Pharmaceutical Contract Manufacturing
Pharmaceutical contract manufacturing refers to the service performed by a contract manufacturer who produces goods or services for a pharmaceutical company. These services are outlined in a contract before the actual manufacturing takes place, ensuring profit for the contract manufacturer.
Pharmaceutical companies often hire an outside company to package and label their products. Although the pharmaceutical company does not actually manufacture the product, its name appears on the product when it is sold. If provided with specific instructions, contract manufacturers can make the pills and lotions sold by a pharmaceutical company, in addition to containers or packaging.
In addition to manufacturing, contracting has also become more and more prevalent in the area of research. Pharmaceutical research contractors offer many different services, including product development and formulation, clinical trials, and the completion of FDA New Drug Applications. These contractors also provide the manpower needed for companies who do not have staff skilled in the research area.