Starting a pharmacy in the d.r: What are the requirements?

Kantana

New member
Mar 25, 2012
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0
Hi everyone,
I am seriously considering starting a pharmacy/pharmacies on the north coast- Caberete, Sosua, Puerto Plata, or Santiago. I have searched the internet for days for ideas on how to go about this , but came across nothing useful. I am wondering if anyone on this board is knowledgeable about the procedures and requirements for starting a pharmacy in the D.R. Specifically, what do I need to do first? How long does it take to get the necessary liscenses and permits? Will I be required to have a D.R. Pharmacist's liscense? If yes, how can I obtain one? Also, how much does a pharmacist in the D.R. earn?
I am a Pharmacist in Texas and I am looking to move to the D.R. to live and run businesses soon.
All suggestions, opinions, and advice will be greatly appreciated.
Thanks a lot.
Ktn........:D
 

Hillbilly

Moderator
Jan 1, 2002
18,948
514
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I will let DV8 talk to you on this, but "it is complicated"

If you are a graduate Pharmacist in the US, you are already overqualified for 99.9% of all pharmacies in the DR, which do not have any real pharmacist on the premises. They have a pharmacist's signature on the license, but that was bought and paid for.

I cannot understand how a licensed pharmacist in the States could want to come to this underdeveloped country to operate what is essentially a salesman's job. Especially if you do not have a lot of family and friends here.....certainly not for any love interest!! OMG!!! No...

And it is highly competitive!!!

HB
 

Ken

Rest In Peace Ken
Jan 1, 2002
13,884
497
83
Hi everyone,
I am seriously considering starting a pharmacy/pharmacies on the north coast- Caberete, Sosua, Puerto Plata, or Santiago. I have searched the internet for days for ideas on how to go about this , but came across nothing useful. I am wondering if anyone on this board is knowledgeable about the procedures and requirements for starting a pharmacy in the D.R. Specifically, what do I need to do first? How long does it take to get the necessary liscenses and permits? Will I be required to have a D.R. Pharmacist's liscense? If yes, how can I obtain one? Also, how much does a pharmacist in the D.R. earn?
I am a Pharmacist in Texas and I am looking to move to the D.R. to live and run businesses soon.
All suggestions, opinions, and advice will be greatly appreciated.
Thanks a lot.
Ktn........:D

Besides researching the internet, have you been here and researched how many farmacias there are already? Sosua and Puerto Plata do not need another farmacia. Not sure about Cabarete, but it is not likely another needed there, either.

Sosua already had 3, only one of which appears to be doing well, when a 4th opened recently. I walk by it almost daily and never see anyone inside.

Before you continue with your plans, you should spend enough time here analyzing the need before you put your money in what I fear will be a failed business.
 

AlterEgo

Administrator
Staff member
Jan 9, 2009
24,156
7,737
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South Coast
HB is right. My sister-in-law is a pharmacist by degree, but that's not her business because it's not very lucrative, to put it mildly. She 'rents' her license/degree to a farmacia in SD, and runs her own [unrelated] business separately.
 

dv8

Gold
Sep 27, 2006
31,262
364
0
where should i start...?

first, forget about OPENING a pharmacy. licences and permits, building, stocking - too much problem. there is a lot more too, than the licence: pharmacies have to be run at a certain distance from one another (hence a small town can only have a set number of farmacias), there are some arrangements regarding a maximum profit that can be charged and so on.
it is way easier BUYING an existing pharmacy. building, business, inventory, the whole lot. you could buy one today and start selling medicine tomorrow, almost literally (allow few days to check the inventory and paperwork). a plus is, that one licence can be extended to other pharmacies (but they have to carry the same business name). say, you buy farmacia GRINGO in sosua, under the same permit you could open farmacia GRINGO 2 in cabarete, GRINGO 3 in puerto plata and so on.

