There are several concerns with the management of pharmaceutical waste. In this paper we included types of waste, regulatory bodies involved in management of waste material and waste management strategy. Because of the dangers, pharmaceutical waste cannot be disposed of like conventional waste and requires special handling, whether it comes from a hospital, clinic, pharmacy, or private household. A waste product may become a by-product, joint product or resource through an invention that raises a waste product's value above zero. Pharmaceutical waste is a form of medical waste that includes unused medications, over-the-counter personal care products, and sometimes accessories such as sharps, used test strips, and other supplies. In order to safely handle and dispose of waste it is necessary to understand the specific hazards of the waste product, and the ability of a given disposal technique to manage them. Examples include municipal solid waste (household trash/refuse), hazardous waste, wastewater (such as sewage, which contains bodily wastes (feces and urine) and surface runoff), radioactive waste, and others.