A PCD pharma franchise business model is an amazingly lucrative and flexible business model. This business model has gained tremendous appreciation and adoption in India. However, companies that provide franchise business opportunities are bound by various government and regulatory compliance policies to ensure quality products and services to consumers. Let us underline some major restrictions that a pharma franchise company in India faces.
Regulatory Compliances
Pharmaceutical companies that manufacture medicines and other pharma products are required to adhere to mandatory regulatory compliances such as WHO-GMP, ISO, USFDA etc. These regulatory compliances force pharmaceuticals to establish a highly regulated and authorized manufacturing unit that is inspected and approved for quality measures.
Ensuring Product Quality
The national and international regulatory authorities restrict pharmaceutical companies from practicing unethical or altered manufacturing processes. These regulatory compliances also ensure that medicines, drugs and their formulations are tested for efficacy and safety for public consumption. Thus, every PCD pharma company must globally comply with stringent quality standards to ensure public safety and healthcare.
Licenses and Approvals
In the PCD pharma franchise Business model, both pharmaceutical companies and franchise owners must apply for certifications and approvals from government-approved regulatory bodies. For franchisees, it is mandatory to acquire drug licenses, GST, PAN, and TIN registrations. Only after fulfilling these certifications and approvals can an individual acquire a PCD pharma franchise business.
Neoliva Formulations: A trusted PCD pharma company!
Neoliva Formulations is a pharma franchise company in India that follows all regulatory and quality requirements to offer highly lucrative and promising franchise businesses. We are a WHO-GMP & ISO-certified pharmaceutical company, offering monopoly rights, a diverse product range, and comprehensive support to our franchisees. Therefore, there is no doubt that Neoliva is a trusted brand in pharmaceuticals, and owning a franchise from us would provide a chance to build a credible and trusted franchise business.
