Profit margin in Pharmaceutical Sector (Manufacturer to Retailers)

Profit margin in pharmaceutical business: Retailers: 16-22% Distributors: 8-12% Stockist: 6-10% CFA: 4-8% Company: Vary according to marketing type

Query:

I am a 3rd year B. Pharm student and want to know about What are the profit margins of a pharma business? Kindly Explain in a particular cycle i.e. Profit from a manufacturing company to retailer?

Response:

Profit margin in pharmaceutical business vary company to company. We can’t estimate any company’s margin just by analyzing from outside. We have to involve deeply with company business strategy to calculate the margin in pharmaceutical sector. Profit Margin of chemists, pharmacies, stockists  and Carrying and Forwarding agent (CFA) also vary depend upon many factors like branded medicine, generic medicines, brand value of medicines, otc product, company status, ethical/unethical practice etc.

Here we are going to explain a general profit margin cycle from manufacturer to retailers. First you need to know about distribution channel in pharmaceutical sector through which profit share divides. A distribution channel includes mainly following parts:

  • Company (Manufacturing and/or Marketing Company)
  • Carrying and Forwarding Agent
  • Stockist
  • Distributor
  • Retail/Chemist/Pharmacy

Profit margin should be divide between above five firms/individuals. But actually profit margin will be distributed in another individuals also. That we will discuss later in article. First we start from bottom side. The reason from starting bottom side is that their margins are some what fixed if profit margin is taken ethically.

In case of unethical practice, profit margin may be many times greater than actual profit margins. Unethical practice means selling a medicines by much higher than its actual cost after adding own profit e.g. selling generic medicines at MRP (Maximum Retail Price) but in actual its cost is 4-5 times less than MRP.

Company’s margin vary according to its expenses. A company will handle a big sales team, executives, staff members, workers etc. Company has to invest at stock, machinery, plant, advertisement, promotion and other aspects. How much bigger their expenses, they have to set profit margins accordingly. Sale turnover also affect profit margin.

Bigger sale turnover will provide bigger profit so company can compete in market by taking low margins. Competitors also play role in mrp, trade rates fixation hence profit margins. Many factor affects the profit margin of a company.

Nothing is fixed in pharmaceutical sector. Below margin’s explanation is based upon standards margins. These can be vary as we discussed above and according to company marketing type like branded marketing, generic marketing, franchise marketing, pcd marketing etc.

A retailer/Pharmacy margin is approx. 16-22% percent ethically. Along with margins they also get benefits of scheme and offers provided by companies. Retailers/pharmacies also enjoy credit facilities provided by companies and/or stockists.

A Distributor margin is approx. 8-12%. Distributors could also enjoy some benefits scheme and offers. At distributor level credit facility could be enjoyed.

A Stockist margin is approx. 6-10%. At stockist level  less chances of scheme/offers. Majority of cases a stockist has to invest many in distribution channel by providing advance payment to company/CFA and/or credit facility to distributors.

Carrying and Forwarding Agent (CFA) margin is approx. 4-8%. CFA plays middle man role in majority of cases. They receive stock from company in bulk and distributes it to stockists in small quantity.

Company profit margin is difficult to fix and/or calculate. Many factors affect profit margin fixation. At pharmacy, stockist, distributor and cfa level, there is fixed expenses and running cost. Hence fixed margins don’t affect their money circulation.

But at Company hand lot of things to consider. As we discussed above company profit margin depend at many factors. What could be the possible profit margin that we will understand with a simple example according to their marketing types.

  • Branded Marketing Type Company
  • Generic Marketing Type Company
  • Franchise/Pcd Marketing Type Company
  • Over The Counter (OTC) Marketing Type Company

Suppose a Medicine’s cost after adding all manufacturing expenses* is 30 Rs. Now margin in each type of marketing will be different.

In Branded marketing type, profit margin will be calculated after adding all sales and marketing expenses like Sales Team Salary/Tour Expenses, Doctor’s expenses*, transportation, office staff salary and expenses, promotional expenses and related expenses.

Practically all these expenses cost could not been added in any single product but expenses calculation verses profit margin is based upon all products included in company’s product list.

