The issue of whether or not expired medications can be sold is complicated. Selling out-of-date medications is prohibited in the majority of nations. This is due to the possibility that expired medications have degraded over time, which could render them hazardous or less effective. Drugs that are past their expiration dates can still be legally marketed in specific circumstances.
It’s against the law to offer outdated medications, according to the US Food and Drug Administration (FDA). All medications must have an expiration date printed on the box, per FDA regulations. Based on testing performed by the manufacturer, this deadline is set to guarantee that the medication will continue to be secure and efficient up to that point. The drug might no longer work as well or even be hazardous after its expiration date.
Drugs that are past their expiration dates can still be legally marketed in specific circumstances. For instance, in rare circumstances where there is no other choice, the military is permitted to use outdated medications. Additionally, in emergency circumstances, like those that arise following a natural disaster, several states permit pharmacies to dispense outdated medications.
In India, there are numerous alternatives for pharmacy franchises. The most well-known drugstore franchises include 98.4, MedPlus, and Apollo drugstore. You must get in touch with the franchise firm and complete their application process in order to obtain a pharmacy franchise. This usually entails completing an application form and supplying details about your financial situation and professional background.
Several elements, such as the store’s location, the variety of goods it sells, and the pricing strategy employed, might affect the profit margin in medical stores in India. However, medical shops can generally be highly profitable in India. Some estimates place the profit margin in India’s medical stores as high as 20–30%.
The pharmaceutical industry is seen as profitable in the Philippines. The Philippine News Agency reported that during the next five years, the Philippines’ pharmacy industry is anticipated to increase by 6-7% yearly. A growing population and rising healthcare costs are some of the factors causing this growth. However, as with any enterprise, the pharmacy sector requires careful management, planning, and marketing to succeed.