Posts

Showing posts from December, 2023

Third Party Manufacturing | Plenum Biotech

Image
With the opening of the India economy to the world, the Indian pharmaceutical industry, by virtue of its inherent strength of a large pool of scientific community, massive manpower, and cheap labour, was assured to become a leading Third Party Manufacturing Pharma Company . In order to achieve a goal in the global pharma market, it was vital that Indian companies upgrade technology, adopt strict quality control procedures, and evolve a culture of living up to strict delivery schedules. In an effort to manufacture medicine at affordable prices, best in class manufacturing plant, and machinery backed with skilled team of professionals have been put in place at Plenum Biotech , which was incorporated in 2012 Panchkula, Haryana and since then we have grown from two man operation to fully functional state-of-the-art manufacturing facilities, latest machinery, equipment, and testing instruments. Our Manufacturing plant meets ISO-GMP-WHO norms to manufacture products to maintain the efficacy...

Advantages of Third Party Manufacturing Pharma Company | Plenum Biotech

Image
  What is Third Party Pharma Manufacturing? Third Party manufacturing  is also known as  contract manufacturing . A pharma contract manufacturer is a company that specializes in producing products of another company under its label or brand name. In the case of pharmaceutical manufacturers, they will produce medicine based on designs submitted and approved by the company that has contracted with them to manufacture Pharma medications. The  Third party pharma manufacturing  model helps organizations streamline operations, research, and development efforts as well as bring healthcare products such as generic drugs to market faster than those created using traditional manufacturing models. In the world of pharma franchise distribution and selling medicine, contractors play an important role. The people who manufacture medicine usually know a lot about what goes into it, how it should look, and how to sell it. But there’s one thing they often can’t do themselves: ac...

Steps involved in Third Party Manufacturing | Plenum Biotech

Image
Third Party manufacturing Pharma is also called Contract manufacturing or outsourcing that is a business arrangement in which a company hires an external manufacturer to produce the products. This business model allows small pharma companies to focus on core competencies while giving access to expertise and resources of specialised manufacturing partners. Let’s discuss the steps involved in Third Party Manufacturing from initial step to final step. Product requirement and planning: The initial step in third party manufacturing is conceptualization of product and planning in which the client or the brand owner shares the product requirements, specifications, and objectives. This involves multiple aspects that are product features, materials, packaging, and target market. The client conducts regular market research and analysis to identify needs of market, consumers and preferences to ensure products align with market demand. Selection and Sourcing of third Party Manufacturer Product ...