What Are the Benefits of Pharmaceutical Contract Manufacturing
Pharmaceutical Manufacturing

What Are the Benefits of Pharmaceutical Contract Manufacturing?

Contract manufacturing organizations offer various manufacturing services to the pharmaceutical and biotechnology industries. Right from drug development to full-scale production, they can help you. These pharma organizations can help manufacture a small number of materials for R&D purposes, then some more for clinical studies, and ultimately for full-scale production.

As per the 2012 Informa report named “The CMO Market Outlook to 2017”, the global spending on contract manufacturing touched the US $31.9 billion in 2011. The CMO industry has encountered double-digit growth in the past two decades, and that trend is projected to last for the next five years.

Benefits of Pharmaceutical Contract Manufacturing

Some of the benefits of pharmaceutical contract manufacturing are discussed below:

  • Advanced Skills
    • Bringing a new drug to the market quickly at affordable rates requires considerable investments in the manufacturing process. Due to the demand in the pharmaceutical industry, the use of advanced technologies and skills for manufacturing has become imperative. Even the biggest pharmaceutical companies find it challenging to have such expertise and resources.
    • CMOs have already established expertise and WHO-GMP-certified facilities to manufacture at full scale. They have strong connections with the raw material suppliers and have included various efficiency methods to produce at the lowest possible operational expense.
  • Global Presence
    • A pharma company can enter into new markets with the help of a CMO at minimal financial risks. No local investment is required in the capital, time, and executive talent areas. In some cases, the CMO may also take care of marketing and sales for its clients. Entering into new markets via joint ventures and FDI exposes an organization to financial and political risks. Pharmaceutical contract manufacturers can help such organizations in minimizing these kinds of risks.
  • Cost-effectiveness
    • The development of a new drug requires a substantial initial investment and comprehensive research. After making a massive investment in R&D, more investment is required for setting up a manufacturing facility. A company can save on extensive labor costs such as training, wages, and fringe benefits through contract manufacturing. On the other hand, a CMO has an already established market reputation and infrastructure to produce the drug at much cheaper rates.
  • Quality Assurance
    • CMOs have a pre-established drug quality check process in place that has been improved over the past couple of years. They have been manufacturing in compliance with numerous standards used in different countries and have specific systems to control the quality of the end product. CMO helps small companies utilize such quality control procedures to ensure compliance with diverse quality standards worldwide.

JoinHub Pharma – Pharmaceutical Contract Manufacturer

JoinHub Pharma is a Pharmaceutical Contract Manufacturing Company established and initiated with an aim to offer the best quality medicines at affordable rates. GMP quality assurance procedures ensure optimal performance of all pharma products. By using the latest equipment, the automated and modern pharmaceutical drug manufacturing process has been set. We offer a wide range of services with timely and reliable assistance to all our customers.

What do pharmaceutical contract manufacturers do?

Pharmaceutical contract manufacturers in India serve many purposes. They can help you relieve the burden of production off drug organizations by offering services such as:

  • Drug development
  • Manufacturing and commercial production
  • Process equipment fabrication/set up
  • Documenting FDA regulations and obtaining compliance
  • Pre-formulation
  • Stability studies/method studies
  • Pre-clinical to late-stage clinical trial material
  • Scale-up, registration batches
  • and more.

We manufacture a wide range of branded and generic medicines in almost any form. Distributors, importers, and agents are always welcome to collaborate with us and market our products in their national markets.

We produce medicines quickly at an affordable rate. Moreover, we can assist your bottom line and help you compete in the market. Get in touch with JoinHub Pharma – a reputable pharma contract manufacturing company today!

How Do You Choose The Right Pharmaceutical Contract Manufacturer For Your Pharma Products In Latin America
Pharmaceutical Contract Manufacturer

How Do You Choose The Right Pharmaceutical Contract Manufacturer For Your Pharma Products In Latin America?