In Generic Marketing Type, company don’t spend at sales team, doctors etc. Company Fixed a particular margin like 5%, 10%, 20%, 30% etc and dispatch to CFA and/or Stockist. Now their turn how they distribute it at how much profit margin.

In Franchise/Pcd Marketing Type, Company do the same as in Generic marketing Type and fix a particular margin and dispatch goods to CFA and/or Stockist. But in Franchise/Pcd marketing , stockis/CFA has to calculate their profit margin based upon factors we discussed in Branded marketing type like sales team salary/tour expenses, doctor’s expenses, transportation etc.

In Over The Counter Marketing (OTC) Type, company fixed its margin based upon factors like advertisement expenses, sales team salary/tour expenses, transportation, promotion expenses and other related expenses etc.

Above we have discussed about marketing type. That will be applicable for both pharmaceutical marketing company and pharmaceutical manufacturing company when they will sell and/or market their products. Now we will try to find out profit margin of a Pharmaceutical Manufacturing unit/company at manufacturing end.

Pharmaceutical Manufacturing unit get profits by two ways: By Own Marketing and/or By Third Party/Contract Manufacturing/Loan Licensing. By Own Marketing profit margin will be calculated as we discussed above in Marketing type.

Manufacturing companies who reliable at third party/contract manufacturing calculate their margin depend upon batch size, cost of raw material, plant capacity etc. Generally 25-40% margin is added by manufacturing unit at their cost sheet of third party/contract manufacturing rates.

Loan License manufacturing profit margin is different from above mentioned details. In loan license, a manufacturing unit is hired/rented by loan licensee. Loan licensee can manufacture own product at manufacturing unit by own self. Generally rent and manufacturing process expenses is given by loan licensee to manufacturing unit.

Same Profit margin is applicable for Ayurvedic, Food and Dietary Supplements and Cosmetic Industry

Hope this article will be helpful for you to know about profit margin in Pharmaceutical Sector.

For any query and suggestion, mail us at pharmafranchiseehelp@gmail.com

How can a B. Pharm Student Start Small Scale Manufacturing Unit?

Query:I am a final year b.pharm student. I am willing to start a small scale manufacturing unit related to food or cosmetics but I don’t have a clear idea regarding it. Please help and suggest me in what areas i can startup my business in food or cosmetics and also how much time and money will all this process need.Waiting for your reply. Thank you.

Response:Starting own business without any prior experience is not a good idea. You should first take some experience in food or cosmetic industry before starting own manufacturing unit.There are lot of challenges and works that can’t be learn during education, you could only be acquired by industry exposer.

Money and time needed depend at your experience and knowledge. Few person start own business with negligible amount and few start with huge amount. So we will recommend to get some exposer of industry after your education and then go into business.
Read our related article: What should a pharma student do just after graduation? Job or Business!
Documents and procedure for Food Business read at our article: How to start Food supplement business?
For cosmetic industry requirement read our article: How to start Cosmetic Industry in India?
For Pharmaceutical Industry requirement read our article: How to start Pharmaceutical Company?

Hope above information is helpful to you….
For any query and suggestion, mail us at pharmafranchiseehelp@gmail.com

Related Articles:

New Pharma Policy: Would Third Party/Contract Manufacturing be Banned?

As per news circulated through out web, news paper and tv, third party/ contract manufacturing is going to be banned. But we are not sure about source of these news and whether these are true or not. If these are true, then it will not be beneficial for pharmaceutical sector. A large number of manufacturing units and thousands of marketing companies have shut down. This will be great loss to pharmaceutical sector and ultimately medicines will be costlier due to monopoly of few pharmaceutical countries. 

We received queries in this regard from many readers, so we decide to analysis few facts about these news. We will try to find out whether these romours are true or false. Here we are going to discuss about fact which will be change for third party or contract manufacturing. We don’t think, third party or/and contract manufacturing is going to be banned because it is legal phenomena and helpful in growth & new business possibilities. If we study today’s big player in pharmaceutical sector, they started as marketing company. Later they established or overtake manufacturing units. Establishing Marketing Company is much easier than to start a manufacturing unit. If government bans third party/contract manufacturing, then it will effect adversely at pharmaceutical sector growth and will increase unemployment.

