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Third Party Manufacturing Products: A Strategic Growth Model for the Pharmaceutical Industry

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  The pharmaceutical industry is highly competitive and capital-intensive, especially when it comes to setting up manufacturing infrastructure. To overcome these challenges, many pharma brands and startups are turning to Third Party Manufacturing Products as a smart and cost-effective business model. Also known as contract manufacturing, this approach allows pharma companies to get their products manufactured by specialized manufacturers while focusing on marketing, branding, and distribution. With increasing demand for quality medicines and regulatory compliance, third party manufacturing has become a backbone of the Indian pharmaceutical sector. Understanding Third Party Manufacturing Products Third Party Manufacturing Products refer to medicines and healthcare products that are manufactured by one company on behalf of another company. The manufacturing unit handles formulation, production, quality testing, and packaging, while the marketing company sells the products under its ...