The development of a new medicine is a complex task and requires many iteration and decisions before a commercial launch. Some biotech and pharmaceutical companies in Latin America choose to outsource most or all of their medicine manufacturing efforts throughout the development phase with a contract manufacturing organization.

However, choosing the right contract manufacturer in Latin America is crucial in pharma manufacturing to ensure product success as well as your pharma company’s performance.

Enlisting the right pharmaceutical contract manufacturing organization is a critical decision that puts your brand’s reputation, supply chain, and patient safety in someone’s hands. For the best pharma product manufacturing relationship, here’s how to choose the right contract manufacturer.

Know What You Need From Them

The first step of choosing the right contract manufacturer in Latin America is to know precisely what you need. There are various CMO relationships you can have based on your business needs. For example, a tactical contractor is ideal for a single project or to become a helping hand in in-house productions.

Working with a contract manufacturer in South Africa can allow you to establish an ongoing and long-term relationship without giving too much control over decision-making. Otherwise, a strategic partnership with a CMO is a long-term relationship between you and the CMO to accomplish defined business goals by maximizing the effectiveness of each participant’s resources.

Many pharmaceutical companies in Latin America and South Africa are looking for a reliable CMO to support their projects-right from the development phase to clinical trials and commercial pharmaceutical API manufactures and production and drug manufacturing, product formulation, and packaging. For these pharma companies, a strategic partnership is the best option.

 

Create a List of Top Contract Manufacturing Organization

Create a shortlist of top pharmaceutical Contract manufacturers you’re interested in working with, and analyze every CMO on the same characteristics and needs to single out the right partner eventually. Finding contract manufacture in Latin America is as simple as searching local CMOs or asking industry colleagues for references.

Ensure Quality and Compliance Standards

For safety and your reputation, the pharmaceutical contract manufacturing service you choose should be reliable. Make sure that they have a strong standing with regulatory agencies like the FDA and WHO. Check if they have had in past relationships for gaps in quality and consistent drug manufacturing.

Do not forget to request a report of their recent inspections, audits, and investigations. You won’t want to hire Third-Party contract manufacture in Latin America, Middle East, and South Africa that doesn’t host regular inspections and audits—or one that may be hiding their poor results. This could result in your product shipments’ drug delay or cancelation due to your contract manufacturer’s poor compliance.

Consider Their Experience and Expertise

Considering the capabilities of potential CMOs is an essential step in the process. You’ll need to determine if your pharmaceutical drug manufacturer has the capability and expertise required to manufacture your product. To do so, think about their expertise and experience. You do not want to become the trial run for your CMO, so find out about their previous experience.

Read research and reviews, ask for referrals, or consider hiring a consultant to help evaluate CMO’s profile. You must request that your CMO share key performance indicators they have in place and their success in meeting client expectations.

When evaluating their expertise, you’ll have to make sure it is in the realm of what you’re looking for. This shows they can finish similar needs. However, don’t just assume they have the right capabilities depending upon what they’ve done previously. You’ll still have to be upfront about exactly what you are looking for to make sure they meet your individual expectations and requirements.

Room for Growth

Like choosing a CMO with broad pharma manufacturing services, the pharmaceutical contract manufacturer in Latin America should provide room for growth. An ideal CMO can grow with your pharma product’s success. As such, this contract manufacture should have the proper equipment, staffing, and flexibility to handle your production cycle as it grows.

Confidentiality

The issue of confidentiality can be crucial when it comes to formulation development. A confidentiality agreement is a must-have document, and it should be draft in a way to benefit both parties. Evaluate how the potential CMO ensures confidentiality. The pharmaceutical contract manufacturer should have a system in place that limits the usage of client names or initials, locks data in a secure area, and sends separate client passwords for electronic access to documents.

There are many things to consider when choosing the right CMO in Latin America for your pharmaceutical product. Carefully assessing your needs, capabilities, reputation, the CMO’s abilities, and previous expertise is the ideal way to build a successful partnership.

 

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