now, does it pay of? certainly, it is a good business but you will need A LOT of adjusting. 99% of the medicine is sold over the counter and you better keep you mouth shut and welded from any comments. if a dominican wants amsisilina (you'd have to get used to the guessing game) for the pain - you sell it and do not bother explainimng it is an antibiotic because this is what they always take, it works and you are stupid. very stressful, i tell ya. but dominicans are very set in their ways. in time they will learn that if they ask you for advice it does work. but god help they should ever find out you ARE a pharmacists because there will be no end to folks asking what should they get for their many maladies...

it will be fairly easy for you, i think. you already know the compounds, strenght and dosage, you'd only have to learn commercial names of the medicine made by dominican labs. certain brands you will know: merc, bayer, GSK, janssen cilag...
still, you will be well more qualified, as stated above, than 99.9% of the workers. you will need lots of patience. you will also need an open mind. i mentioned all medicine being OTC medicine, right? there will be also delivery (free of charge, messengers on motos). a pharmacy in DR has to be run like a dominican pharmacy, not like an american one. sure, you can make some adjustments but you will have to apply hell of a lot of flexibility.

more pharmacies in sosua/cabarete? i say, why not? i have received many questions about american hardcore presciption drugs (pain, epilepsy, ADHD and other mental disorders). those are only sold by prescription in DR and very few pharmacies are allowed to carry that stuff. you'd need a special permit from salud publico and DNCD (direcion national de control de drogas, the same agency that chases drug dealers), a safe (to store medicine) and a qualified worker (yourself). difficult to get but if you decided to buy the pharmacy you can offer a better deal if the old owners do all the necessary permits themselves. also, cabarete and sosua could do with a pharmacy that accepts seguros medicos (medical insurances). again, a big pain in the butt to obtain contracts so you will be better off buying a farmacia that already does that. good thing is, those permits are, again, transferable. so if farmacia GRINGO sells prescription drugs and works with insurances so can farmacia GRINGO 2, GRINGO 5 and GRINGO 128.

questions?
 

zoomzx11

Gold
Jan 21, 2006
8,367
843
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Take a look. There is one on every corner, its like the neighborhood colmados, bad idea. Opearating a business that makes money in the DR is a challege in general. Just bring down a wheel barrow load of cash and you will be fine.
 

Ken

Rest In Peace Ken
Jan 1, 2002
13,884
497
83
. also, cabarete and sosua could do with a pharmacy that accepts seguros medicos (medical insurances). again, a big pain in the butt to obtain contracts so you will be better off buying a farmacia that already does that. good thing is, those permits are, again, transferable. so if farmacia GRINGO sells prescription drugs and works with insurances so can farmacia GRINGO 2, GRINGO 5 and GRINGO 128.

Needed, not needs. Sosua now has a farmacia that accepts insurance. It has contracts with all the companies and has big signs to make the public aware that insurance is accepted.
 

zoomzx11

Gold
Jan 21, 2006
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Hey Ken, Is that Alberto's ? I understand that he is also compounding medicines. Or is mentioning the name considered advertising here??? I have been shopping there for a long time and he has always treated me just fine, including a 10% discount for what I am not sure but the wife negotiated it. Maybe cause she is Dom.
 

belgiank

Silver
Jun 13, 2009
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Hey Ken, Is that Alberto's ? I understand that he is also compounding medicines. Or is mentioning the name considered advertising here??? I have been shopping there for a long time and he has always treated me just fine, including a 10% discount for what I am not sure but the wife negotiated it. Maybe cause she is Dom.

No, it is the "WECARE" pharmacia, located next to Banco Santa Cruz in Cabarete, and now next to the new Mex restaurant, across from BP in Sosua.

Nice pharmacia, but do not carry all products, and have regular stock-problems...

BelgianK
 

belgiank

Silver
Jun 13, 2009
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Alberto is a nice pharmacia, friendly people, loads of stock (normally), and if out, will call around. Actually, they supply a lot of the smaller ones in the neighborhood.

You do have to mention you will pay cash, as this will get you the 10% discount. If you do not, they will not give you the discount...