Here look at possibilities that would be covered by New Pharma Policy:

In 2006, Draft National Pharmaceutical Policy, Heading Control on Pharmaceutical brands describe a very serious issue. This is what that should have resolved many years ago. This issue was related to brand name resemblance and same brand name for different preparations. For example, We have a Brand Name  Cef for an active ingredient Cefixime and another company is using Cef for an active ingredient Cefpodoxime. Same brand name is using for different active ingredients. 

In second case, Company A and Company B, both are using same Brand Name PAR for paracetamol. This create confusion and lead to misbranding. We have taken a example of only two companies, there are many cases where same brand name is using by number of pharmaceutical companies.  These type of activities have the potential to cause immense harm through mis-prescription and/or wrong dispensing. (We use brand name for sample purpose without checking whether they belong to any company or not. In case these belong to any company, please mail us at pharmafranchiseehelp@gmail.com for correction)
In India there is no appropriate system to rectify these errors, so it was suggested that “branding of drugs and other therapeutics should be brought under the Central drug regulatory system. The drug regulator must be required to maintain a data base on brands and their compositions, and all brand registration of drugs must compulsorily be approved by the drug regulator. In particular, no change should be permitted in the composition of a given brand. Necessary changes would be made in the Drugs & Cosmetics Act, 1940 in this regard.”

Read Related: What would be Trade Margin if government fix margin for Pharmaceutical Products?

Few years back, manufacturing companies got approval with Brand Name, Generic Name and Marketed by companies Name from state drug department which was not a desirable practice when marketing is done at the national level. State authorities wasn’t check for brand name already approved/applied within state and/or approved/applied in other states. So, these types of approvals were stopped and approval from generic names were started to manufacturing companies. Once a generic approval was given to a manufacturing company, it was allowed to manufacture any number of brands with single generic approval. It worsen the condition because drug authorities don’t have any control of manufacturing from Brand Names.

 At present present, manufacturing companies get approval by generic name. So drug department don’t have any control at third/contract party manufacturing and brand name fixed by manufacturing and marketing companies. Brand Name registration is at present come under Intellectual property act only and Intellectual property doesn’t cover composition or active ingredients or any technical detail.  Possibility is there government want to regularized third party manufacturing. Draft National pharmaceutical policy, 2006 suggested to transfer brand name approval to central drug regulatory system. But minimum chances of banning third party manufacturing

As per our analysis, it would be compulsory to take brand approval from central drug regulatory by manufacturing or/and marketing company before launching a new product in market other than generic approval by state authorities. Without that no marketing or/and manufacturing company shouldn’t market a product in Indian market. Brand name approval should be compulsory from central drug regulatory whether a manufacturing company has generic approval from state authorities. It will helpful in controlling brand name conflicts as all approvals will be made from single authorities and all records will be maintained. Banning of third party or/and contract manufacturing is not a solution.

One another hot issue of new drug policy is related to labeling of single active ingredient preparations. It is suggested that all single salt preparations should have only generic name, not brand name. Many developing countries have adopted this label pattern along with many developed countries. In India if this implements, it should be welcomed by pharmaceutical industry. If that happens, A single active ingredient will be like a classical preparation in ayurvedic medicines. A well known Ayurvedic Classical Preparation “Ashokarishta”. We find only company logo like Dabar, Zandu, Elzac etc and Name will be same as Ashokarishta. Likewise only Logo in single pharmaceutical active ingredient preparation would be allowed and salt name will be same below logo.

Hope above information is helpful to you…

For any query and suggestion, mail us at pharmafranchiseehelp@gmail.com

What would be the Trade Margin Under New Pharma Policy?

