Association of medicine dealers in Idumota, Lagos has banned Indians, Lebanese, Chinese etc from coming into the market to sell drugs.
Following reports that the Indians, who normally market their products through their representatives in Nigeria have decided to come into the popular open market to market the drugs themselves, thereby by-passing their representatives/ distributors. The market association, through their task-force, has banned these foreigners from coming into the market.
The Pharmacy watch investigations revealed that the marketers were not happy with how Indians try to by-pass them. Whereas, the Nigerian marketers hitherto imported and distributed such products to their fellow marketers. One of the dealers, who does not want his name in prints told The Pharmacy Watch that ” some of them, especially Indians are very greedy. After doing all the hard work to penetrate these products into the pharmaceutical market, the foreigners have a penchant to come into the country, sometimes without your knowledge and take over the product”. This is a pure case of ” baboon dey work, monkey dey chop”. Further investigations by The Pharmacy Watch also revealed that most of these marketers just travel to these countries, especially India, to bring in these drugs without having a trade mark. They just register the drugs at NAFDAC with the Indian trade mark name, bring it down here and start marketing it. As the products start doing well in the market, the demand starts building. When the foreigners see that the request order coming from the distributor is getting high, they come in and take over the market structure. Since the marketers most times do not own the trade mark, they are short changed.
TIPS ON HOW TO AVOID SITUATIONS LIKE THIS
- Use your own trademark duly registered with the Nigerian trademark registry
- Approach the business as a contract. Let them be your contract manufacturers. Also a contract manufacturing agreement should be signed by both parties
- Involve a Regulatory Pharmacist to do your product registrations with NAFDAC