BGM is building a portfolio of Section 21 and Ethical Medicines approved by SAHPRA & the M.C.C.
The pharmaceutical industry, which has a global market value of more than US$1 trillion, is an industry comprised of ethical pharmaceuticals, which are prescribed by medical institutions and practitioners, and OTC drug products, which are general-purpose medications that do not require prescriptions.
In the ethical pharmaceuticals business, large profits can be expected if a drug can be developed and brought to market successfully, but a long time is needed to recoup the investment.
The advancement of medical technologies, such as in the areas of regenerative medicine and gene therapy, is leading to an increase in costs and time
needed for research and development of new drugs. On the other hand, the OTC drug business is one where stable profits can be expected, although returns are not as lucrative as in the ethical pharmaceuticals.
The ongoing industry reorganization involving major acquisitions in recent years has led to a tendency among pharmaceutical companies to separate these two business areas with different characteristics which is exactly what BGM have done.
We have divided these products into two camps, one specializing in ethical pharmaceuticals, including new drugs, and the other focusing on OTC drug products.
Below is a list of current OTC Portfolio Products available from BGM Pharma:
OUR RESEARCH
Ethical medicines are drugs that must be prescribed by a doctor. Before they can be marketed in a country, the pharmaceutical company must register the product with the relevant government licensing agency. In the US that’s the Federal Drug Administration (FDA) and in Australia it is the Therapeutic Goods Administration (TGA). Prescription products share the common factor that they are mostly paid for by Governments.
In many countries, such as Australia, the Government is the sole purchaser of most prescription products and so uses an exhaustive assessment process to determine whether a new drug will be funded by the health care budget.
Non-prescription or over-the-counter medicines (called proprietary medicines) are the other large drug group. These include the stronger cough syrups and codeine-based headache tablets that can be purchased at the local pharmacy. They are available “over-the-counter” (OTC), without a doctor’s prescription. Sometimes they are kept behind the pharmacist’s counter, so the pharmacist can control patient over-use.
Always compare active ingredients before taking more than one OTC medicine at the same time. Don’t combine prescription medicines and OTC drugs without talking to a healthcare professional first. Sometimes combining drugs can cause adverse reactions or one drug can interfere with the other drug’s effectiveness.
Prescription drugs are intended for use by one individual patient to treat a specific condition and when starting the medication each patient is legally entitled to speak with a pharmacist about the drug. … OTC drugs are monitored by the FDA, but it is not as strict as the process prescription drugs must go through
Ethical pharmaceuticals or prescription drugs are those licensed drugs that are regulated by various legislations to require a written medical prescription before it can be procured. … At present, ethical pharmaceuticals, market is highly profitable as well as a risky market venture.