Pharma Third Party Manufacturing
Are you planning to start your own Pharma company and looking for a reliable third-party manufacturer? If so, then you are on the right page. Here you get to know each and every detail that you must be looking for. You will explore the business of third-party manufacturing Pharma, advantages & disadvantages of third-party manufacturing, how to hire a right third-party drug manufacturer and what is the procedure of third-party manufacturing.
Contact UsThird party manufacturing in the Pharma sector
Like other sectors, pharmaceutical companies also get manufactured their medicines from a third party. There is a big network of third-party manufacturing pharma companies in India. The third-party manufacturing pharma company makes the medicines as per the specification given the Pharma company in the contract. There are some pharma companies having their own manufacturing facilities, but they prefer to get their products from third party medicine manufacturers.
Let’s understand the parties.
First party: The owner who gets manufactured the products
Second party: The customers of the products
Third party: The manufacturer of products. Also called contract manufacturer (CM)
How to get manufactured drugs from a third-party manufacturing company?
Find the right drug manufacturer
Search the 3rd party manufacturing Pharmaceuticals online and chose a right 3rd party pharma manufacturing company. Get his contact number and email ID for communication.
Plan and prepare a list & Send a query
Plan and prepare a list of products that you wish to get manufactured to avoid any confusion.
Request for a detailed price quotation and ask for product manufacturing cost, cost of securities and minimum quantity they can make, ask for their delivery schedule, etc.
Get done a non-disclosure agreement & Place the order with agreement amount
If the rate and other conditions of the drug manufacturer suit you, then get done a non-disclosure agreement with the drug manufacturer.
As you have finalized the products list, the quantity of products and the non-disclosure agreement has also been signed now it’s time to place the order. Deposit or transfer the agreed amount to the manufacturer’s account.
Delivery of Order
When the third-party medicine manufacturer is done with your order, he will contact you and send a quotation mentioning the details of the finished products and pending payment. Once you submit the required documents and clear the pending payment, your order will be despatched to your desired location with your preferred transporter.
Getting drugs manufactured from a third-party manufacturer has always been a detailed task but it’s better to take care of everything in the starting. A Pharma company must hire a right, professional and experience drug manufacturer. It is advisable to get signed a non-disclosure agreement from the third-party manufacturer to avoid any future problems related to disclosure of formula or design of products etc. Also, a good and reliable drug manufacturer will provide your quality products and it can be a lifetime relationship. So, choosing the right third-party manufacturer is very important for a Pharma company.
Documents submission
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- Send a list of documents to the drug manufacturer, which includes:
- Company profile with contact numbers
- Drug License No
- Sales Tax/TIN registration document
- Manufacturing agreement (contract)
- Certificate of non-resemblance
- Director’s documents like Aadhar Card and PAN card
