Pharma Startup

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Dear all Group member,

Can anybody provide me information for starting up pharma industry for Tablet and capsule mfg?
How can I search low cost machinery for mfg?  How can I search for company who can provide me projects for contract manufacturing?

Actually, I am looking to start business in India with my two other investment partner. so, How much money required to start business in India?

Is there any possibility to start business in any other country with lower investment?

I will look forward for your views and opinion and appreciate your help.

Thanks and have a great day.

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Replies to This Discussion

I think starting your company in India is the best way to go. After you can establish some branches in other countries. But if you live in the US, New Hampshire, and Texas are also great places to start a company. I started mine in Boston, but it is expensive.
I do not have any information about the equipment.
Thanks
Kissaou
It seems like you are thinking about starting a business where you will be manufacturing generic versions of solid dose products. Are you thinking of contract manufacturing for others? Are you planning to develop your own generic products and manufacture them? And what are your intended markets? US, Europe, India, others?

If you are thinking about only contract manufacturing, the intended market is very important since the regulatory agency from that market must approve your facility, and this is a lengthy and complex process. But of course potentially very profitable one. You could certainly do this in India where costs would be lower. And you could do it in the where costs would be potentially higher but there are many other advantages. You could potentially purchase an existing approved plant in the US or in Puerto Rico. There are some avaialble and more come on the market often enough.

Regarding start up capital, it really depends on what you want to do. But I think to have and run a facility, to do business development, to gain FDA approval.....you probably need a minimum of $10-$20 million.

If you provide more information, perhaps I could sahre some more on this forum.
Hi Maryam,
Thank you very much for your valuable information.

Actually, Initially I don't have too much money to produce own generic products. so , I would like to do contract manufacturing for other as a first step and when I grow up I will produce my own products.

As of toady, I am interested to produce and sell products in Indian market only after that I will expand my facility for other market.

If you provide me any information, I will really appreciate it.

Thanks again.

Maryam Golestan said:
It seems like you are thinking about starting a business where you will be manufacturing generic versions of solid dose products. Are you thinking of contract manufacturing for others? Are you planning to develop your own generic products and manufacture them? And what are your intended markets? US, Europe, India, others?

If you are thinking about only contract manufacturing, the intended market is very important since the regulatory agency from that market must approve your facility, and this is a lengthy and complex process. But of course potentially very profitable one. You could certainly do this in India where costs would be lower. And you could do it in the where costs would be potentially higher but there are many other advantages. You could potentially purchase an existing approved plant in the US or in Puerto Rico. There are some avaialble and more come on the market often enough.

Regarding start up capital, it really depends on what you want to do. But I think to have and run a facility, to do business development, to gain FDA approval.....you probably need a minimum of $10-$20 million.

If you provide more information, perhaps I could sahre some more on this forum.
Hi Kissaou,

Thank you very much for your reply.

Can you please tell me,approximately how much money I required to start small scale pharma company in USA (New Hampshire or Texas)?

I will appreciate your reply.

Thanks and have a nice day.


Kissaou T. Tchedre said:
I think starting your company in India is the best way to go. After you can establish some branches in other countries. But if you live in the US, New Hampshire, and Texas are also great places to start a company. I started mine in Boston, but it is expensive.
I do not have any information about the equipment.
Thanks
Kissaou
Patel. How much it costs to start a CMO really depends on the size of facility and production volumes and also the types of products you are planning to manufacture. For example, building a sterile injectable facility and maintaining it would cost more that a solid dosage facility. As a ball park figure, to build a new sterile facility with one line (say a 500 L compounding tank, an appropriate size/speed filling line, stoppering, capping, a decent packaging line plus autoclave, oven, WFI, steam generator...... to be built in the US would cost at least $20 million these days.

However, there is a large number of facilities (solid dose, semi solids, sterile) avaialble for sale around the world and I;m sue many in India. If you are planning to initially manufacture for the Indian market, as Kissaou indicated, you probably want to have your first plant and operations in India. Also, if your team does not have a lot of experience with GMP manufacturing, I suggest you first concentrate on solid dose products. Either way, if the size of investment is important, you probably are better off starting in India since you know that market better.

There a re some good manufacturing facilities up for sale in Puerto Rico right now, and you could purchase a very nice one for probably $10-15 million if the timing is right.

Regarding low cost mfg equipment, you could buy good refurbished used equipmnet. Just google and you'll come up with many companies that would supply you with such equipment. Also, you could purchase New Indian and Chinese equipment at better prices and depending on what they are, they should be good enough.
Is there any possibility to start business in any other country with lower investment?

If you would consider starting up business in Europe, then Serbia would be one of the lowest cost options. For more information you could visit the web site www.siepa.gov.rs/site/en/home ( Serbia Investment and Export Agency).
Thanks Jelena. This is pretty helpful. I'll definitely look into it. Serbia is certainly not known as the hub of pharmaceuticals but it's location and the incentives the website is talking about are very attractive. Also, when it joins the EU in hopefully 2014, it would be even more advantageous.
I have over 25 years of experience with US FDA regulatory compliance. I am originally from India. Might be able to help if you have started already.

14th round of financial assistance for investment projects
SIEPA has announced a public call for another round of financial assistance for new investment projects in Serbia. Application deadline is September 9, 2011.

The funds may be used for financing investment projects in the manufacturing sector, the internationally marketable services sector and strategic projects in the field of tourism. The funds may not be used for financing investment projects in primary agriculture, the hospitality industry, retail, and the production of synthetic fibers and coal.
Apply now for financial support by the Government of Serbia offered for Greenfield and Brownfield projects in all industries, except for primary agriculture, the hospitality industry, retail, and the production of synthetic fibers and coal.
In addition to existing benefits, namely strategic geographic location, duty-free exports to the countries of Southeast Europe and Russia, the lowest corporate tax rate in Europe of 10% and an educated and experienced workforce available at the competitive cost, Serbia offers financial support to investors. So far SIEPA has published 13 calls in which 120 million euros was allocated for the creation of more than 28,000 jobs in Serbia. Based on the Decree of the Government of the Republic of Serbia, the investment projects in all sectors, except trade, catering and agriculture, are eligible to apply for grants. The funds are intended to finance investment projects in the manufacturing and service sectors which may be subject to international trade.
For standard-scale Greenfield and Brownfield projects in the manufacturing, export-related services sector and tourism, non-refundable state funds are offered in the range between €2,000 and €10,000 per new job created within three years.
For large investors, a special financial package is available. If a project's value exceeds €200 million, with the minimum of 1,000 new jobs created within 3 years, the state may cover 20% of the investment. Investments of over €50 million that create the minimum of 300 new jobs within 3 years, can be subsidized up to 20% of the project's value.


For more information please visit: http://www.siepa.gov.rs/site/en/home/1/investing_in_serbia/investme...

Hello ShamiK,

 

Are you local of NY metro area? If you are may be we can talk. I am also in the process of starting a contract manufacturing company. Respond to me and let me know if can get together to discuss.

 

Thanks

Syed Hussaini

201-349-7000 Cell

 

hello patel

I am wish to embark in the same direction but somalia, east africa, and intend to start up manufacturing plant and produce for local markets that are not FDA or EU markets.

our capital are small and ear-marked and limited, so any advice or links you have developed, please forward me their contacts to me as well.

thoroughly appreciate your insight, advice and views

Kind regards

Abdi

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