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What is contract manufacturing?
Contract manufacturing is a business model in which a company hires a manufacturer to produce its products or components. It is a type of outsourcing that allows businesses to concentrate on their core competencies and competitive advantages while outsourcing manufacturing to a specialized company.
Contract manufacturers typically have the expertise and resources to produce high-quality products on a large scale, in a timely and cost-effective manner. They can also offer a variety of services, including product design, engineering, prototyping, testing, and packaging.
Contract manufacturing has numerous advantages, including:
- Cost savings: Contract manufacturers can help businesses save money on labor, equipment, and overhead.
- Improved quality: Contract manufacturers typically have strict quality control procedures in place, which can assist businesses in ensuring that their products meet high standards.
- Increased flexibility: Contract manufacturing allows businesses to scale up or down production as needed without investing in manufacturing facilities.
- Access to expertise: Contract manufacturers have the knowledge and experience to produce a wide range of products, including those that are complex or specialized.
As a result, contract manufacturing is widely used in a variety of industries, including electronics, automotive, aerospace, medical devices, and consumer goods. Apple, Nike, and Tesla are examples of well-known companies that use contract manufacturing.
Why is contract manufacturing good for pharmaceutical industries?
Contract manufacturing benefits the pharmaceutical industry for a variety of reasons, including lower costs, higher quality, greater flexibility, and easier access to expertise. In addition to these general advantages, contract manufacturing can assist pharmaceutical companies in the following ways:
- Reduce time to market: By providing access to manufacturing resources and expertise, contract manufacturers can assist pharmaceutical companies in bringing new drugs to market more quickly.
- Expand into new markets: Contract manufacturers can assist pharmaceutical companies in expanding into new markets by providing access to manufacturing facilities in various countries.
- Reduce risk: By outsourcing the manufacturing of their products to a specialized company, pharmaceutical companies can reduce risk. This is especially important for pharmaceutical companies developing new drugs with a high risk of failure.
Here are a few examples of how pharmaceutical firms use contract manufacturing:
- A large pharmaceutical company may contract out the production of one of its generic drugs to a contract manufacturer.
- A small pharmaceutical company may hire a contract manufacturer to manufacture a new drug that is still in clinical trials.
- To produce its drugs in a new market, a pharmaceutical company may hire a local contract manufacturer.
What needs to be considered when considering contract manufacturing in Thailand?
Thailand is a major contract manufacturing center for pharmaceuticals. The country is home to a number of world-class contract manufacturers who produce a wide range of pharmaceutical products such as generic drugs, branded drugs, and biopharmaceuticals. If you are considering pharmaceutical contract manufacturing in Thailand, it is critical to conduct research and select a contract manufacturer that is a good fit for your requirements. Here are some things to think about.
- Regulatory Compliance: Understand the pharmaceutical regulations, compliance requirements, and guidelines for manufacturing, quality control, and product registration in Thailand, which is currently under the control of the Thai Food and Drug Administration (Thai FDA).
Currently, the Thai FDA requires every manufacturer of pharmaceutical products to comply with the European Union version of the Good Manufacturing Practice – Pharmaceutical Inspection Co-operation Scheme or GMP PIC/S since 2011.
- Quality Control and Assurance: Make sure that the manufacturer has provided robust quality control and assurance processes to ensure the safety, efficacy, and quality of your pharmaceutical products.
- Supply Chain Management: Make sure that the manufacturer has built a reliable supply chain for sourcing raw materials, active pharmaceutical ingredients (APIs), packaging materials, and other necessary components for manufacturing your pharmaceutical products.
- Skilled Workforce: Make sure that the manufacturer has employed a skilled workforce with expertise in pharmaceutical manufacturing, quality control, research and development, regulatory affairs, and other relevant areas.
- Intellectual Property Protection: Make sure that the manufacturer has a measure to safeguard your intellectual property by understanding local patent, trademark, and copyright laws. We recommend working with legal experts to take care of your legal issues in Thailand.
- Environmental Considerations: Make sure that the manufacturer has implemented environmentally friendly practices and waste management systems to minimize the environmental impact of the manufacturing operations.
- Technology and Innovation: It is beneficial if the manufacturer embraces technological advancements in pharmaceutical manufacturing, such as automation, data analytics, and digitalization, to enhance efficiency, productivity, and product quality.
- Distribution and Logistics: It is beneficial if the manufacturer also develops a solid distribution and logistics network to efficiently deliver your pharmaceutical products to local and international markets.
Seven Stars Pharmaceutical, the best option for pharmaceutical contract manufacturing in Thailand
If you are ready to manufacture your medicine in Thailand but do not yet have the capacity to do so. Seven Stars Pharmaceuticals is ready to provide you with a stop-gap solution because we are one of the leading pharmaceutical contract manufacturers in Thailand that are currently certified under GMP PIC/S, SGS International, and ILAC-MRA. Seven Stars Pharmaceuticals can provide highly cost-effective manufacturing capacity for products with consistent quality and safety, currently preferred by many domestic and international pharmaceutical companies.
Seven Stars Pharmaceutical currently offers a manufacturing solution as both contract manufacturing using your own formulas of your original drugs, or our available Thai FDA-certified formula of generic drugs, and as Original Design Manufacturing (ODM) with one-stop services from concept consultants, product development, product registration for approval and certification from local regulators, manufacturing, and distribution of final products in forms of conventional and sugar-coated tablets, effervescent tablets, soft and hard gelatin capsules, solutions and suspension liquid drugs, jelly strips, powder sachets and bottles, metered dose inhalers, ointment, external-use cream, and gel.
Also, Seven Stars Pharmaceutical is not only capable of manufacturing various types of pharmaceuticals, but we are also able to manufacture veterinary drugs, vitamins and supplementary, cosmetics, and consumer products that include active pharmaceutical ingredients such as soap, toothpaste, and mouthwash. Not only manufacturing, we are ready to provide you with distribution and logistics solutions to help you penetrate local Thai markets.
If you are currently searching for manufacturers of pharmaceutical or health products in Thailand, we recommend you contact our sales at Seven Stars Pharmaceutical through firstname.lastname@example.org or phone number +662 420 3887 and 88.
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