Pharmaceutical imports play a very important role in the economy as well as in the health care industry of any country. The are a number of pharmaceutical products that are imported in a nation from various other countries. Import of pharmaceutical products is mainly done so as to satisfy the demands of the particular products in a country. As per the foreign trade law a number of pharma products can be imported into a nation freely. In most of the countries there is a drug controller that issues license for particular type of drugs to be imported.
While importing the drugs one thing is noted by the various bodies that the products do not get older than their expiry dates. Otherwise they are not accepted by the importing bodies. Usually the pharmaceutical manufacturers based in a foreign land appoints an agent in the importing country so as to acquire an import license. The agent appointed by the foreign based pharma manufacturer takes all the necessary responsibilities required to fulfill the varied terms and conditions of the import license. The agent can be an individual, partnership between individuals or can be a firm. One thing has to make certain that the agent should be registered in the importing country so as to facilitate pharmaceutical imports.
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An importing license that is needed to make pharmaceutical imports usually come for a particular period. After the end of the tenure the license can again be renewed for the next period. The license is usually valid for 1 year, however it may also vary from one country to another. After making the pharmaceutical imports the products are sold to the local markets. The Importer usually stocks the importing drugs and sells them to the wholesalers.
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To stock the imported pharmaceutical products and to sell them in the local markets the importer must have the definite license. In some of the cases the importers also have to conduct repacking of the pharma products. Labeling is also done in certain cases. For repacking as well as labeling the importer should posses a valid drug manufacturing license. It has to be noted that 1 license is given to an importer if it buys pharma products from a single manufacturer. The importer can buy various types of drugs in such case but the main clause that is associated in this case is that the products must be produced within a unit. If the pharma products are produced in two separate units, different licenses are required.
If a new drug is being imported in a country it may have to go through examinations done by the drug controller of the importing nation. The agents who acquire license for importing, stocking and selling the pharma products have also got to maintain the complete record of all of their sales activities. The license holders also take responsibilities for giving permissions to the inspectors so that they can enter the premises where the pharmaceutical products are stored and they can collect samples necessary for examinations. Pharmaceutical imports have increased to a great extent in many of the countries and in the near future more amount of imports would be made in various nations.
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