When you launch a PCD pharma company, you have to do several preparations. Of course, the first and foremost thing is to arrange funds. Without money, it is impossible to launch a business.
The next important consideration is a proper distribution channel from the manufacturer to end customers. In a pharma business, you have a distribution network like a pharma manufacturing company, pharma marketing company, C&F agents, wholesalers/distributors/stockiest, retailers, and pharmacies. In the end, there are patients or customers.
But apart from that, you need to put the effort into completing the documentation also. These are mandatory documents required to launch a business. Since they are directed by the government, it is mandatory to follow them.
To launch the best PCD pharma franchise company, you will have to acquire the necessary licenses from authorities.
It begins with the registration
The first step is to register the pharmaceutical business. The next important thing is the license. Every pharma company needs a drug license number to begin distribution, marketing, and manufacturing activities.
The registration of a trademark is required to protect individual property. The process of registration is a little complex. Therefore, if required, you can seek the help of a consultant.
GST number is mandatory to start the business. The document and license application process is the same in the majority of the field.
License required to start a Pharmaceutical Business in India
Wholesale Drug License
A Wholesale Drug License is required when you want to sell medicines in bulk quantities. For example, through a PCD pharma franchise.
Retail Drug License
When you want to sell medicines at a retail store, this license is required. This is not needed for a pharma manufacturing company as it will not be selling medicines in small quantities to retailers. These are usually small shops where the owner is given a license if he has completed a bachelor’s or master’s degree in pharmacy or a diploma from a recognized university.
Manufacturing Drug License
According to the Drugs and Cosmetics Act of 1945, a Manufacturing Drug License is required for the manufacture of ayurvedic, allopathic, cosmetics, and other drugs. The state government of the specific state grants this license to the applicant.
A detailed pcd pharma company product list has to be prepared for the benefit of the distribution channel.
Loan Drug License in India
If a person wants to get engaged in pharmaceutical product manufacture but it doesn’t have adequate land to do that, then a Loan Drug License is obtained.
Since the production of medicines is directly associated with the health and well-being of the people, it is essential to follow the process. The government, therefore, imposes rules and regulations to acquire a drug license. It is for the ethical and fair practices in the healthcare sector.
Before you invest heavy money in the pharmaceutical business, it is important to know about the requirements. Some of them are mandatory. You have to prioritize them. If you find it difficult, then call a consultant. He will help with this.
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