Benefits of Third Party Manufacturing of Pharmaceuticals - PowerPoint PPT Presentation

About This Presentation
Title:

Benefits of Third Party Manufacturing of Pharmaceuticals

Description:

ADVANTAGES OF THIRD PARTY MANUFACTURING IN PHARMA INDUSTRY. Read more: One of the most important benefits of third party manufacturing in pharmaceuticals is that it can significantly lower your operating expenses. Here you know the advantages of third party manufacturing in India. Further details please call us at:+91 982 444 3968 or visit our website: Bellow you can find us at social media: Facebook: Twitter: Linkedin: Instagram: – PowerPoint PPT presentation

Number of Views:18

less

Transcript and Presenter's Notes

Title: Benefits of Third Party Manufacturing of Pharmaceuticals


1
BENEFITS OF THIRD PARTY MANUFACTURING OF
PHARMACEUTICALS IN INDIA
  • A Guide by Anchit Agarwal

2
Benefits of Third Party Manufacturing in pharma
franchise
3
ADVANTAGES OF THIRD PARTY MANUFACTURING IN PHARMA
INDUSTRY
  • Third party manufacturing of pharmaceutical
    business has been a widely used, popular business
    model from quite some time. It is also referred
    to as contract manufacturing.
  • You will be wondered to know that amongst the
    pharmaceutical products sold today, the majority
    are third-party products.
  • The fundamental concept of this model is to the
    production of drugs by a pharmaceutical company
    under the name or brand of another company.

4
  • The company which outsources the production work
    keeps the responsibility of publicizing and
    promoting the products and brand.
  • This business model became popular because it
    gives an excellent business opportunity to both
    parties.

5
BENEFITS OF MANUFACTURING PHARMA PRODUCTS UNDER
THE THIRD-PARTY MODEL
  • Why is this model getting such an enormous
    appeal? Here are some unique advantages.
  • Third-party manufacturers give support to
    multiple clients (notwithstanding competing) as
    per the recipes and outline provided by them.
  • The pharma company gets quality products if a
    reliable and experienced third-party manufacturer
    is selected.
  • Business expansion with low investment is
    possible using this model. It is easy to add one
    more product to the product line without
    increasing the investment much. If the
    third-party manufacturer uses standardized
    production setup, then expansion becomes
    furthermore easy.

6
  • Both product company and third-party manufacturer
    get the advantages. A third-party manufacturer
    can produce the similar product for different
    companies with different brand names. Similarly,
    a pharma company can outsource the same drug to
    different manufacturers. Thus, high levels of
    business efficiency can be achieved.
  • Cost-effectiveness is the apparent business
    benefit. The services offered by third-party
    manufacturers are less costly than managing
    in-house. The pharma company gets relieved from
    the worries of arranging the starting capital and
    recurring maintenance costs.
  • When the products are in high demand, the
    third-party production becomes highly
    cost-effective. The product owner can negotiate
    on better prices based on bulk production. The
    third-party manufacturer will fulfill the
    additional requirement at concessional rates as
    it will increase their profitability as well.

7
  • After outsourcing the production process to a
    third-party manufacturer, the pharma company gets
    an uninterrupted supply of quality drugs. The
    professionalism and expertise of both partners
    raise the bar higher and higher. The long
    professional experience of both helps in getting
    more business.
  • In short, the benefits of manufacturing pharma
    products using the third-party model are many.
    Finding an experienced, reputable third-party
    partner is a challenging task. It requires a lot
    of study and research.
  • Once you get a good partner, the rest of the
    things become easy.

8
  • If you are looking for PCD Pharma Companies in
    India then Progressive Life Care is a Top PCD
    Pharma Company in Ahmedabad located in Gujarat.
    Which offer a Pharmaceutical franchise with extra
    ordinary marketing support.
  • Also Read
  • How Pharma Companies Generate Franchise Queries
    and Boost Business?
  • How to start a successful Business in
    Pharmaceutical Sector?

9
Contact US
Website
http//www.progressivelifecare.com/
Phone No (91) 982 444 3968
Email IDprogressivelifecare_at_gmail.com
Timing Mon to Sat 11Am To 7PM
Write a Comment
User Comments (0)
About PowerShow.com