Query:
I want to start a pharma wholesale dealership of ethical branded pharma products to hospitals. have experience of managing a pharmacy in a hospital setting for a year. have contacts with a few hospitals for supplying. How should I go about it?
Response:
You can search a company who haven’t any dealer in your area. First you will need to create a wholesale firm having wholesale drug license number and sale tax number. Read whole requirements for whole sale drug license here and GST Number here
After setting-up wholesale firm, you will require distribution of a company. This will most important and challenging work to find a ethical branded company for distribution. You have to contact number of pharma companies and ask them about distribution-ship in your area. If some is vacant there, they will provide you distribution.
Hospital supply is good option. Ethical branded companies sell their products at only doctors prescription. In that case doctor’s prescription is only way for their sales and yours too. Company’s medical representatives will generate sale from doctors and you will supply to them.
As you have mentioned, you have contacts with few hospitals. You can take franchise of any pharma franchise company and start distributing and promoting these products at monopoly basis.
Read in detail about What is Pharma Franchise and How it works?
Hope above information was useful to you…
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