Creating a biotech product starts with an idea and research and ends with a CDMO pharmaceutical manufacturer. Once your product is FDA-approved for sale to consumers, you need to find a way to package it for use. There are a couple of valid reasons for engaging the CDMO pharmaceutical manufacturer for this project.
A One-Stop Shop
A pharmaceutical manufacturer can take your product and not only package it for you, but also mass produce it for you. You don’t have to hire a separate company in this case to first make the biotech product and then hire a separate company to package it. One location and one company can do it all for you.
Distribution Is Handled Too
Once the product is made and packaged for you, you don’t have to handle the shipping and distribution of either. The pharmaceutical manufacturer can take care of that. Provide the partnerships you currently have in whatever states and/or countries, and the packaged product is shipped there. All you have to do is place the invoices and purchase orders with the pharmaceutical company. You are essentially the mediator, and the pharmaceutical company is your agent.
Paying Them for Services Rendered
Hiring the pharmaceutical manufacturer comes out to either paying them a percentage of the profits or paying a flat rate for products produced and shipped. You can work out the details when you initially meet with them to discuss what services you need. If you are ready to hire, consult Renaissance Lakewood, LLC, via https://www.renpharm.com
