealers or his agents who deals in supplying products to retailers, pharmacies, …
Query: Please provide actual difference between Distributor & wholesaler in Pharma Sector. Response: Distributor and Wholesaler are two corresponded words. we use both word for each other. There is very difficult to differentiate between these two. Distributors and wholesalers are an important part of Distribution Channel. Both are not in direct contact with consumers. There …
Query: Is the margin of pharma retailers in India based on MRP inclusive GST or excluded of GST ? What is the margin of retailers in India? Response: Retailer margin in India is based at PTR (Price to Retailer), not at MRP. Suppose if retailer margin is 20% then it would be calculates …
Query: I need to know, can I start wholesale business only for cardiac care while providing medicine to patient directly.Also have partnership with local doctors to send patients directly to my wholesale unit only for cardiac care as it provides medicine at lower prices to patients directly. Response: Whether cardiac or any other …