New Pharma Policy is hot issue in pharmaceutical sector now days. There are many rumours circulating in industry about new pharma policy. Some may be true and some may be false. Most concern rumours are Banning of Contract and Loan License manufacturing, Fixing of Trade margins and removing brand name from single salt preparations. In this article, we are going to discuss about trade margin fixation. If trade margin has fixed then what could be it. Here we are taking the reference of Draft National Pharmaceutical Policy, 2006. Trade margin is complex phenomena and has been the subject of intense debate from time to time. Everyone has own views in this matter. If government fix trade margin then there is maximum possibility, it would be as described below:


Fixation of Trade Margins in Pharmaceutical Sector:
In case Trade Margin is to fixed then the trade margins for different drugs would be:

Drugs under price control (DPCO):

For Both Branded and Generics Drugs
Wholesaler Margin: 8% 

Retailer Margin: 16%

For Other Drugs(Not under Price control):

For Branded and Branded generics

Wholesaler Margin: 10% 
Retailer Margin: 20 %.
For Generics 
Wholesaler Margin: 15% 
Retailer Margin: 35%

All margins would be calculated on the MRP of drug or trade rate.

Related Article: New Pharma Policy: Would Third Party/Contract Manufacturing be Banned?

What is the Difference between Drug and Medicine?

Drug and Medicine are two similar words and can be used as synonyms for each other. Most of persons get confused while differentiating between these. Here we are going to find out the difference between Drug and Medicine:

Have look at definition for Both Drug and Medicine:

Drug: Drug is defined as the all chemical or natural substances capable of being used for therapeutic purposes. The expression Drug also includes narcotics, etc.


Medicine: Medicine is defined as drugs used for therapeutic purposes. All medicines are drugs but all drugs are not medicines.

Form definition of both word one thing is clear. For being a Medicine a substance should possessed the property of Drug. A substance has to fulfill Drug specification first to become a medicine. We will understand it with following example:

Suppose we have five substances named as X, Y, Z, A and B. These five substances have different properties. These substances may be natural, semi-synthetic or synthetic and/or chemical in nature. All substances have therapeutic properties for management of Pain, inflammation and Fever. In technical language these substances are Analgesic, Anti-inflammatory and Anti pyretic therapeutic action.

By Therapeutic action, one thing is clear, all four substances could be classified as Drug. Then what will be the criteria for a drug to become a medicine. Now elaborate other properties of substance X,Y,Z, A and B.

Along with above mentioned therapeutic effect, X is a Steroidal drug having potential side effects, due to which X is not using in treatment, cure and management of any disease.
Y is an Non steroidal Anti Inflammatory Drug (NSAID) which requires more trials and research to be launched into market.
Z is a drug substance claimed for Analgesic, Anti-inflammatory and Anti pyretic therapeutic action but scientific data or literature for supporting this claim is not available in any type of therapy.
A is a NSAID which is used for claimed indications by healthcare professionals.
B is a steroid drug which has serious side effects but any other substitute is not available and use for claimed indications by healthcare professionals.

Form above five which drugs fulfill the criteria to become a drug. Drugs which are still used for claimed indications by healthcare professionals. Now we got the point. X,Y,Z,A and B are drugs but only A and B are used for claimed indication for curing, treating and managing any particular disease and/or condition. So, A and B will be termed as Medicine also.

Hope above information is helpful to you…

For any query and suggestion, mail us at pharmafranchiseehelp@gmail.com

Related Articles:

What is the Similarities and Difference between Compounding and Dispensing?

Compounding and Dispensing are two known words used in Pharmacy. Most of new comers get confused in differentiating between these two.Here we are going to elaborate both terms separately to provide better understanding.

Related Articles: What does it mean by Compounding, Dispensing, Patient counselling and Pharmaceutical Care?

Similarity between Compounding and Dispensing:

  • Both processes are performed against prescription of Registered Medical Practitioner.
  • Both could be performed at same place simultaneously (Only in Pharmacy).
  • Both requires supervision and presence of a Registered Pharmacist.

Difference between Compounding and Dispensing:

  • Compounding involves preparation, mixing, labeling and packing of a drug/medicine whereas Dispensing involves giving already available packed medicine/drug manufactured by pharmaceutical manufacturers to patient or patient’s caretaker by evaluation of prescription.
  • Compounding could be performed only in Pharmacy whereas Dispensing is performed in Pharmacy and Druggist/Chemist both places.
  • Technical Knowledge is required for compounding, so it must be carried out by Pharmacist itself where as Dispensing doesn’t require deep technical knowledge, so it can be carried out by helper under supervision of Pharmacist.
  • Standard references should be followed during compounding and compounded medicines should be labeled properly whereas dispensing doesn’t necessarily needs standard reference to follow because already packed medicines/drugs involves in the process.

