How to Start Pharma Company by Pharmacy Student?

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How To Start Pharma Company By Pharmacy Student?
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Best Tips for Student Starting a Pharmacy
Business
You have multiple career choices when you pass
out from the pharma school. The degree in
pharmacy can give you a lucrative job in a pharma
company where you can achieve great heights by
hard work and dedication. At the same time, you
may decide to become an employer instead of the
employee by launching a pharma company of your
own. Which path you choose depends on your
personal preference and circumstances. Both are
equally exciting, challenging and rewarding.
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1. Collect the necessary documents

• You are supposed to follow a procedure to launch
  a pharma company. The first step is to collect
  the documents that are necessary for the process.
  Here is a list of documents
• Drug License Number or DL NO
• GST Registration
• Trademark registration
• Registration of the company
• FSSAI Registration if applicable

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Experts say that the drug license number is
mandatory for running a wholesale business and
maintaining the stock. You need to manage sales
and purchase registers and the right to exhibit
and distribute drugs. For all these activities
you are supposed to issue drug license number. Go
to the office of local drug controller or drug
inspector. To get Tax Identification Number
(TIN), you need to meet the tax authorities.
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2. Go step by step

• The formalities for launching a pharma business
  are almost similar in all the states in India.
  The important steps are
• Get adequate training to start a pharma company.
• Make a detailed business plan.
• Choose an appropriate location of the business.
• Search the building and premises. Make proper
  arrangements for keeping the raw
  material and finished stock. You may rent it or
  buy the property. Make sure space is sufficient.
• Read the norms laid by the government about
  safety. The premises should adhere to the same.
• Arrange finance source. You may put the personal
  money into the business or lend from bankers.

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3. Make a list of molecules and combinations you
want to launch
It requires a thorough research. The names should
match other existing product. It should not be in
the existing set. You are supposed to appoint
registered experienced pharmacist. These steps
are representative and not all-inclusive. You
should hire a consultant to ensure that the
process is flawless.
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Also Read

• Rx Biotech is a leading PCD pharma company for
  the pharma products and Franchise Marketing. One
  of the best pharma franchise companies in
  India offering monopoly rights to pharma
  companies in India with top medical promotional
  schemes.
• How do I Start a Pharma Franchise or PCD?
• What is the Scope of PCD Pharma Franchise
  Business in India?

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CONTACT US

• Mob No- 9311205758
• E-Mail- admin_at_rxhealthcare.co.in
• Address- Rx House, Plot No. 1020,
• Behind Metro Depot,
• Mundka, New Delhi,
• Delhi 110041 India

Website http//rxbiotech.in/