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Risk Mitigation In Purchasing Used Pharmaceutical Equipment

Source: Federal Equipment Company

By Matt Hicks, COO, Federal Equipment

Pharmaceutical manufacturers often rely upon two reasons to justify the purchase of used equipment for their operations: lower prices and faster delivery. These reasons are not a secret; used pharmaceutical process and packaging equipment can usually be purchased at prices that are 50% to 80% cheaper than new equipment. The equipment is typically available immediately, cutting lead-time for delivery by months. Even with this simple value proposition — save time and money with used equipment — many pharmaceutical manufacturers have never considered used equipment or simply refuse to consider used equipment as an option.