Hope above information is helpful to you…
For any query and suggestion, mail us at pharmafranchiseehelp@gmail.com

Related Articles:

What does it mean by Compounding, Dispensing, Patient counselling and Pharmaceutical Care?

What is Pharmacy Compounding?

Compounding is the the preparation, mixing, assembling, packing or labeling of a drug or device against prescription of a Registered Medical Practitioner for catering special need of a patient in Pharmacy by a Registered Pharmacist or/and for the purpose of research, manufacturing, teaching, clinical trial or chemical analysis including drug analysis and not for sale or dispensing.

What is Dispensing?

Dispensing is the interpretation, evaluation, supply and implementation of a prescription, drug order, including the preparation and delivery of a drug or device to a patient or patient’s caretaker in a suitable container appropriately labeled for subsequent administration to, or use by, a patient by a Registered Pharmacist against prescription of a Registered Medical Practitioner.

What is Patient Counseling?

Patient counseling is the oral communication by the pharmacist of information to the patient or caregiver, in order to ensure proper use of drugs and devices.

What is Pharmaceutical Care?

Pharmaceutical care is the provision of drug therapy and other patient care services intended to achieve outcomes related to the care or prevention of a disease, elimination or reduction of a patient’s symptoms, or arresting or slowing of a disease process, as defined by the Pharmacy Council of India.

Related Articles:

Top Five Indian Pharmaceutical Manufacturers in United States Pharmaceutical Market

India is the one of the biggest supplier of generic medicines to USA. India and USA are strong relationship while we talk about pharmaceutical and healthcare sector. India is second largest supplier of generic medicines to USA where as USA add 40 percent in total revenue of top four Indian Pharmaceutical manufacturers.

In recent time, due to change of US import policy has impacted Indian Pharmaceutical Exporter to USA. US administration’s policy of reducing import has created trouble for these exporters. Although these manufacturers have their own plants in USA but there major revenue portion come from importing medicines from India. After change in import policy of USA, Indian Pharmaceutical Companies has to change its policies and has to increased acquisition and merger of USA Pharmaceutical Companies or setting-up more manufacturing facilities in USA to keep their presence into US pharmaceutical Market.

Top Five Indian Pharmaceutical Manufacturers who has their own plants in USA:

1. Sun Pharma
Sun Pharma is 4th largest Speciality Generic Pharmaceutical Company in world having its operation in More than 150 countries and 5 continents. Sun Pharma is also largest Indian Pharma Company in the US. The Company was established by Dilip Shangvi in 1983. The company has strong presence into American Generic Market and has become Brand in US. Sun Pharma has 45 (API and Finished Goods) manufacturing unit across world. These manufacturing units are located in India, the US, Brazil, Canada, Egypt, Hungary, Israel, Bangladesh, Mexico, Romania, Ireland, Morocco, Nigeria, South Africa and Malaysia. In US, Sun Pharma has 7 own finished goods manufacturing units and one API manufacturing unit. These units are located in Philadelphia, Detroit, Wilmington, Chicago, Cranbury, New Brunswick, North Brunswick and API unit is located in Chattanooga. Sun Pharma first created its presence in US pharma market in 1996.

2. Lupin

Lupin Pharmaceuticals, Inc. entered the U.S. generic pharmaceutical market in 2003 with the ANDA approval for Cefuroxime Axetil Tablets. Since then Lupin has received more than 75 FDA approvals and have become one of the fastest growing pharmaceutical companies in the US. Lupin Limited, has its headquartered in Mumbai, India founded by Desh Bandhu Gupta.
The United States remains Lupin’s largest and most important market with 48% share of total revenues. In March 2016, the Company completed its acquisition of US-based GAVIS Pharmaceuticals LLC and Novel Laboratories Inc. (GAVIS). The Somerset, New Jersey is the Company’s first manufacturing site in the US. In FY 2017 Lupin’s US revenues surpassed the USD 1 billion mark, closing at USD 1,207 million, a growth of 37% over FY 2016 revenues of USD 883 million. The revenues from Lupin’s Brands business were USD 78 million, while the Generics business clocked in revenues of USD 1,129 million. 

