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The Benefits Of Speed And An Immediate Stream Of
Income
The appeal of buying an existing facility is not only initial cost.
Many of these facilities are up-and-running, making the time to get
the facility operating very short. Stuart Hinchen is cofounder and
president of JHP Pharmaceuticals, which bought a facility in 2007
which now manufactures products for itself and others on a contract
basis. He notes that construction of a new facility can take two to
three years. Add another year or two to get one’s products
approved, and the time frame for a new facility from start to
operations can run as much as four to five years.
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