3rd Degree Pharma Co

Address: Đường Hồ Chí Minh, Nghĩa Ninh, Đồng Hới, Quảng Bình, Vietnam.

E-mail ID: info@3rd-degree.com

Website: www.3rd-degree.com

Subject: 3rd Degree Pharma Announces Necessary Price Adjustments to Ensure Continued Quality and Safety of Medications

3rd Degree Pharma, a leader in pharmaceutical excellence, today announces a necessary adjustment in the pricing of our products due to unprecedented external factors affecting the global pharmaceutical industry. This decision, made with considerable deliberation, comes as a direct response to the ongoing shortages and cost increases of raw Active Pharmaceutical Ingredients (APIs) essential to our manufacturing process.

Background

At 3rd Degree Pharma, our commitment has always been to provide our customers with the highest quality medications without compromise. The integrity of our products and the well-being of our customers stand at the forefront of our mission. However, recent trends in the global market have presented challenges that impact this commitment directly.

The Challenge: Shortage and Cost Increase of APIs

The pharmaceutical industry is currently experiencing a significant shortage of raw APIs, a cornerstone of drug manufacturing that ensures the efficacy and safety of our products. Compounding this issue is a marked increase in the prices of available APIs, a reflection of strained supply chains and escalated demand. These changes are influenced by various factors including geopolitical tensions, increased regulatory requirements, and unforeseen disruptions in the supply of raw materials.

Our Response: Reluctant Price Adjustment

After exhaustive efforts to absorb these cost increases through internal efficiencies and strategic sourcing, we find ourselves at a juncture where maintaining our standards of quality without adjusting our prices is no longer feasible. The decision to increase prices was made as a last resort and is essential to continue offering products that meet stringent safety and efficacy standards.

Governing Body’s Statement

"Our decision to adjust the pricing of our medications is not taken lightly," as per an official statement by the Board of Directors. "We understand the impact of these changes on our customers and have made every effort to minimize the effect. However, as a company deeply committed to health and well-being, compromising on the quality and safety of our products is not an option. This price adjustment is essential to sustain the high standards our customers expect and deserve."

Commitment to Quality and Safety

3rd Degree Pharma is dedicated to transparency and quality. We utilize only the highest-grade APIs, sourced from reputable suppliers, to formulate our medications. The health outcomes and trust of our customers are paramount, and we uphold these by ensuring that every product shipped from our facilities meets rigorous safety standards.

Looking Forward

3rd Degree Pharma is actively pursuing alternative strategies to mitigate these challenges and prevent future price adjustments. This includes enhancing our production efficiency, exploring new supplier relationships, and advocating for fair trade practices in the pharmaceutical ingredient market.

We sincerely appreciate the understanding and continued trust of our customers and stakeholders. 3rd Degree Pharma remains steadfast in our commitment to provide accessible, high-quality healthcare products. We are confident that the actions we are taking will allow us to navigate these challenging times while upholding the trust and health of our customers as our top priority.

Contact Information

For more information about the price adjustments or to learn more about our efforts to manage this situation, please contact us at info@3rd-degree.com.

About 3rd Degree Pharma

3rd Degree Pharma is committed to improving lives through innovation and quality in pharmaceuticals. We specialize in developing and manufacturing a wide range of therapeutic products, focusing on meeting the highest standards of safety and efficacy.

Our Mission:

To provide the superlative degree of anabolic products, ensuring the highest standards of quality, efficacy, and safety for our customers worldwide.

Dedication to Customer Health and Wellness

At 3rd Degree Pharma Co., we are committed to continuous research and testing to develop the most efficient and effective products. For instance, in collaboration with the School of Medicine, Tui Tinh, Hanoi, we have enhanced formulations by attaching Methylcobalamin ester to the active pharmaceutical ingredient (API), resulting in a 25% increase in drug absorption. Our dedication to adhering to international manufacturing standards and our focus on research-driven innovations underscore our commitment to advancing customer health and wellness. For more information, please visit our website: www.3rd-degree.com.