How can a Doctor Start Pharma Company?

Query:
I’m looking to start my own pharmaceutical marketing company and I need your expertise in clarifying few areas of concern.
1. I am a doctor by profession and I run a nursing home in my home town so if I am looking forward to start a new company can I start in my own hospital premises preferably top floor or do I need to find a new place/rented one i.e is it okay to start in hospital premises(note:I don’t have any other office space as of now)
2. Can the ownership be made in my name or do I need to nominate any other person since I am a doctor

P.S: kindly revert to me back via mail and I ask you not to disclose my query in any other forum/3rd party clients

Response:

1. There is condition for Drug License (Wholesale/Distributor/Stockist Drug License) that premises should be a separate and independent. You can start your company at Top floor (preferably first or second) and take drug license but that floor should fulfill minimum requirement for wholesale drug license.
2. You can be owner of pharmaceutical marketing company irrespective of your Doctor profession but you will need to hire a registered pharmacist for taking wholesale drug license.

We don’t disclose our any reader information to any third party or forum. We only use our reader’s query (without disclosing identity or personnel information) to post at our blog with answer so our other readers can be benefited with it.

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

How to start Online Pharmacy in India?

Query:

What is the procedure to open a online pharmacy in India?

 

Response:

In India, There is no special provision or act present that can describe, regulate and specify online pharmacy. Online Pharmacies also follow drug and Cosmetic Act and Rules made there under. Along with Drug and Cosmetic Act, it should also follow the rule and regulation mentioned under Information Technology Act.

For setting-up online pharmacy, you will require to either set-up own online pharmacy website/mobile app or need to create seller account at existing online pharmacy portals.

Before setting-up own online pharmacy website/app or making seller account at existing online pharmacy portal, you need to set-up a physical pharmacy as in case of traditional pharmacy. Requirement and document will be same for online pharmacy as we have discussed in our article: How to start Pharmacy in India?

You will require a pharmacist at your online pharmacy for receiving and processing prescription uploaded by patient or his care taker. Offline Pharmacy set-up is mandatory for selling medicine online with complete documents and procedure.

Here we take a short look at documents and necessities for starting Offline Store First and then sell medicine online.

Licenses required:

  • Retail Drug License
  • GST number

Retail Drug License:

Retail drug license is issued by District Drug Control Officer who provide drug license as per guidelines issued by State Drug Control Officer. You need to visit district drug control office for applying retail drug license number. Procedure for applying retail drug license may be online or offline as per state policy, you are going to apply.

Requirement and documents for Setting UP Online Pharmacy:

  • Area required: Minimum of 100 square feet
  • Registered Pharmacist: All related documents photocopy will be attached along with Drug License application form
  • Rent agreement or ownership proof of premises
  • Blue print of premises (3 copies)
  • Address Proof of Premises
  • Refrigerator and Air conditional Purchase Bill

Goods and Service Tax Number (GST):

GST is mandatory for firm having annual turnover above 20 lac but in case of online sale GST may be compulsory for all firms/persons having any amount of annual turnover. Read complete detail about applying Goods and Service Tax Identification Number here

After taking retail drug license and GST number, you need to set-up online presence. Online presence could be set-up by either building own e-commerce pharmacy website/app or creating a seller account at already present online pharmacy websites/apps.

Completing above step, you can start selling medicines and drugs online.

What’s coming new:

Government is in process to regulate online sale of medicine by making amendment in Drug and Cosmetic Act and Rule. For knowing new regulations and amendments, we have to wait for new government policy.

Online Pharmacies could have to follow following provisions:

  • Requires a valid Prescription
  • Online Pharmacy should have Physical Address so drug authority can inspect quality and standards of online pharmacy store
  • Government is planning to launch a common portal where all online pharmacies must have registered their self.
  • Online Pharmacy License will be issued by State Drug Control Authority.
  • Presence of Pharmacist is must for collecting prescription and answering the questions of the consumers.
  • Pharmacy can’t dispense habit forming medicines and schedule X drugs.
  • Prescription Drugs (Schedule H and Schedule H1) can only be sell out against a valid doctor prescription.
  • Online Pharmacies have to comply with e-commerce standards covered under IT act, 2000.

Hope above information is helpful to you…

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

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

Can I change my college after my 1st year in B. Pharmacy?

Query:I was a bright very bright student from beginning. I got –% in 10th SSC and –% in 11th.
But this time my luck wasn’t with me. And unfortunately i scored only –% in 12th HSC and 91 in CET.
Because if this low marks I wont get admission in good collages like Mumbai university.
So for now I am taking admission in ——— pharmacy college.
Sir, i wanted to ask that, can I change my college after my 1st year in pharmacy if i score 90%+ in my first year ? Or i have to continue in same college for 4 year and complete my full course in same collage ??
Thank you.
Waiting for your wise advise.
P.S. I loved your blog.
Response:

You can’t change college after first year based upon your percentage marks or any other reason. In one condition, you can change college if your current college is ready to give migration certificate and joining college has vacant sheets in 2nd year.You should confirm to your college whether you can get migration after 1st year or not. Possibility is there you couldn’t get migration. But you shouldn’t care about which college you get admission. You need to concentrate at your your study and career.

Hope above information is helpful to you…

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