Easy Steps for Third-Party Pharmaceutical Manufacturing

Ever heard of contract pharma manufacturing?

Or third-party pharma manufacturing?

Let’s face the widely renowned fact that outsourcing any service is a smart business move for companies of any sector. The pharmaceutical industry is an ever-growing field, with third-party manufacturing services booming within the last few decades.

Third-party manufacturing: a simple definition

When a pharmaceutical company outsources or hires a service on a contract basis, it is called third-party pharma manufacturing. The partner company either outsources a pharma product from a pharmaceutical manufacturer and sells it under its brand name or the manufacturing company hires the partner company to take care of some of its tasks, such as managing and delivery. Some pharmaceutical giants also get their products manufactured by other pharma manufacturers. Either way, both companies mutually benefited in so many ways.

I have covered the benefits of third-party manufacturing in another blog.

https://www.saphnixlifesciences.com/benefits-of-third-party-pharmaceutical-manufacturing/   

Go ahead and check it out!

Third-party manufacturing is most appealing to start-up companies with little experience and knowledge of the field. It is an easy, fast, and long-term way of making one’s way into the wonderful world of pharmaceuticals. Individuals can start their own third-party manufacturing by collaborating with a manufacturer and selling their products under their own brand name.

Saphnix Life Sciences is India’s leading third-party manufacturing company with the best quality products and services. Our services are cost and time-effective, have better business results, are efficient, and help partner companies focus on core areas. With our quality and timely service, we have earned the credibility and trust of our clients.

Easy Steps for Third-Party Pharmaceutical Manufacturing

Contact us today for cost-efficient pharma services and third-party manufacturing that will boost your business sales.

Now, let’s take a look at simple steps for third-party manufacturing:

Step 1: Compile a list of requirements

First, make an elaborate list of all the pharmaceutical products you want to manufacture by a third-party manufacturer on a contractual basis. This is essential to deduce if third-party manufacturers fit your requirements.

Step 2: Select the suitable manufacturing company

Search your potential business partner via online research, connections, referrals, or simply asking around. Select the ones that match well as per your company’s requirements. You can check the companies they have worked with before and the range of their pharmaceutical products.

Step 3: Request a quotation

Send the potential companies a request for a quotation of their product cost, minimum quantity, your requirement, securities, etc. Sens an accurate estimate of your requirements.

Step 4: Place your final order

After receiving the quotation from your chosen companies, go through each quotation carefully and choose the one that completely fulfills all of your requirements. Send the final order quantity and product composition to the selected third-party manufacturer.

Step 5: Get an order confirmation.

Send out a request for order confirmation to your chosen third-party manufacturer and once it is confirmed, proceed with the deposition of the partial amount in advance.

Step 6: Finalize the product package artwork

Make your contribution to the designing and packaging of the product by checking your brand name on cartons, logo design, color combination, package information, composition, manufacturing details, marketing company name, address, etc.

Step 7: Documentation process

Make sure to submit the necessary documents, including company profile, drug licenses, identity proof of the director (Aadhar card, Pan card), sales tax/TIN registration certificates, GST number, manufacturing agreement, and certificate for non-resemblance.

Step 8: Product delivery

After the documentation process, you will get a quotation from the third-party manufacturer regarding the product and additional requirements. This can differ from company to company. Henceforth, your products will be dispatched to your preferred address once everything is settled.

Contact Saphnix Life Sciences for cost-efficient third-party pharmaceutical manufacturing services!