BelgianK
 

Ken

Rest In Peace Ken
Jan 1, 2002
13,884
497
83
Hey Ken, Is that Alberto's ? I understand that he is also compounding medicines. Or is mentioning the name considered advertising here??? I have been shopping there for a long time and he has always treated me just fine, including a 10% discount for what I am not sure but the wife negotiated it. Maybe cause she is Dom.

No, the one taking insurance is located in that small strip plaza across from the orange store next to the real estate office (underneath the overhang from upper floor). I bought something from them the other day. Went there because the others were out. Pleasantly surprised that the price was lower than what I was quoted in another place. Even though they didn't have it, I asked the price so I could compare elsewhere.

I believe it is the same WE CARE but in their new location.
 

dv8

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Sep 27, 2006
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10% discount on cash payments is kinda of a norm, we do that too.

also, not that many farmacias work with a variety of seguros medicos. it is a real paint in the neck to get contracts because obviously the insurances do not want to pay up so the general policy is somewhere along the lines "the less farmacias work with seguros the better for seguros". ;)

a gringo owned farmacia with meds gringos look for could work, but only in gringo areas. but then do not expect to make buckets of bucks, that can only be done in really big farmacia or a chain. bought in bulk medicine is cheaper but it only pays off to buy in bulk if the products - paid in cash, btw - will be sold in no more than 3 months. so, the bigger the pharmacy the higher profit.

but, a gringo owned and run farmacia in sosua/cabarete, with good advice of a professional gringo pharmacist on site, selling products gringos like and operating with seguros most popular among gringos... yes, i stand by my words - it can work. but a said gringo would have to work all days, all the time and would barely make enough to live in relative comfort, by dominican standards. and no way near enough to save up for a rainy day.
 

suarezn

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Feb 3, 2002
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...or you could do like they do in tourist areas in Mexico with large ads out front telling the tourists all the stuff they can get without prescription (Viagra, Cialis, Oxycontin, etc...) That may attract some "good" business.
 

Hillbilly

Moderator
Jan 1, 2002
18,948
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With Viagra are ( now where did I put that receipt?) :8^)))).....RD$450+ ( I don't really know the price), how does that compare to the States??? And anything narcotic needs a special Rx...

Jus' saying.

HB
 

PICHARDO

One Dominican at a time, please!
May 15, 2003
13,280
893
113
Santiago de Los 30 Caballeros
Hi everyone,
I am seriously considering starting a pharmacy/pharmacies on the north coast- Caberete, Sosua, Puerto Plata, or Santiago. I have searched the internet for days for ideas on how to go about this , but came across nothing useful. I am wondering if anyone on this board is knowledgeable about the procedures and requirements for starting a pharmacy in the D.R. Specifically, what do I need to do first? How long does it take to get the necessary liscenses and permits? Will I be required to have a D.R. Pharmacist's liscense? If yes, how can I obtain one? Also, how much does a pharmacist in the D.R. earn?
I am a Pharmacist in Texas and I am looking to move to the D.R. to live and run businesses soon.
All suggestions, opinions, and advice will be greatly appreciated.
Thanks a lot.
Ktn........:D


It's much easier and less maze like to just buy an already operating Pharmacy than starting one from scratch in the DR and pretty much elsewhere in the develop and developing world. More so in the developing world where rules and official needs keep changing in short terms.

It's a highly profitable biz only if you know how to source from reputable distributors and learn to balance the services and sales to your side. Since prices change in short notices, you have to keep the inventory well stocked at the risk of expiration dates. Having a too low stock on hand can be disastrous when the items jump in prices, where the retail price of the said items is below the distributor's new pricing index. Which happens a lot in the DR!

Security is another big issue with the type oz biz. Pharmacies are targeted by robbers more often than not and by burglars as well for the high priced goods.

Needless to say it's far cheaper to open one from scratch than buying one, but the time for ROI is very long and there's no guarantee that it will be a successful biz as planned.

One word of caution for the biz in the DR is to try and do it in a scale that will be hard for the common copycats to trounce.

Innovation and service are the keys to a good ROI for the DR in most biz plans!
 

