Becoming a medical and pharmaceutical distributor requires a drug wholesale license and a GST number (if applicable or required). Pharmaceutical wholesale and retail vessels are an integral part of the pharmaceutical sales channel. To get started, review the eligibility requirements for accreditation of drug distributors. If your company meets these criteria, request a supply chain inspection to apply for drug distributor accreditation.
In addition to the license and GST number, you may be eligible for benefits offered by pharmaceutical companies, such as special discounts and access to financing services. It is essential to obtain all the necessary certificates, licenses and trademarks before you start buying pharmaceuticals in order to sell them online. A separate license must be obtained for each institution engaged in the wholesale of pharmaceuticals in this state. Pharmaceutical distributors, agencies or wholesalers are distributors or their agents engaged in the sale of medicines, drugs, surgical preparations and other pharmaceutical preparations to retailers, hospitals, dispensaries, medical, educational or research institutions and other agencies.
To become a pharmacist in the states in which it operates, use the link in the table below to access the database or contact information for your state's licensing authority. The profit margin for distributors of brand-name pharmaceuticals is generally 8 to 12 percent, while the margin for distributors of generic drugs is 10 to 20 percent. To start a wholesale company in the pharmaceutical sector, it is very important that a person receives approval for the drug before they can make any sales. A pharmaceutical supplier offering products such as wholesale medicines and over-the-counter pain relievers saves time and money for independent pharmacists and home care companies.