What are the requirements for third party manufacturing?

Third-Party Manufacturing is the best way to outsource our drugs without setting a production plant. Recently, this is a popular strategy in the market as you can get topmost quality drugs at reasonable rates. Some companies that have their production units also opt for third-party manufacturing services. Below we have mentioned some tips and requirements that can help you in starting third-party manufacturing services.

Choose a company name

This is an important task as it is the main identity of the company. It should be unique, satisfying and easy to pronounce. Keep in mind that there should be no silent characters in the company name.

Apply for Company Registration

There are numerous ways to register a pharmaceutical company. Here are the documents and procedures needed to register a pharmaceutical company.

• Drug license
• GST Number
• Trademark registration

You can register as:

• One person company
• Limited liability company
• Public company
• Private limited company

Requirements to apply for company registration:

• Digital signature certificate
• Director identification number
• PAN Card
• Tax deduction and collection number
• Identity Proof (Aadhar Card/Passport/Driving License)
• Passport photo
• Address proof

Make a List of Desired Products and Request for Rates

Make a list of companies that can provide you with high-quality drugs and reliable services. Choose one company to collaborate with and send them an email or call to request a quote that includes product cost, security, minimum quality of delivery schedule, and so on. Send a quote for the smallest batch size and the lowest possible rates on a third-party basis.

Finalize Your Order Quantity and Product Composition

Now finalize and place the order for your desired products. Make sure your quantity is 500 boxes, for injections – 2000 units, and syrups – 2500 bottles.

Placing the Order

After you have finalized the product composition and order quantities, you could perhaps place a purchase order with the third-party manufacturer of your choice. You should also ask the manufacturer to confirm the products you've ordered. Following confirmation, the partial advance amount should be deposited to begin the process.

Packaging Material

After everything is finalized and the order is placed, make sure to finalize the packaging material and the artwork on the outer packing. Make sure it is highly attractive and safe for the formulations.

Products Delivery

After the products are manufactured, you will receive a quotation from the manufacturer detailing the product's specifications as well as the balance that must be deposited. Following the submission of documents and the clearance of accounts, your manufactured products will be shipped via your preferred transporter.

Lifecare Neuro is the best pharma manufacturing company to offer the best and genuine services across the nation. Our company has highly furnished manufacturing units and is located in the excise duty-free areas. We make use of the pure and safe raw extracts that are sourced from the leading pharma merchants of the industry. We offer our customers fully integrated contract manufacturing and development solutions, including early manufacturing, commercial manufacturing, and packaging.