A pharmaceutical medicine has two identities: there is the drug, and then there is the commercial aspect. The formulation and manufacturing aspects of the drug come into play with respect to the first part. The marketing aspect involves pricing, packaging, distribution, and the availability of the drug in the market. The two aspects should work in tandem with each other. This is why it’s essential to make the choice of Third Party Pharma Manufacturers carefully. While a vast catalogue of products or an interesting price list may be impressive, they wouldn’t tell you if the business has the relevant expertise in manufacturing.
Looking at the Product Catalogue Isn’t Enough
When companies look for a suitable manufacturer, their first step usually consists in comparing the available lists of products. There are many products such as tablets, capsules, syrups, vials, ointments or nutraceuticals. At the same time, it is not enough to check the availability of a certain product to be sure that the manufacturer will fit your business.
Align Business Categories to Your Products
A pharmaceutical supplier moving into healthcare products will require pills, capsules and liquids. On the other hand, a company producing wellness products may require softgels, nutraceuticals or herbal products. In addition, the manufacturing firm should be compatible with the proposed categories of products.
Look at Formulation and Packaging Options
Two medicines from the same category can be produced with different formulations and packaging options. Therefore, explore the technical characteristics, the minimum available pack sizes and the customisation possibilities before deciding on the product.
Manufacturing Quotes Need a Commercial Approach
A low quote is not automatically the cheapest solution. The quantity of production, packaging materials, and payment conditions can all affect the final costs of the order.
Understand Batch Quantities
Minimum order quantities may differ for different formulations. When you launch multiple products at once, make sure to collect the minimum order quantity for each of the products instead of using one average value for your cost calculations.
Account for the Packaging Costs
Factors such as the cost of printed boxes, blister foils, labels, bottles, and inserts should also be factored into the final product price. It is important to find out whether the above costs are included in the quote or must be paid for separately.
Think About Repeats
Prices for the initial shipment may be different from subsequent ones. Thus, it is essential to clarify how many repeat orders are planned, shipping dates, and payment method to avoid any problems with long-term shipment contracts.
Importance of Quality Documentation
Documents play an essential role in the drug manufacturing process. For example, it is important to keep in mind the manufacturer’s documents such as a license for manufacturing or the pertinent GMP standards and WHO-GMP compliance certificates when evaluating third party pharma manufacturers in India.
Learn About Batch Testing
It is important to know how the quality of the finished product and raw materials is tested. It is essential to know what documents are necessary for the shipment.
Clarify Quality Responsibilities
One should know the working process for deviations in manufacturing, rejected batches, and product complaints. It is important to know the procedures.
Check Regulatory Requirements
Ensure that labelling, packaging, and documentation meet the regulatory requirements ahead of the artwork approval stage.
Conclusion
The manufacturing agreement establishes the way in which the manufacturing process is controlled by the company. Keeping this in mind, companies can choose the most suitable manufacturing partner after careful analysis of the manufacturers according to the commercial criteria. Companies in need of third-party pharma manufacturers can consult Grecian Pvt Ltd and discuss their needs.
