Pharma Third party means products to get manufactured on the name of one's brand’s name from another manufacturing unit. This is a most followed concept in marketing that is getting the attention of the pharmaceutical sector. Many companies are switching towards this because of lots of benefits in the business. This is a very easy way to start your pharma business or to expand the existing business. Pharma License is the document on which a company enters into an agreement with the manufacturing company to manufacture their products.