Pharmaceutical contract manufacturing can give you the agility you need to compete in today's global marketplace. Contract manufacturers in the drug industry can provide a relief valve from market pressures such as patent expiration and the demand for generics, discovering off-label uses for current formulas, pressure to speed up clinical trials, or keeping abreast on the development of new processes.
Outsourcing to contract manufacturers in pharmaceuticals can answer some of the bigger challenges in today's global market:
1. Pharmaceutical contract suppliers around the world (particularly India and China) multiply the manufacturing capacity to match growing demand from emerging markets, especially Africa.
2. New technologies in drug delivery systems allow for reformulations of existing products - opening up pharmaceutical formulation possibilities to "mix and match" drugs and delivery devices that will extend product life cycles.
3. With new demand from new markets and new diseases comes new regulation, as governments step in to monitor and control the development and manufacturing process. Pharmaceutical contract manufacturers who specialize in clinical trials can alleviate that concern.
4. Even packaging benefits from technology, particularly RFIDs to ensure more accurate and safer supply chain logistics.
Find a drug contract manufacturer that provides a full-service menu
Avoid using a pharmaceutical contract manufacturer too small to handle more than one job, leaving you with the headache of managing a long supply chain with small links. A pharmaceutical manufacturing company today should be able to handle a number of tasks, allowing you to concentrate on higher-end R&D.
Match the contract manufacturer to your pharmaceutical formulations
Choose a drug contract manufacturer that can handle the level of complexity your product development team specializes in.
Go global in your search for drug contract manufacturers
Not only does outsourcing make sense financially, but an individual company must now consider the political landscape when outsourcing. Source contract manufacturers either as close to your products' markets as you can, or in a neutral territory. Also maintain multiple outlets, as global hot spots wax and wane - any given region can be a political asset one moment and a liability the next.
- Spend time up front mapping out the supply chain, fully understanding the capabilities of your chosen pharmaceutical manufacturing companies. Once you've defined your product and process, standardize it across all parties, to smooth the flow of development, manufacture and distribution and ensure all parties comprehend their place within the cycle.
