In May, the DTAB (Drugs Technical Advisory Board) gave a green flag to the recommendation for amending the Drugs & Cosmetics Act. This makes pharmaceutical marketing firms in Latin America and the Middle East liable for any negligence in the regulations. Earlier, the company marketing substandard medicines was not held accountable for making patients consume low-quality medicines in India.
This has put immense pressure on the Pharma Marketing Companies in Latin America to go for the reliable and trusted third-party pharma manufacturing companies in India, which follow all quality standards and regulations by the FDA and other authorities.
So many times, big pharmaceutical companies get their medicines manufactured by smaller pharma companies. Today, only the manufacturer can be held responsible if something (a violation) happens (Product quality). Now, legal action can be taken against both the manufacturer marketing company.
This amendment has made pharma professionals reconsider what to expect from third-party Manufacturing pharma. Third-party manufacturing has shown tangent growth of late in most medicine production as it reduces a good amount of cost and benefits the big pharma companies.
There are numbers of third-party Pharma Manufacturing Companies in Latin America which practice quality manufacturing for drugs and follow norms. All one has to do is select the right company to avoid any sort of illegal trouble. At the same time, Pharma manufacturing in India needs to upgrade to the best manufacturing standards.
The pharmaceutical industry in Latin America has gained prominence since the 1970s, but not much attention was given to the manufacturing standards. After almost 48 years, the scenario is completely different. 9% of the pharma market is oriented, 70% is generic, and the remaining 21% is over-the-counter (OTC). To stay ahead in this highly competitive sector, the company has to put its best foot forward.
Why Do Pharma Companies Go For Third-Party Pharma Manufacturing?
Third-party pharma manufacturing is a hassle-free process that attracts many pharma marketing companies in the Middle East and Latin America. There are approximately 250 large units and almost 8,000 small scale units, which constitute the core of the pharmaceutical industry, and these companies go for third party pharma manufacturing services in Latin America because of the following reasons:
- Pharma companies in Latin America can get time to work on the global expansion.
- Cost-effective Manufacturing
- Variety of Medicine to market in Industry
Third-party medicine manufacturing companies must pay special attention to the medicine’s quality at every level of manufacturing. It is pharma companies’ responsibility to utilize high-quality ingredients, chemicals for the formulations.
Experts at JoinHub Pharma have only tips for the pharma marketing company, i.e. ‘Choose the right third-party Pharma Manufacturing company in Latin America which is approved by authorities and follows the norm. One should always go the extra mile to find a reliable third-party manufacturing company that can offer the best third-party pharma manufacturing services at affordable rates.
Today, many pharma companies are looking for cost-effective and innovative ways to manufacture medicines, and third-party manufacturing is the best choice. JoinHub Pharma is one of the most trusted and reliable third-party Pharma manufacturers in Latin America and the Middle East, which is offering manufacturing of medicines at affordable rates.
In this evolving world of pharma medicine, the future of third-party pharma manufacturing is continually improving, and JoinHub Pharma plays a crucial role in keeping up with the evolving future of third-party Pharma manufacturing in Latin America and the Middle East.
About JoinHub Pharma
JoinHub Pharma is a leading third-party manufacturing Pharma company in India. The company has WHO-GMP & EUGMP Certified state-of-art manufacturing facilities at Gujarat State, India. The facilities are home to a portion of the famous branded medicines of the country.
We currently manufacture a wide range of medicines from Antibiotics, Antidiabetics, Antipsychotics, Vitamins, Antidiarrhoels, Dermatological, Antacids, to Tranquilizers, etc. utilized by people. We have also secured a good rank in the list of top 100 pharma companies in India in 2020.
The third-party manufacturing pharma products are manufactured according to the master formulation, prepared by trained staff at JoinHub Pharma, adhering to purity and elevated standards. All products are accordingly manufactured and packaged in strict accordance with good manufacturing practices. We provide quick delivery of orders.
Due to our world-class third-party manufacturing facilities, we efficiently manufacture a diverse range of drug formulations in several segments. We are fully dedicated to the quality of medicines, and thus our medicines are recommended by many licensed doctors.
If you’re looking for reliable third-party medicine manufacturing companies in Latin America, contact JoinHub Pharma. We deliver what it takes to be the top third-party manufacturing Pharma or the best Third-Party pharma manufacturer in Latin America.
Be part of one of the best and reliable third-party manufacturing pharma companies!