Dr. Reddy’s Laboratories is a Hyderabad, Telangana based Indian multinational pharmaceutical company founded in 1984 by Dr. K. Anil Reddy. Dr Reddy’s supplies Generic medicines to more then 80 countries world wide. In the year 1997, Dr. Reddy filled first ANDA with the United States Food and Drug Administration for Ranitidine. Dr. Reddy became the first Indian company to win 180-day exclusivity for a generic drug in the US. Also, Dr. Reddy launched their first generic product, Ranitidine, in the US market. In the year 2003, Dr. Reddy launched Ibuprofen, first generic product to be marketed under the ‘Dr. Reddy’s’ label in the US. During the year 2010-11, the company acquired GlaxoSmithKline’s (GSK) oral penicillin manufacturing facility located in Tennessee, USA. Dr. Reddy has its three manufacturing units in USA located at Shreveport (Louisiana), Bristol (Tennessee) and Middleburgh (New York). Dr. Reddy’s Laboratories Inc. has its American office located in Princeton, New jersey.

4. Cipla
Cipla is an Indian Multinational Pharmaceutical having its headquarter in Mumbai, India founded by Dr. Khwaja Abdul Hamied as The Chemical, Industrial and Pharmaceutical Laboratories in 1935 which is then shorted to Cipla ltd in 1984. Cipla has its presence in more than 100 countries. Cipla USA Inc., the US subsidiary of Cipla Limited, is based in Miami, FL. Cipla started US market in 1985, when Cipla became the first Indian company to receive US FDA approval. Cipla has place in top fifteen generic pharmaceutical companies in USA. Cipla completed acquisition of InvaGen Pharmaceuticals Inc. and Exelan Pharmaceuticals Inc. in USA to increase its presence.  InvaGen has 3 manufacturing units with ~350,000 sq.ft. manufacturing and R&D area and about 500 employees specialized in different fields. 

Aurobindo Pharma Limited is an Indian Pharmaceutical having its headquarter in HITEC city, Hyderabad, India founded in 1986 by P.V. Ramprasad Reddy and K. Nityananda Reddy. Aurobindo Pharma USA Inc. operates as a subsidiary of Aurobindo Pharma Limited manufactures generic pharmaceutical drugs. The company was incorporated in 2004 and is based in Dayton, New Jersey.  Aurolife is a 100% owned subsidiary of Aurobindo Pharma USA Inc (APUSA) has 100,000 square feet state-of-the-art US FDA approved cGMP compliant manufacturing facility. 

Hope above information is Helpful to you…
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Pharmacy, Pharmacist and Pharmacy Education. Every Thing you Need To Know?

Complete detail about Pharmacy Profession. Click at article about Pharmacy Profession and business you want to read

If your query is not present in above linked articles, then mail your query at pharmafranchiseehelp@gmail.com

Most Highest Profitable Business Opportunities in Pharmaceutical, Ayurvedic and Food Sector!

Most-Highest-Profitable-Business-Opportunities-in-Pharmaceutical-Ayurvedic-and-Food-Sector

Pharmaceutical Business is one of most profitable business throughout world. Main problem that is faced by most of person are from where to start, what are the legal and documentation formalities whether they are from pharma background or from any other background. Here we are going to prepare a list of businesses that are highest margin business in pharmaceutical business opportunities along with Ayurvedic and Food Sector:


1. Pharmaceutical Marketing/Distribution Company

Licenses and Legal Formalities:

How to Sell?

2. Pharmaceutical Manufacturing Company

Licenses and Legal Formalities:

How to Sell?

3. Carrying and Forwarding Agent (C&F)

Licenses and Legal Formalities:

How to Sell?

4. Wholesaler/Distributor/Stockist
Licenses and Legal Formalities:

How to Sell?

5. Pharmacy/Chemist/Druggist

Licenses and Legal Formalities:

How to Sell?

6. PCD Pharma and Pharma Franchise Marketing and Distribution

Licenses and Legal Formalities:

  • Wholesale Distribution Agency; or/and
  • Appoint a Wholesaler or Distributor

How to Sell?

