How can I get registered pharma company?

How can I get registered pharma company?

Economists can just turn the table, don’t they? When reports about Healthcare sector expected to touch $158.2 billion by 2017 came up, entrepreneurs that always wanted to do something big in this sector felt unstoppable. Yes, you got the point! This blog is for all you fans that has been requesting me to write on the e-healthcare sector. So, let’s get on the story.

  1. Business Registration:

This is a must for startups in this sector. Since there are multiple players involved and raising funds is another major thing to be concerned about, you can set up such business as a PVT. LTD. Company.

  1. Rules under the IT Act:
  • Data Protection: The patient must be informed that the data is being collected, purpose behind the same and whether it would be transferred to any third parties, along with the contact details of the agency collecting the information.
  • Follow the international standard IS/ISO/IEC 27001 on Information Technology
  • Appoint a ‘Grievance Officer’, whose contact details are to be published on the website.
  1. Privacy Policy:

This is mandatory for startups to have a privacy policy in place and published on its website. Although a privacy policy is technically a legal document, great effort should be made to craft a document that is both accurate and easy to understand.

  1. Not to miss OSP Regulations:

Application based Services which includes telemedicine services are required to be registered as an ‘Other Service Provider’ (“OSP”) with the Department of Telecommunications.

  1. Abide by the rules of The Drugs and Cosmetics Act (this one is e-pharmacies):
  • All drugs must be sold under a license. The Rules under this act clearly lay down which drugs can be sold only on the production of a prescription issued by a registered doctor.
  • Drugs which can be sold only on prescription are stated in Schedules H, H1, and X.
  1. The Drugs and Magic Remedies Act, 1954:

If you are one such startup that sends Advertisements (promoting anything) to registered medical practitioners and chemists, you can do only if your documents bear the words ‘For the use only of registered medical practitioners or a hospital or a laboratory’ at the top of the document.


Visit HireCA.com Now