Contract manufacturing organizations (CMO) provide various manufacturing services to the pharmaceutical and biotechnology industries from the stage of drug development to the full-scale production. These organizations can be hired for the manufacturing of small quantity of materials for R&D purposes, then larger amount for the clinical studies and finally for the full-scale production. Contract manufacturing…
The pharmaceutical industry in India ranks 3rd in the world in terms of volume and an impressive 14th in the world in terms of value. This makes it an important milestone in the pharmaceutical industry in the world. The information below highlights the important aspects of India’s pharmaceutical industry. MARKET In 2015-2016 the industry recorded…
PHARMA FRANCHISE COMPANIES When a company grants an individual or entity authorization to conduct commercial activities on its behalf, it is called franchising. Companies are willing to grant this authorization because it provides a convenient, cheaper and cost-effective way of promoting, marketing and distributing their brand. Pharmaceutical companies are not exception. Pharmaceutical companies often grant…
The pharma industry is one of the most sought after, and flourishing industries. It is the main reason for the economic wellbeing of a nation. One can say that the pharma industry as such is responsible for the economic development, as it contributes majorly towards the economy of a country. The reason being, nobody wants…
India remains a shining light in the international pharmaceuticals industry thanks to its low cost manufacturing, skilled workforce and infrastructure. These great attributes have catapulted India into one of the major players in the generics production segment. In addition, the country has a huge domestic market, which fuels its world dominance in the pharmaceuticals industry.…
In the pharmaceutical industry there is a category of companies that have tasked themselves to help other companies provide better services to clients. This category of companies is commonly referred to as contract manufacturing organizations, (CMOs). This name is brought about by their nature of business. They operate on contract basis to help other companies…
India has, slowly but surely, been taking a stronger position in the global marketplace in almost every industry. It possesses the sheer manpower to make most forms of manufacture easy and a rapidly developing top quality education system which is encouraging innovation and new idea implementation at massive rates. India has even gone from strength…
With the increase in competition, it has really become tough for the new companies to enter into the current pharmaceutical manufacturing market. Even if they manage to enter into the business, most of the companies do not possess the required resources to sustain their business. The resources are not always the confined to the raw…
In spite of the economic downturn, the growth of the franchising industry in India has maintained a positive slope. There are different reasons for the increase in the franchising industry. There are different sectors for which the foreign companies are looking to get a franchise in India as it has enhanced the limits of business…
Most of us know that India has been doing really great in the pharma sector since last few years. The pharma sector of India is growing at an impressive rate. There are many reasons that have contributed to the success story of Indian pharmaceutical industry, such as low cost of production, skilled workforce, and robust…