DipreSantana

New member
Nov 29, 2009
352
26
0
where should i start...?

first, forget about OPENING a pharmacy. licences and permits, building, stocking - too much problem. there is a lot more too, than the licence: pharmacies have to be run at a certain distance from one another (hence a small town can only have a set number of farmacias), there are some arrangements regarding a maximum profit that can be charged and so on.
it is way easier BUYING an existing pharmacy. building, business, inventory, the whole lot. you could buy one today and start selling medicine tomorrow, almost literally (allow few days to check the inventory and paperwork). a plus is, that one licence can be extended to other pharmacies (but they have to carry the same business name). say, you buy farmacia GRINGO in sosua, under the same permit you could open farmacia GRINGO 2 in cabarete, GRINGO 3 in puerto plata and so on.

now, does it pay of? certainly, it is a good business but you will need A LOT of adjusting. 99% of the medicine is sold over the counter and you better keep you mouth shut and welded from any comments. if a dominican wants amsisilina (you'd have to get used to the guessing game) for the pain - you sell it and do not bother explainimng it is an antibiotic because this is what they always take, it works and you are stupid. very stressful, i tell ya. but dominicans are very set in their ways. in time they will learn that if they ask you for advice it does work. but god help they should ever find out you ARE a pharmacists because there will be no end to folks asking what should they get for their many maladies...

it will be fairly easy for you, i think. you already know the compounds, strenght and dosage, you'd only have to learn commercial names of the medicine made by dominican labs. certain brands you will know: merc, bayer, GSK, janssen cilag...
still, you will be well more qualified, as stated above, than 99.9% of the workers. you will need lots of patience. you will also need an open mind. i mentioned all medicine being OTC medicine, right? there will be also delivery (free of charge, messengers on motos). a pharmacy in DR has to be run like a dominican pharmacy, not like an american one. sure, you can make some adjustments but you will have to apply hell of a lot of flexibility.

more pharmacies in sosua/cabarete? i say, why not? i have received many questions about american hardcore presciption drugs (pain, epilepsy, ADHD and other mental disorders). those are only sold by prescription in DR and very few pharmacies are allowed to carry that stuff. you'd need a special permit from salud publico and DNCD (direcion national de control de drogas, the same agency that chases drug dealers), a safe (to store medicine) and a qualified worker (yourself). difficult to get but if you decided to buy the pharmacy you can offer a better deal if the old owners do all the necessary permits themselves. also, cabarete and sosua could do with a pharmacy that accepts seguros medicos (medical insurances). again, a big pain in the butt to obtain contracts so you will be better off buying a farmacia that already does that. good thing is, those permits are, again, transferable. so if farmacia GRINGO sells prescription drugs and works with insurances so can farmacia GRINGO 2, GRINGO 5 and GRINGO 128.

questions?

Terrible advice IMO, educating people is part of the deal with being a pharmacist.
 

Ken

Rest In Peace Ken
Jan 1, 2002
13,884
497
83
Terrible advice IMO, educating people is part of the deal with being a pharmacist.

I assume you are talking about a pharmacist in the US or Europe where prescriptions are required and they have a pharmacist in every store.

In the US, most meds are sold over the counter by sales persons who know that the success of their business depends in part on selling people what they ask for.

dvB was trying to help the OP understand how it is here, regardless of his/her training and personal inclination.
 

dv8

Gold
Sep 27, 2006
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Terrible advice IMO, educating people is part of the deal with being a pharmacist.

i am afraid, dipre, you do not know how things work here. some people do not want to be educated. strange thing, reason, no? it is the quality most evenly shared in all humans because somehow everyone think they have just the right amount of it...
it is an impossible task, to bring some sense into some people. and trust me, i have tried. i started fresh and hopeful but my heart sank quickly. people who want an atibiotic for their toothache WILL buy it, no matter what you say. now, someone coming in and asking what you can recommend them for a toothache is another story.
normally i'd just sigh and sell all stupid things people wanted to buy with few exceptions: i would never ever suggest any medicine for newborn children or pregnant women. i could go as far as offering paracetamol for pain/fever and a firm advice about going to the doctor.
 

