Third Party Manufacturing | Plenum Biotech

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, quality.

What is Pharma Third Party Manufacturing?

Third Party manufacturing is also known as contract manufacturing. A Pharma contract manufacturer is a company that specialises in producing products of another company under its label or brand name. In the case of pharmaceutical manufacturers they build prescription medications for companies based on designs submitted or approved by the company that has contracted with them to build products. The Pharma contract manufacturing helps organisations streamline operations, research and development efforts as well as bringing healthcare products that are generic drugs to market at faster pace than those created using traditional manufacturing models.

In the world of pharma franchise distribution and manufacturing, contractors fulfil an important role. Contract manufacturers usually have the pharmacists expertise in manufacturing healthcare products, designing products as per market trends, and an expert sales marketing department to sell them. While they do have this knowledge that characterises a healthy business, however there is one important area where their knowledge falls short of making medicine for them. They can’t manufacture them because they don’t have the experience or facilities. At times demand is high for an pharmaceutical ingredients manufacturer’s own facility to meet but its active involvement in the overall production cycle is not always necessary anyway due to already having manufactured enough stock in hand, so they might choose third party manufacturing by producing orders.

Advantages of Third Party Manufacturing in Pharma

There are several reasons why using Third Party contract manufacturing is beneficial for a pharmaceutical industry and here are some of them:

Reduced costs: Third Party manufacturing helps pharmaceutical companies save money on manufacturing costs. This can free up resources that can be used for other areas of the business, such as research and development.

Faster time to market: They can help pharmaceutical companies bring their drugs to market faster. This can give them a competitive advantage and help them to capture a larger share of the market.

Improved quality: They are subject to the same strict regulatory standards as pharmaceutical companies. This means that they can help to ensure that drugs are manufactured to a high quality standard.

Reduced risk: By outsourcing manufacturing, pharmaceutical companies can reduce their risk of manufacturing problems. This can help to protect their reputation and their bottom line.

Access to new technologies and expertise: We are leading Contract manufacturers and are constantly investing in new technologies and expertise. This can give pharmaceutical companies access to the latest advancements in manufacturing, which can help them to develop new and better drugs.

Conclusion

Third Party Manufacturing Pharmaceutical in India plays an important role and Plenum Biotech is a top leading pharma manufacturing company. With our steady dedication to quality, innovation, and strategic partnerships, we present the essence of successful third party manufacturing. For more details and services, contact us now.

Contact details:

Name: Plenum biotech Pvt Ltd

Contact No.: +91-7717389581

Email at: plenumbio@gmail.com

Address: Plot No.463, Industrial Area, Phase-1, Panchkula, Haryana.