Query:

I am chemical engineer and have 15 years experience in API
manufacturing, but I want to start up pharma business. Budget .
10-12 lakh
Proposal of 10 drugs sale
I want third party manufacturing and but selling in market my own company.
-HOW I WILL GET THE DRUG LICENCE
AND ALSO TELL WHAT ARE THE OTHER REQUIREMENTS.
May you please give the names of consultancy that can help me in start of my business.

Response:

You can apply for drug license at local drug inspector office where you want to start company. Complete detail of documents to start pharmaceutical marketing company read here

You will require wholesale drug license and sale tax number at initial step. Your budget seems to be good for starting pharma company. You want to get manufactured your products at third party basis. You can choose good third party manufacturers. Read about Third Party Manufacturing Process here.

Third party manufacturing is not big issue. Main issue you can face is selling of your product because you don’t have sale or marketing experience. You have to choose marketing type by which yo want to sell your products. Read here about marketing types in pharmaceutical sector.

Hope above information was useful to you…
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