In the franchise mode, a pharmaceutical company gives the authority to market the products to the resellers. The franchise gets not only the business rights but the required support as well. The model is an effective and efficient channel of distribution in India. All big and successful pharma companies have been using it for decades. With the […]
Many people think that the Pharmaceutical sector is different from other areas. It is a prescription-based business where the sales figures largely depend on how frequently doctors are recommending the product. However, it is not the only thing that determines the success of a product. A PCD business, for example, is not dependent on doctor’s […]
FUTURE OF PHARMACY BUSINESS IN INDIA India has shown significant growth in the last few decades. It is one of the strongest economies in the world today. Though every sector has performed well, industries such as pharmacy have grown remarkably well. Not only entrepreneurs but people aspiring for making a bright career in pharmacy also […]
STEP BY STEP GUIDE FOR LAUNCHING A GENERIC PHARMACEUTICAL UNIT Once you decide to launch a pharmaceutical company, now it is time to prepare for it. You must remember that manufacturing generic medicine is a specialized process. You should find out experienced people who have a rich experience in the niche. It makes the things quite […]
TIPS FOR FRANCHISE OF A PHARMA COMPANY IN INDIA Taking franchise of a pharma company is at boom everywhere around the world. People are earning big profits because of the ever-increasing demand for healthcare services. Since the business looks lucrative, young and aspiring entrepreneurs want to build their career in the niche. It takes efforts to start […]
THE BASIC REQUIREMENTS TO START A WHOLESALE PHARMACY BUSINESS If you rate the most successful business in India, then pharmacy business will get a high score. It is not influenced by monetary cycles. Start your wholesale pharmacy business after completing the formalities and reap big profits. As the awareness of health and fitness increases, and medical facilities attain new […]
Start Pharmaceutical Manufacturing Unit – The government of India is keen to promote the Make In India movement by giving maximum facilities and support to the startup industries. The efforts are being made to make the processes and procedures as lightweight as possible. Online processing of applications increase transparency and minimizes the corruption and malpractices. If […]
Excited about doing something different after completing your Pharma degree? Well, there are many choices other than seeking a career in a pharma company. The scenario in India is changing rapidly and thanks to the encouragement and facilitation by the Government of India, youth have several choices for shaping their careers. Starting a pharma franchise business is […]
PHARMA FRANCHISE – A NEW WAY TO RISE IN THE PHARMACEUTICAL INDUSTRY Propaganda cum distributorship or PCD in short, has been a buzzword in the pharmaceutical segment in India for quite some time. In the past few years, India has seen a tremendous growth in every sector; the pharmaceutical sector is also not an exception. At the same time, the cost pressure […]
DIFFERENCE BETWEEN PCD WORK AND PRESCRIPTION WORK When you want to launch a pharmaceutical business, there are two models to choose from; the PCD model and Prescription model. Let’s understand both in detail. PRESCRIPTION MODEL In the pharmaceutical business, the equation is pretty simple. The more prescriptions you generate, the bigger is the sales volume. The more sales […]
