Third party manufacturing is no longer a new term as many pharma companies have opted it to grow and expand their existing pharma business. The 3rd party manufacturing has become the great support for all the pharma companies who don’t have their manufacturing units. Many small scale companies get the opportunity to have their business with pharma manufacturing services.
Saphnix Lifesciences is one of the proficient third party pharma manufacturers in India. If you are new to the 3rd party manufacturing term and searching for the relevant information about it. Then you must read this article where we have to describe What One Should Look in Third Party Pharma Manufacturing Agreement? What is Third Party Manufacturing? Third party manufacturing is known as when a pharma marketing company get their products manufactured with their brand name from the pharma manufacturing company. At present, it is very popular as numerous marketing companies have opted this. Even the leading pharma companies who have their manufacturing plants get their products manufactured through third party manufacturing. As such the marketing company don’t want to take burden or stress of manufacturing. Third Party Pharma Manufacturing Agreement In third party pharma manufacturing agreement one should consider the following things set by the company: Costing – The general policy of product costing set by the company: • Cost of raw materials includes the cost of excipients and active ingredients • Cost of packaging material covers the cost of labels, PVC, tape, carton, foil, tape, shippers etc. • Cost of batch charges includes the cost of manufacturing, transportation, and quality charges. Taxation CST is charged 2.0% as per the Central Govt. Exemption Notification Central Excise is charged 0% as per the Central Govt. Exemption Notifications. Outward Transportation – By using their transport vehicle we cut down the cost of local transports. Transit Insurance – All our suppliers are covered under the transit insurance. Order and Supplies The written format is preferable by the companies, you can order us through email. We make sure that your complete first order is delivered between 45 days. And the further orders will be executed within 30-40 days. Payments Most of the companies demand an advance payment of 50% along with order as a confirmation of order and balance at the time of dispatch. Packaging Material The cost of the printed packaging material is borne by you. The company used the best packaging material and take care of the procurement of packaging materials on your behalf. Benefits of Opting 3rd Party Manufacturing Services
Conclusion We hope that you have got the idea about the third party manufacturing and its benefits. If you are searching for the reputed and trusted pharmaceutical company then Saphnix Lifesciences is considered one of the best. Be our strategic partner and run your pharma franchise business successfully.
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