Every pharmaceutical start-up needs to make an inevitable decision, whether to develop and produce their drugs in-house or to outsource them. Determining what is best for your company is not easy as there are many factors to consider like timeline, predicated growth expectations, short-term and long-term goal of the company and the products etc. before coming to a conclusion. Here are some pros and cons in choosing to use a drug intermediate manufacturer in India,
- If a drug company has a proprietary right to a product which is responsible for most of their annual income, then it is recommended to keep the manufacturing process in-house as any margin for errors could severely affect the brand name. On contrary, for an established drug like 4-(2-Chloroethyl)morpholine hydrochloride, it makes more sense to outsource them.
- In-house productions provide the company ultimate control over the quality and the quantity of the products. Also, the company can easily change scope, adjust timelines and increase/decrease volume based on the market demand. However by hiring Pharmaceuticals intermediate manufacturer in India, you can avoid the struggles involved in building and running a production facility.In earlier stages, the regulations involved are more flexible. Thus you can compromise on the size and other requirements if the drug development is done in-house and the manufacturing is outsourced.
- Other than that, outsourcing drug manufacturing is more cost-effective. You can have access to special machineries without making a considerable capital investment.
Examine each factor carefully and decide what you want, the future of your company depends on it.