Marketing a herbal medication
My partners and I have researched an created a herbal formulation which helps to control both type I and type II diabetes. So far we have not commercialized our medication. We have been giving this medication to family and friends through word of mouth for over 5 + years now and the success rate is 100%. We have a few friends who are in medical profession using this medication successfully. In 4- 6 weeks one can see notice the effects of this medication by getting them off insuline.
One of our family friends has agreed to submit this medication to World Health Organization (WHO) however some have also asked that it can be commercialized.
I don't have any knowledge about starting or operating any kind of business but I am willing to go that route now that we are sure that this medication works. I would like a patent and some kind of marketing for this medication.
As this is a medication do I have to get additional approvals. Also how much cost are we talking about. We as a group don't have enough cash lying around.
Please advise.
Re: Marketing a herbal medication
You need to submit an application to FDA and also USPTO. One of the biggest hurdle at the FDA will be to show that your product is safe and effective for humans. It will be your responsibility to test the formulation and submit evidence that it is safe and effective. The tests/evidence you submit have to be of a certain criteria. I am a patent attorney with a strong pharmaceutical background. Please feel free to contact me directly for further questions.
Re: Marketing a herbal medication
You need to submit an application to FDA and also USPTO. One of the biggest hurdle at the FDA will be to show that your product is safe and effective for humans. It will be your responsibility to test the formulation and submit evidence that it is safe and effective. The tests/evidence you submit have to be of a certain criteria. I am a patent attorney with a strong pharmaceutical background. Please feel free to contact me directly for further questions.
