WHAT IS THIRD PARTY MANUFACTURING/ CONTRACT MANUFACTURING?

First of all, let's explain what Third-Party Pharma Manufacturing is all about. Third-Party manufacturing or Contract Manufacturing is a process that involves the production of goods by a company, branded or packaged by another company.

Contract manufacturers offer this service to a variety of companies based on designs, formulas, and specifications of their own or of customers.The pharmaceutical company has a substantial share in the manufacture of contracts.

The Third-Party Manufacturing trend in recent years reveals that many pharmaceutical companies depend on Third-Party manufacturers for their pharmaceutical production demands to achieve cost and capability efficiencies or to access specialized experience that is not available in-house.