Investing in OTC Private Labeling
According to an article posted by Investopedia on November 10th, 2009, “The private label sales have grown substantially by over 31% since 2008 and accounting for nearly 22% of market share across a variety of category goods”. More specifically, Drug Topics reports that “private label for OTC products have grown substantially and in 2008 pharmacists sold approximately 80 million prescriptions per month nationwide”. In addition, according to Healthcare Observer 2011, “the nutritional and OTC healthcare markets will grow 5% annually to $200 billion by 2015, with the correspondence to a $123 billion market in nutrition, vitamins and supplements, and a $77 billion market in OTC drugs.
Pharmatech-LLC is heavily involved in strategically investing in formulas so that either our current or new customers benefit from distributing OTC or RX products that generate quicker than usual turnarounds. The value we truly bring to our customers is to find OTC’s and Rx products that can be reformulated and offered with a higher quality presentation and long-term growth and profit sustainability.
Private Label Formulations
Pharmatech-LLC offers private label solutions for OTC’s and Rx products. Whether you need to reformulate a product or distribute a product under your own label, Pharmatech-LLC is the right source for you! Our formulators have on average 12-15 years of industry experience and continue to deliver successful formulations to customers around the world.
In addition, Pharmatech-LLC offers regulatory consulting on both label reviews and FDA authorizations in using certain combinations of active pharmaceutical ingredients. Our project coordinators work hand-in-hand with our regulatory team in assuring that products being manufactured at our USA facility meet FDA guidelines for both commercial or non-commercial release. As per our President and Founder stated “We truly understand how critical it is to release products in accordance to strict GMP guidelines so that our customers benefit in obtaining safer products”. Below are some OTC and Rx categories available for private labeling:
- Allergy Relief
- Cough & Cold
- Sleep Aid
- Anti-Itch Cream/Ointment
- Antihistamine / Antitussive
- Pain Relief / Analgesics
- Dietary Supplements
Science Driven for Private Labeling
Pharmatech has extensive years of industry experience in reverse engineering. Moreover, science has always been the backbone ever since we began doing business. Pharmatech-LLC has it owns state of the art research & development laboratory, internal QA/QC team and investment R&D strategies so that we increase the speed in getting products to market.
Finding the Right Partner
In today’s marketplace, choosing the right manufacturer for you should be the first step in launching a successful product offering campaign. The importance of finding a qualified manufacturing partner is of essential importance for continued success. Choosing Pharmatech as the partner will deliver benefits that are unmatched; Quality service, expert advice and trustful established relationships with both vendors and customers. Pharmatech’s QA department is responsible in assuring that all testing is performed within all stages of product development and manufacturing. Pharmatech not only provides excellent customer service, we provide simplified solutions to complex processes.
Dedication & Trust
Pharmatech takes pride in continuing to build long-term trustful business relationships with both our vendors and customers. We are totally committed in providing you with the service that you deserve. We do business with the utmost ethical & integrity manner and servicing our customers with a high sense of urgency is one of our core focus. “When it comes to delivering quality products for our customers, we are totally dedicated in making sure that our invested expertise results in full GMP compliance every step of the way”.
Pharmatech’s Supply Chain
Our supply chain network is composed of the industries top suppliers of pharmaceutical, nutraceutical and dietary supplement ingredients. Our QA department is heavily involved in continuing to qualify GMP compliant vendors based on raw material vendor qualifications within our process validations. Our buyers are connected to a network of vendors that have on average over 30 years of industry experience and are able to identify hard-to-find ingredients worldwide. Most importantly, all ingredient suppliers need to be registered within the Drug Master File and use the freshest ingredients available. Pharmatech-LLC sources ingredients from both USA distributors and manufacturers worldwide and has currently a network of over 1000 suppliers.