Any individual or organization that manufactures, distributes, administers, and sells drugs with a prescription and medical apparatus is required to be properly licensed or face steep fines and possible criminal prosecution in the event they are non-compliant or delinquent.
The licenses required are dependent on the type of activity being conducted as each line of business within the pharmaceutical sector has unique regulations. Each individual or organization must have all adequate business licensing and permits in place before they can legally operate. Aside from general business licensing, there are sales tax considerations, seller permits, zoning and land use permits, and more that companies must be aware of. It is critical to have a strong compliance strategy in place to ensure no license is overlooked and that all remain active and in good standing to avoid steep penalties that will impact your business.
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Pharma regulatory tracker
These regulations from state and federal governments extend to anyone who manufactures, distributes, dispenses, and sells prescription drugs and devices.