Kantana

New member
Mar 25, 2012
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0
Thanks a million DV8. Your reply was very enlightening, but raised a lot of questions. I will appreciate answers to these. First, you seem to have a lot of experience in this business. Are you a pharmacist, or do you operate a pharmacy/pharmacies in the D.R? Also,if the pharmacies operate without pharmacists, what do the pharmacists do over there? You suggested buying over starting a pharmacy from scratch. So how do I find pharmacies for sale? Any website where they are listed? How much does an average pharmacy sell for? How do you ensure the pharmacy has all the licenses/permits in good standing as well as the necessary insurance contracts? How about compounding non proprietry medications? How are the doctors able to function efficiently without competent pharmacists to work with? Lastly, which department is responsible for issueing the licenses/permits and what is the application procedure? Do they have a website?
Thanks a lot DV8. All answers will be greatly appreciated.
Ktn.........:D
 

dv8

Gold
Sep 27, 2006
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i am not a pharmacist but i did work for two years in a pharmacy owned an run by my husband and his brother (none of them a doctor or pharmacist either).

pharmacies operate without the pharmacist very easily. the workers are often not very smart (i worked with a woman who could not write a sentence without at least few mistakes). all they need to do is read what the prescription says, find it on a shelf and then charge for it. also, 90% of dominicans know what they want (amosisilina :) ). there is very little room for advice and it would be mostly things like headache, toothache and gripe. really, only a rudimentary knowledge is needed to be able to do that. after one year in the pharmacy i was on a par with our best worker who had 16 years of experience (not an educated pharmacist either), all because i opened every single box we had to read what the medicine was for, how to take it and so on. i also read an encyclopedia of medicine whenever i was bored. and btw, when i started working my spanish would go no further than some basics!

what real pharmacists do? someone who has enough money to properly study for this title has enough money to start his own business. or maybe comes from a family that has a farmacia. or maybe goes to work for one of the pharmaceutical companies in DR (this business is booming, btw).

farmacias for sale... you would mainly need to look and listen. there are few pharmacies currently on sale in POP but really, you'd need a dominican middle man to go about this business. i suggest a good lawyer who'd be able to check all the paperwork and negotiate a decent price.

the price of a pharmacy depends on many things. building (owned, rented, size, possibility of physical expansion), location (obviously), inventory (the bigger the pharmacy the more stock it has). the last factor that is worth money as well is, of course what is called here a "punto" (lit. point): that is an intangible value of the business. not sure how all this is called in english. but for a ready to run farmacia in POP, in a good location, with everything included, you'd have to part with 250k dollars (american), maybe. maybe more, maybe less, depends of farmacia and your negotiating skills. you could of course buy something small cheaper and then slowly invest to build it up. but pharmacy business is not cheap. i would not be surprised if an owner asks a lot more that 250k.

ensuring the paperwork can be left in the hands of a lawyer. if you have a good one he/she will be alble to check all the permits and documents.

making own medications is virtually unknown of, at least in POP. i know that salud publica (government agency) does it, i know, in their dermatologia department. but i think this starts to pick up slowly again. and yes, that is actually a job that can only be done by a licensed pharmacist (dominican licensed, btw, as an american you can legalize your papers here, i think).

how do the doctors work without the aid of a pharmacist? simple, they do not care! the prescription says xyz, you sell xyz, that's all. doctor is god! :) frankly i normally just give out the medicine as prescribed. only sometimes i would say: this cannot be given together, this cannot be given to a child or a pregnant woman, this is too strong/too weak. i politely explain that xyz is not recommended for indicated use and the doctor should be consulted again, just in case. this advice was, actually, always well received and many people came back to talk to the gringa because "gringa sabe" (gringa knows) :)
i have to say that i do not like to act against the decision of a doctor, who should know better after years in a medical school but sometimes i have the pangs of doubt...

i am not 100% sure with the body responsible for permits for pharmacies. i know it will be salud publico and DNCD but there may be some other entities involved.
Ministerio de Salud P?blica y Asistencia Social
http://www.dncd.mil.do/