Easy Steps for Third-Party Pharmaceutical Manufacturing

November 1, 2022Saphnix Life Sciences third party pharma manufacturer

Ever heard of contract pharma manufacturing? Or third-party pharma manufacturing?

Easy Steps for Third-Party Pharmaceutical 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. There are several benefits of Third party pharma manufacturing including time and investment savings, quality products, etc.

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 third-party manufacturing by collaborating with a manufacturer and selling their products under their 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

Step 1: Compile a List of Requirements
Begin by listing all the pharmaceutical products you need to manufacture. This helps clarify if a third-party manufacturer aligns with your goals.

Step 2: Select a Suitable Manufacturing Company
Research potential business partners through online resources, referrals, or industry connections. Choose companies that meet your requirements. Evaluate their past clients and product range to ensure a good match.

Step 3: Request a Quotation
Send a request for a quotation, including details on product cost, minimum quantities, and any specific requirements. An accurate estimate will ensure relevant quotes.

Step 4: Place Your Final Order
After reviewing the quotes, choose the best fit. Send the final order quantity and product specifications to the selected manufacturer.

Step 5: Get Order Confirmation
Request an order confirmation and, once received, proceed with the advance payment to secure your order.

Step 6: Finalize Product Package Artwork
Participate in the product packaging design, ensuring brand details like logos, color schemes, and essential product information are accurate.

Step 7: Complete the Documentation Process
Submit required documents, including a company profile, drug licenses, director identification, sales tax/TIN, GST number, and the manufacturing agreement.

Step 8: Product Delivery
After documentation, the manufacturer will finalize product requirements. Your products will then be dispatched to your chosen address.