A Slow Growth for Pharma Outsourcing

Filed in archive Outsourcing News on September 17, 2007

Almost all the industries in the business world have embraced outsourcing and in fact, have embraced it rapidly.

One industry which could be considered as "slow" when it comes to embracing this kind of business strategy is the "Drug Industry". This uptake is about to change because the drug industry is experiencing shortage in every aspect as cost becomes to high in terms of maintaining the different tasks related to drug manufacturing and research. Here is a clear description of the highly anticipated growth in drug outsourcing:

Intense competition on price from makers of generic drugs, falling profitability and a quest to improve efficiency before patents expire on blockbuster drugs are driving pharmaceutical companies to rethink how they make and distribute medicines. The industry is waking up to outsourcing and contract manufacturing.

Expect more news from this industry from the years to come.