  • Prescription Marketing
  • Generic Marketing
  • Pcd/Franchise Marketing
  • OTC Marketing
  • Institutional Sales (Hospitals, Tenders etc)
  • Export

7. Pharmaceutical Raw Material Supplier

Licenses and Legal Formalities:

  • Wholesale Bulk Drug License Number
  • Goods and Service Tax Identification Number
  • Shop Registration (if Applicable)

How to Sell?

  • Supply to Pharmaceutical Manufacturers
  • Institutional Sales

8. Pharmaceutical Raw Material Manufacturing

Licenses and Legal Formalities:

  • Company Registration
  • Bulk Drug Manufacturing License Number
  • Bulk Drug Wholesale License Number
  • Goods and Service Tax Identification Number

How to Sell?

  • Supply to Pharmaceutical Manufacturers
  • Raw Material Suppliers
  • Institutional Sales

 

9. Ayurvedic Marketing /Distribution Company
Licenses and Legal Formalities:

  • Company Registration
  • Goods and Service Tax Identification Number

How to Sell?

  • Prescription Marketing
  • Generic Marketing
  • Pcd/Franchise Marketing
  • OTC Marketing
  • Institutional Sales (Hospitals, Tenders etc)
  • Export
10. Ayurvedic Manufacturing CompanyLicenses and Legal Formalities:

How to Sell?

  • Direct Marketing ( Marketing type mentioned for marketing/Distribution company)
  • Third Party/Contract Manufacturing

11. Food and Dietary Supplements (Nutraceutical) marketing Company

Licenses and Legal Formalities:

How to Sell?

  • Prescription Marketing
  • Generic Marketing
  • Pcd/Franchise Marketing
  • OTC Marketing
  • Institutional Sales (Hospitals, Tenders etc)
  • Export
12. Food and Dietary Supplements (Nutraceutical) manufacturing CompanyLicenses and Legal Formalities:

How to Sell?

  • Direct Marketing ( Marketing type mentioned for marketing/Distribution company)
  • Third Party/Contract Manufacturing

13. Cosmetic Marketing/Distribution Company

Licenses and Legal Formalities:

  • Company Registration
  • Goods and Service Tax Identification Number

How to Sell?

  • Prescription Marketing
  • Generic Marketing
  • Pcd/Franchise Marketing
  • OTC Marketing
  • Institutional Sales (Hospitals, Tenders etc)
  • Export

14. Cosmetic Manufacturing Company

Licenses and Legal Formalities:

How to Sell?

  • Direct Marketing ( Marketing type mentioned for marketing/Distribution company)
  • Third Party/Contract Manufacturing

15. Printing and Packaging Material Manufacturer and Supplier

Licenses and Legal Formalities:

  • Company Registration
  • Any Legal Requirement for setting-up printing industry
  • Goods and Service Tax Identification Number

How to Sell?

16. Machinery/Equipment Manufacturer and Supplier
Licenses and Legal Formalities:

  • Company Registration
  • Any Legal Requirement for setting-up machinery or lab equipment industry
  • Goods and Service Tax Identification Number

How to Sell?

17. Consultancy and Legal Service FirmLicenses and Legal Formalities:

  • Firm Registration
  • Goods and Service Tax Identification Number
  • Legal Qualification (If required)

How to Sell?

  • Plant or/and New Company Set-up
  • Legal matter Consultancy
  • Placement and Man Power Provider
  • Marketing, advertisement and administration Support etc

18. Blogging and/or Industry Informational Website

Licenses and Legal Formalities:

How to Sell?

  • Write information articles, Videos, designs and/or News
  • Share through Social media, Website, Blog
  • Earn through Adsense or other online advertising tools
 
19. Pet/Glass Bottle, Cap Manufacturer and SupplierLicenses and Legal Formalities:

  • Company Registration
  • Any Legal Requirement for setting-up these industry
  • Goods and Service Tax Identification Number

How to Sell?

  • Supply bottle and caps to Manufacturing Companies
Hope above information is helpful to you…
For any query and suggestion, mail us at pharmafranchiseehelp@gmail.com