Category: Pharma Business
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How to Start Fast Moving Consumer Goods (FMCG) Business?
FMCG (Fast Moving Consumer Goods) are the products that are sold quickly and at a relatively low cost. FMCG includes generally household goods, packed foods, beverages, toiletries, over the counter drugs, dietary supplements and other products. FMCG sector is fourth largest sector in India. In 2017-18, FMCG sector has grown to US$ 52.8 billion from…
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Is Drug License required at marketed by address while setting up Pharmaceutical Marketing Company?
This is the most frequently asked question by new start-ups and new comers starting marketed by company. In this article, we will try to find out whether you will need drug license at address you are showing as marketed by address or not. There are lot of confusion regarding this matter among pharma professionals. There…
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Online Pharmacy industry in India is expected to reach $2.7 billion by 2023
Online pharmacy is a controversial term in India. It is legalize or not, is matter of discussion and legal case is pending in High Court. On Dec.12, the Delhi high court ordered a complete ban on online pharmacies across the country with immediate effect, asking the central government to implement the order. But Soon Madras High Court…
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Top most Business Opportunities in Pharmaceutical/Ayurvedic Sector
If you are worrying about what are the pharma business opportunities available in India? What business can you start in growing Pharmaceutical/Ayurvedic sector? Here we are providing few quick businesses in these areas: Pharmaceutical Business is one of most profitable business throughout world. Main problem that is faced by most of person are from where…
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How to match sale and purchase stock if company give free goods?
Query 1: If any company gives offer, how to show it in sales, because it’s free . If shown, purchase and sales do not match how to solve this problem it ? Query 2: If we are selling free goods. Purchase will be less than sales. how to manage this problem ? Response: Free goods…
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What should a pharma student do just after graduation? Job or Business!
Query: I am pursuing B.pharma (3rd yr) looking for a business or job . I have knowledge of medicines and marketing . I know it needs large amount of money to start business in pharmacy profession . If you have any idea for small scale business or any job.Please tell me .I will be very…
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How to make Best Product List for New Pharmaceutical Company?
After setting-up Pharmaceutical Company (Whether it is Pharmaceutical Marketing Company or Pharmaceutical Manufacturing Company) product selection is prime factor in success and/or failure of any set-up. One side latest molecules we provide benefits in competition, on another side running molecules will boast sale. So it’s most crucial step for any start-up. Here we are going…
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How to Design & Procure Company Logo, Company Profile, Brand names, Trade mark, Packing and promotion material?
Query: Thanks for the valuable articles on “How to Start Pharmaceutical (Marketing/Trading) Company in India?” I am ————-, completed my Master of Pharmacy in pharmaceutical Management & Regulatory affairs (PMRA), in 2013, having 1 year experience in pharma marketing & 1 Year in Pharma Regulatory affairs too. Two of my friends and me want to…
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Does drug license number require for mouthwash and toothpaste?
Query: Do we require drug license number for mouthwash and toothpaste sale & purchase, and Marketing? Response: If mouthwash and toothpaste is medicated and fall under drug and cosmetic act & rule then you require drug license number. For mouthwashes or toothpastes fall under Herbal, Ayurvedic or cosmetic preparation and udyog adhaar then doesn’t…
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Why pharma marketing is a slow process?
For non professionals, pharma business is lucrative business. They consider it as huge margin market. No excuses, it was margin able market but in today circumstances, it’s one of the top most competitive market. Not sure but there should be above 40000 pharma companies (small or big) located throughout India. Every day new pharma company…