Outsourcing

The CRO market size is estimated at $10 Billion and growing. CROs provide product development services to the pharmaceutical and biotechnology industries, allowing their clients to manage product-development efforts more efficiently and cost-effectively. There is a demand for CRO professionals to bring their scientific, regulatory and information management expertise to bear for the completion of timely, accurate, cost-effective trials. By outsourcing, sponsors gain the benefits of CRO experience, even while controlling costs and reducing the research and development timeline.

The growing trend in outsourcing includes the purchasing of products as well as services and ranges from manufacturing through to IT and logistics. Inevitable signs of globalization simply cannot be overlooked in the face of competition:oof-shore and near shore partners allow executives to align their enterprise and culture with consumer demand in the global market.

Outsourcing their non-core processes allows pharmaceutical companies to concentrate on their core processes, which strengthens their operations, increasing market presence and shareholders’ value.

R&D capabilities: A value-added feature in a central laboratory
Choosing a provider that combines pure research and development expertise with central laboratory experience is a definite benefit when considering the long-term optimization of your product development
More >>

The right direction in outsourcing
NGP spoke to Dr Andrew Parkinson Founder, President and CEO of XenoTech
More >>

Leading lights in the fight against cancer
On December 29, 2004, the US Food and Drug Administration approved Clofarabine for use in children with acute lymphoblastic leukemia, making it the first new pediatric anti-cancer drug available in 10 years.
More >>

Strategic outsourcing: the viable option
This article looks at two very different approaches to outsourcing.
More >>

Shaping third party production
Just as in the automobile, electronics and aerospace industries, third party or sub-contracted manufacturing has become an essential strategy for pharmaceutical laboratories.
More >>

A new approach to outsourced pharmaceutical manufacturing
Pharmaceutical companies face a myriad of challenges day in and day out.
More >>