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Pharmaceutical Agreements

The Pharmaceutical Value Chain

Pharmaceutical agreements are often complex. Technical agreements are employed to ensure the quality, safety, and efficacy of medicine during manufacturing. Technical agreements are usually accompanied by commercial agreements addressing the commercial issues pertaining to the supply of the medicines.

A Variety of Pharmaceutical Agreements

At Pharmalaw we understand the technical and legal aspects pertaining to agreements in the pharmaceutical industry such as:

  • Pharmaceutical Technical Agreements: These agreements deal with technicalities involved in the manufacturing process in accordance with regulatory provisions.
  • Pharmaceutical Supply Agreements: These agreements stipulate rights and obligations pertaining to the supply of pharmaceutical products both locally and internationally.
  • Pharmaceutical Distribution Agreements: These agreements typically allow for exclusive and nonexclusive distribution rights to specified pharmaceutical products in certain territories.
  • Licensing Agreements in Pharmaceuticals: These agreements are typically entered into in order to licence intellectual property rights pertaining to pharmaceutical products and to establish the payment of royalties.

At Pharmalaw we draft and review agreements dealing with all aspects of the pharmaceutical value chain.

FAQs

What is pharmaceutical contract manufacturing?
Pharmaceutical companies sometimes outsource manufacturing to contract manufacturers enabling these companies to focus on the commercial aspects of their business.

The supply chain pertaining to pharmaceutical products is complex and includes manufacturing, wholesale, distribution, and sale to end users. Huge risks are associated with the supply chain such as maintaining cold chains, drug counterfeiting, pricing, and demand issues. These challenges may impact on a company’s reputation, customer satisfaction and profit margins.

These agreements allow a distributor to sell products belonging to a third party to retailers and/or consumers within a specified territory. Distributors will aim to reach agreements pertaining to products which are already reputable in order to increase profitability and reduce risk.

An intellectual property owner may permit another party to use intellectual property such as patents or trademarks belonging to the owner through a license agreement. These agreements contain details regarding the intellectual property, terms of usage and compensation (royalties).