Essay: Estimated cost assumption for the starting of new generic medical store in New Zealand.

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  • Published on: February 5, 2016
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  • Estimated cost assumption for the starting of new generic medical store in New Zealand.
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Start-up Expenses
Legal $ 1,000.00
Rent $ 1,500.00
Utilities $ 350.00
Telecom system $ 300.00
Insurance $ 400.00
Storefront Build-out $ 20,000.00
Expensed equipment $ 3,000.00
Website development $ 1,500.00
Total Expenses $ 28,050.00
Start-up Assets
Cash required $ 150,000.00
Start-up Inventory $ 15,000.00
Other Current Assets $ –
Long-term Assets $ 9,500.00
$ 174,500.00
Assets
Non-Cash assets from Start-up $ 24,500.00
Cash requirements from start-up $ 150,000.00
Additional cash raised $ –
Cash Balance $ 150,000.00
$ 174,500.00
Liabilities and capital
Liabilities $ –
Long term liabilities $ –
Other current liabilities $ –
Capital
Planned Investment
Seed funding $ 80,000.00
Friends and family $ 60,000.00
Additional investment $ 45,000.00
$ 185,000.00
Total Capital $ 174,500.00
Total Capital and Liabilities $ 174,500.00
Total Funding $ 185,000.00
Pharmaceutical drug is mainly classified on the basis of their origin
1) Natural origin: Herbals, Plants and marine source
2) Chemical and Natural: Partially extracted from herbal as well as from chemical synthesis
3) Animal origin: Enzymes and Hormones are from animal origin
4) Microbial origin: All antibiotics are from Microbial derivatives
5) Biotechnology and genetic engineering origin: Hybridoma technique
6) Derived from Radioactive substances.
Drugs are classified in various groups besides their origin the basis of Mode of action, Chemical properties, route of administration and therapeutic effects.
Classes of medicines:
1) Antipyretic: Reduce fever
2) Analgesics: Reduce the pain
3) Antimalarial drugs: treatment for malaria
4) Antibiotics: Prevents from the growth of microorganisms
5) Antiseptics: Prevents the growth of germs at wounds and cuts etc.
6) Mood stabilizers: Valpromide
7) Hormone replacements: Premarin
8) Oral Contraceptives: Enovid, biphasic pills and triphasic pills
9) Stimulants: Amphetamine
10) Tranquilizers: Diazepam, Chlorpromazine
11) Statins: Simvastatin, lovastatin.
The different types of selves in a pharmacy store:
 Natural Homeopathic formula Products
 Dental and mouth care
 Family planning and sexual health
 First aid
 Foot care
 Fragrances and aftershaves for men
 Hair care
 Hair colours
 Shampoos and conditioners
 Hand and Nail
 House hold goods
 Cosmetics
 Lip care
 Mother and Baby
 Nutritional Products
 Perfumes
 Skin care
 Sports supplements
 Sun care
 Vitamins Supplements
 Weight loss
 Women’s Health
Price variation for Branded and Generics drugs:
Some of Examples
Branded Drug Price Generic drug Price Difference
Panadol (20 tab) $ 5.50 Acetaminophen $ 2.50 $ 3.00
Panasal (10 tab) $ 6.00 Aspirin $ 2.80 $ 3.20
Antibiotics
amoxil (10 tab) $ 22.00 Amoxicillin $ 6.00 $ 16.00
Cloxapen (10 tab) $ 24.00 Cloxacillin $ 9.00 $ 15.00
Pipracil (10 tab) $ 18.00 Piperacillin $ 5.00 $ 13.00
Diabetic drugs
novolog (10 tab) $ 38.00 Insulin aspart $ 12.00 $ 26.00
humalog (10 tab) $ 42.00 insulin lispro $ 16.00 $ 26.00
Amaryl (10 tab) $ 41.00 Glimepiride $ 14.00 $ 27.00
Antihypertensive drugs
Capoten (10 tab) $ 21.00 Captopril $ 8.00 $ 13.00
Vasotec (10 tab) $ 26.00 Enalapril $ 11.00 $ 15.00
Diovan (10 tab) $ 28.00 Valsartin $ 12.00 $ 16.00
Pain medications
Tylenol (10 tab) $ 4.00 Acetaminophen $ 1.00 $ 3.00
Zipsor (10 tab) $ 6.00 Diclofenac $ 2.00 $ 4.00
Nalfon (10 tab) $ 8.00 Fenoprofen $ 4.00 $ 4.00
Advil (10 tab) $ 8.00 Ibuprofen $ 3.50 $ 4.50
Ponstel (10 tab) $ 7.80 Mefenamic Acid $ 3.28 $ 4.52
References:
http://www.emedexpert.com/lists/diabetes.shtml
http://www.goodrx.com/acetaminophen-codeine
http://www.pharmac.govt.nz/2015/07/29/Sched.pdf
http://patient.info/drugs/p.htm
http://www.chemistwarehouse.com.au/buy/6973/Panadol-500mg-100-Tablets
http://www.rxlist.com/drugs/alpha_p.htm
http://www.medindia.net/drug-price/antipyrine-combination.htm
http://www.bplans.com/pharmacy_business_plan/products_fc.php
http://www.bplans.com/pharmacy_business_plan/company_summary_fc.php
http://www.markhams.co.nz/insights-and-advice/business-advice/pharmacy/
http://www.greencrosshealth.co.nz/reports/PBL%20Annual%20Report%202013.pdf?a=get&i=17
http://www.markhams.co.nz/how-does-your-pharmacys-financial-performance-compare/

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