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Hi, n the simplest of terms, Bulk drugs are the active pharmaceutical ingredients (APIs), which are used to manufacture formulations.

Where, Formulations are the end-products of the medicine manufacturing process, and can take the form of tablets, capsules, injectables or syrups, and can be administered directly to patients.

Here onwards, I'm assuming that you are looking into this from an Indian market perspectiv

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Q: What is diffrant between bulk drug and formulation?
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