Wholesale Pharmaceuticals
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Wholesale pharmaceutical dealers supply medicines to pharmacists and others at competitive rates. As per ethical trade practices, wholesale pharmaceutical dealers sell only to licensed resellers and not directly to end-users. Wholesale pharmaceuticals generally sell their products to doctors, clinics, pharmacies, medical suppliers and hospitals. A valid wholesale pharmaceutical license is needed for trading in pharmaceuticals. Similarly most wholesale pharmaceutical companies insist on their customers providing evidence of permission to purchase wholesale pharmaceuticals. This permission should have been obtained through appropriate government agencies.
Wholesale pharmaceuticals are generally supplied with the best possible expiry date at the time of sale. Customers need to check their requirements thoroughly before making purchases. Generally the prices quoted by wholesale pharmaceutical companies exclude charges applicable to freight, insurance and customs. Purchasers from other countries are expected to bear any costs incurred for customs clearance, duties, and any other legal requirements. The onus of ensuring that any import of pharmaceuticals complies with relevant domestic laws also lies with the importer.
The modus operandi of persons dealing in wholesale pharmaceuticals is to physically assemble goods in large lots, sort them, repack and redistribute in smaller lot sizes. For these activities, wholesale pharmaceutical dealers need to have access to facilities like refrigeration, storage, transportation and, packaging and labeling services.
The wholesale pharmaceutical industry in the US is governed by federal legislation on drug imports. This is essential to counter loopholes in the system like diversion, incomplete pedigree, counterfeiting and repackaging and reselling illegally. The secondary wholesale market where a lot of counterfeiting and tampering occurs poses a real danger to public health. A combination of stringent laws and responsible social behavior is needed to combat this menace that goes on in the name of wholesale trade.
It is required by law that wholesale pharmaceutical dealers be accredited by their processes being subjected to stringent compliance to wholesale standards as outlined under drug safety laws.
Related: Wholesale Pharmaceuticals
Additional information:
Provisions in the Bill will allow pharmacists greater flexibility in how they use their clinical skills to offer patients a wider range of pharmacy.
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