Market Standing Certificate

In the competitive landscape of medical devices and pharmaceuticals, a Market Standing Certificate (MSC) is a powerful testament to your company’s established presence and regulatory adherence. Issued by India’s Central Drugs Standard Control Organization (CDSCO), an MSC validates your active engagement in manufacturing and selling specific products, showcasing your good market reputation.

What is a Market Standing Certificate (MSC)?

An MSC is an official document that confirms your company’s proven track record in the market. For medical device and pharmaceutical companies, it specifically certifies that you:

·         Hold a valid manufacturing license.

·         Are actively involved in the production and sale of your licensed products.

·         Have an established and reputable presence within the industry.

Why is the MSC Essential for Your Business?

The MSC serves as crucial proof of your company’s stability and commitment to regulatory standards, opening doors to various opportunities:

• Demonstrates Established Presence: It clearly shows that your company is actively engaged in manufacturing and selling products, solidifying your position in the market.
• A Must for Tenders: Many public and private tenders for pharmaceutical products and medical devices require an MSC as a pre-qualification criterion.
• Facilitates Exports: For companies looking to expand internationally, an MSC is vital for demonstrating compliance and building credibility in global markets.
• Supports Financial Transactions: Financial institutions often request MSCs as part of their due diligence when assessing a company’s creditworthiness for bank loans and other financial dealings.

Key Requirements for Obtaining an MSC

To secure an MSC from the CDSCO, companies typically need to demonstrate:

• Possession of a valid and current manufacturing license.
• Proof of active manufacturing and sale of products for a specified period (commonly 3 years).
• Absence of any pending adverse reports or product recalls.

Issuing Authority and Validity

The CDSCO is the sole authority in India responsible for issuing MSCs for medical device companies.

An MSC is generally valid for one year from its date of issue, or until the expiration of your manufacturing license, whichever occurs first.

How MDR Consultants Can Streamline Your MSC Application

Obtaining an MSC involves detailed documentation and adherence to specific guidelines. Our expert team can provide invaluable assistance by:

1. Requirement Assessment: Helping you understand and meet all specific criteria for MSC eligibility.
2. Document Preparation: Assisting in the meticulous compilation of all necessary documents, including proof of active manufacturing and sales.
3. Application Management: Guiding you through the online application process with the CDSCO.
4. Liaison & Follow-up: Representing your interests and ensuring smooth communication with the CDSCO until your MSC is successfully issued.

Don’t let regulatory complexities delay your market growth. Contact MDR Consultants today for a free consultation and quotation. With our expertise, you can obtain your Market Standing Certificate enhancing your company’s credibility and unlocking new business opportunities.