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How Do I Start A Generic Medicine Business?


Do it first

  1. You should start with the brand name, company name, and logo. Make sure it is unique.
  2. You need to register the company first. Once it is done, then apply for the trademark and FSSAI registration.

How can I open a medical store in Maharashtra?

Documents Required for Obtaining a Drug License:

  1. Application form in the format prescribed in the Act.
  2. A cover letter with application duly signed with the details of name and designation of the applicant.
  3. Challan of the fee deposited for registration.
  4. Blueprint of the premises.

How do I get a generic medical franchise?

Master Franchise: Key Points & Investment

  1. Only 1 Master Franchise allocated per city.
  2. Own/rented warehouse around 400 sq ft.
  3. Total investment required is Rs 12,00,000.
  4. Wholesale FDA drug license.
  5. Minimum 2 people for marketing in your area.
  6. 1 pharmacist compulsory – B.Pharm/D.Pharm.
  7. Computer, Wifi, Printer.

How can I open Pradhan Mantri generic medical store?

The requirements to apply for a jan aushadhi kendra are:

  1. You should have a self-owned or leased shop space of 120 sq ft and above, with all legal documents in place.
  2. You will need to provide the name of the pharmacist registered with the state council.

Is generic medicine shop profitable?

Retail medical shop profit margins range from 5% to 30%. There are different margins for each type of product, such as profit margins for trapped products, generic medicines, OTC (over-the-counter) medicines, branded prescription products. After this whatever discount you provide which can be from 5% to 20%.

Is generic medicine profitable?

She said retailer margin for five branded medicines they studied was in the range of 25%-30%, but for their branded-generics version manufactured by the same company it was in the range of 201% -1,016%. “In India, there are very few innovator or patented products.


Can MBBS doctor open medical store?

6.3 Running an open shop (Dispensing of Drugs and Appliances by Physicians): – A physician should not run an open shop for sale of medicine for dispensing prescriptions prescribed by doctors other than himself or for sale of medical or surgical appliances.

Which degree is required for opening a medical store?

One of the major requirements for opening a medical store is to be qualified and secure a Pharmacy License. For the person to open a medical store and be a qualified pharmacist, they need to secure the degree of B. Pharm or M. Pharm.

Can BDS Doctor open medical store?

No the license for drug store is only applicable to people who have done pharmacy. diploma or degree. also medical doctors can keep medicines for practice.

Is generic Aadhaar franchise profitable?

The shops will sell all kinds of allopathy medicines. They make sure to provide low-cost drug treatments to everyone. Generic Aadhaar’s franchising promotes entrepreneurship. While taking inventory of the customer’s advantage, Generic Aadhaar guarantees that small chemists and outlets earn a good profit too.

What is the largest generic drug company?

With a revenue of 11.5 billion U.S. dollars, Mylan was the global leading generics manufacturer in 2019. Sandoz and Teva each generated close to 10 billion U.S. dollars that year, putting them in third and fourth place, respectively.

How can I open DavaIndia store?

The total investment required for having DavaIndia Generic Pharmacy Franchise is around 8 lakhs INR. Out of 8 Lakhs, 1.5 lakhs INR is the one-time Franchise fee and the rest of the investment amount is spent on developing the interior of the Franchise unit which is handled by the brand itself.

Which are generic medicines?

A generic medicine is a drug that imitates brand-name drugs with respect to strength, effect, dosage, form, administration, quality and safety. A generic drug must obtain FDA approval for prescription and consumption. You can easily buy generic medicines online as well as from your local pharmacy.

Can I get Jan aushadhi medicine online?

Jan Aushadhi – Order Medicines Online at Best Price – Netmeds.

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