1 (800) 308-4358

Mississippi
Pharmaceutical Drug Facility Bond

400,000+ Bonds issued to 250,000+ satisfied customers.

Coverage Amount: $25,000 - $100,000
Term Length: 1 year
Select Bond For Price*
Most Bonds Processed In 24 Hours Or Less
Email Delivery

Purchase your bond today and we'll email your bond directly to you. No shipping required.

Best Prices

We shop the top surety markets to find you the best rate.

Secure Checkout

Backed by SSL, our online bonding process is secure. We are committed to your privacy.

Trustpilot

Mississippi Pharmaceutical Drug Facility Bond Guide

All pharmaceutical drug facilities in Mississippi must file a surety bond with the Board of Pharmacy to operate. 

Bond Overview

  • Purpose: To ensure pharmaceutical facilities comply with state standards
  • Who Needs It: All wholesale pharmaceutical drug facilities in Mississippi
  • Regulating Body: The Mississippi Board of Pharmacy (MBP)
  • Required Amount: $25,000 or $100,000
  • Premium Rates: Credit-based, starting at 1%

Keep scrolling to learn more about the bonding process.

What Is a Mississippi Pharmaceutical Drug Facility Bond? 

A Mississippi pharmaceutical drug facility bond ensures facilities comply with state standards and pay any penalty fees incurred. The Board of Pharmacy requires this type of license and permit bond to qualify for a pharmaceutical drug facility permit. 

How Much Bond Coverage Do I Need?

The Mississippi Board of Pharmacy requires either a $25,000 or $100,000 surety bond depending on your facility’s annual gross revenue. 

Most facilities need a $25,000 bond. However, if your revenue is more than $10,000,000, you must purchase a $100,000 bond due to greater liability. 

How Much Do Pharmaceutical Drug Facility Bonds Cost in Mississippi?

Mississippi pharmaceutical drug facility bond premiums typically cost 1-3% of the total bond amount based on credit score. For example, qualified applicants often pay just $250 for $25,000 coverage. 

Exact rates vary depending on the bond amount and financial qualifications. You may also be eligible for a multi-year term discount to save up to 25%. Apply below to get your free personalized quote.

Bond Type
$25,000Pharmaceutical Drug Facility Bondannual gross receipts total $10,000,000 or less for the previous tax year
$100,000Pharmaceutical Drug Facility Bondannual gross receipts total more than $10,000,000 for the previous tax year

SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees. 

How Does a Mississippi Pharmaceutical Drug Facility Bond Work? 

A Mississippi pharmaceutical drug facility bond is a legal contract between three parties:

  1. Principal: The pharmaceutical drug facility purchasing the bond
  2. Obligee: The Mississippi Board of Pharmacy requiring the bond
  3. Surety: The provider issuing the bond

Under this contract, you, as the principal, promise to uphold all regulations under the Mississippi Pharmacy Practice Act. 

If you break these terms, harmed parties can file claims on the bond. The surety will validate and pay claims up to the full bond amount. However, you are ultimately responsible for refunding the surety.

Who Needs a Pharmaceutical Drug Facility Bond? 

All wholesale distributors of prescription drugs in Mississippi must file a surety bond with the MBP. This includes manufacturing, distributing or selling pharmaceutical products. 

How Do I Get a Pharmaceutical Drug Facility Bond in Mississippi? 

SuretyBonds.com provides the fastest and easiest way to get a pharmaceutical drug facility bond. Just follow these simple steps:

  1. Apply Online: Select your coverage amount and enter your information to receive a personalized quote
  2. Pay Invoice: Complete your purchase online or over the phone
  3. Receive Bond: Receive your official bond form via email 

Upon receipt, sign and file the bond documentation with the Board.

How Fast Can I Get My Bond? 

SuretyBonds.com issues pharmaceutical drug facility bonds faster than any other provider. We process most bond applications same-day. Apply now to receive your free quote within one business day or less.

Can I Get Bonded With Bad Credit? 

Yes, you may still be able to get bonded with bad credit. However, poor credit may increase your premium rate. 

Apply now to receive your personalized quote or visit our Surety Bond Cost FAQ page to see how credit may impact your cost.

How Do I Renew My Pharmaceutical Drug Facility Bond?

Pharmaceutical drug facility bonds expire annually. When you work with SuretyBonds.com, we’ll send you reminders before your bond expires. All you need to do is pay your renewal invoice to maintain coverage.

How to Get a Pharmaceutical Drug Facility Permit in Mississippi 

The Board of Pharmacy manages pharmaceutical drug facility permits in Mississippi. To apply, complete the following steps:

  1. Apply Online: Complete the application through the MBP online portal, including all supporting documents
  2. Purchase a Bond: Purchase a surety bond in the required amount
  3. Consent to a Background Check: Submit a fingerprint card and fill out the consent form
  4. Submit Inspection Reports: Submit your facility’s most recent inspection report (within the last three years)
  5. Pay Fees: Pay the $500 application fee and $40 background check fee 

If your facility distributes controlled substances, you must also complete the controlled substance registration online and pay the $50 fee. 

How Long Do Pharmaceutical Drug Facility Permits Last?

Permits expire annually on December 31. Submit the renewal application online at least 30 days before expiration. 

More Resources

Call 1 (800) 308-4358 to talk with a Surety Expert

or

FREE Surety Bond Quote online