Maximize Government Contract Opportunites For Pharma Companies

The pharmaceutical industry is experiencing a seismic shift in demand in the government sector, with government pharmaceutical contracts totaling more than $386 billion in 2002 alone. For growing pharmaceutical manufacturers, this means two important things. The first is that growth opportunities in the government marketplace have never been more viable. However, with that comes the reality that competition for these exclusive contracts has reached an all-time high.

 So, how can pharmaceutical manufacturers maximize these opportunities without shifting their focus away from their products? The answer comes down to finding the right distribution partners, particularly with SDVOSB organizations. At The DaVinci Company, we specialize in supporting pharmaceutical companies’ missions as they advance the health and well-being of local communities, one contract at a time.

What Are SDVOSB Set-Asides?

Besides the billions of dollars dedicated to government contracts in the pharmaceutical space, the U.S. government reserves up to 5% of all contracts solely for the SDVOSB community. SDVOSBs, or Service-Disabled Veteran-Owned Small Businesses, are a unique classification of businesses that are owned and operated by veterans who are service-disabled by VA standards.

To be considered an SDVOSB, these businesses must meet strict criteria, including:

•  Small business classification requirements, including maintaining the size of their operation in their SAM profile.
• Having at least 51% of the business owned and operated by veterans who have been considered service-disabled by the VA.

Along with veteran-owned businesses, the government also recognizes distribution partners in this category, giving pharmaceutical companies the freedom to partner with SDVOSBs to expand their reach in the government sector.

Explore The Impact of SDVOSB Partnerships

If your manufacturing operation is looking to improve the health and well-being of your community, The DaVinci Company wants to advocate for you. As a certified SDVOSB, our team brings unparalleled expertise in navigating the government marketplace, whether you’re an experienced manufacturer or in the early stages of distributing your products.

When you’re ready to explore the impact that an SDVOSB partnership can have on your growing pharmaceutical company, we’re here to help. Connect with a member of our team to get started today.

So, Why Should You Partner With an SDVOSB? 

Put simply, it’s all about who you know. While yes, government sectors entering medical supply deals will entertain a handful of options, they will ultimately be swayed by the group that they feel will appeal to and deliver to their requirements the best. And what better way to do it than with a seasoned veteran who already knows those ins and outs?