Yes you can do Phd in pharmacology / pharmaceutical science after Pharm D. The career as a drug researcher is good . A Scientist value in India is considered to be a top . There are roles like drug safety  , medical affairs, regulatory affairs for any scientist . The career is very good in this field , not only in India but also in the world . Try to think as new discoveries a drug researcher would bring to cure cancer or any other harmful diseases which right now can't be cured . There are many companies collaborating with bio tech industry which has given rise to a need for more business opportunities  .In this type of field you will never stop learning  , thats for sure . Also the career transition like from one department  to the other is also easy .You may also have shorter working hours and also your positions will be permanent  in this type of field. 

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