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Searching a perfect or the best pharma franchise or pharma pcd company for doing business is by no means a easy job. There are thousands of small and big pharma franchise and pharma pcd companies operating throughout India.
In India pharma industry is growing at a compounded annual rate of 15%. A pharma company may be a small, medium or big size hence you need to decided whether you need to opt a small company with 50-200 products of general range or a medium size company with a speciality product range of 200 to 400 products or a multinational company.
A small size company may be good option to take pharma franchise or pharma PCD to begin with as small companies have general product range, normally working hard to establish and grow. These companies provide good customer service, being of small size their higher management are easy to contact if there is an issue with product or service.
For speciality product pharma franchise and pharma pcd you may contact a mid size company. We recommend one should take 2-3 pharma franchise and pharma pcd companies so that your business is safe and not dependent on any one company.A mid size company may have their own manufacturing unit or get their products manufactured on third party basis. Hence if you are doing pharma franchise and pharma pcd business with a company having their own manufacturing unit, you may get your own product manufactured on third party basis and slowly and gradually you may build your own product range while doing pharma franchise and pharma pcd business.
Being part of pharma industry its responsibility of marketing company to keep track of drug notifications with respect to banned drugs , dpco rates and other updates. Each drug formulation is approved by DCGI in india and then only it can be manufactured and marketed however unfortunately there are many irrational formulations in market which drug technical advisory body is trying to regulate or ban. Hence to avoid losses in business and being aware of industry its important for every pharma franchise and pharma pcd operator to keep track of regulatory status of products they are marketing. Before purchasing product ask for approval copy and check DPCO notification for verifying its MRP. For list of drugs approved by dcgi you may click here and for DPCO price list, click here
We at Pharma Rights making an umbrella of pharma franchise and pharma pcd provider companies to make choice easier for pharma professional or pharma traders to choose best pharma franchise pcd provider available in India.
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