The increasing complexity in drug development and the highly competitive industry landscape are creating a dramatic shift in how pharmaceutical and biotech companies plan for and execute drug development and production. Speed, quality, and cost continue to be critical levers, but the challenge of achieving the right balance under the growing pressure to expedite development has made selecting the “right” outsourcing partners a strategic priority for pharmaceutical and biotech companies seeking to get their product to market as quickly as possible.
With increased market expectations and new and more stringent regulatory hurdles, these companies are also seeking advanced supply chain opportunities to optimize the development of their molecules. For many, establishing a partnership with a CDMO is more cost effective than investing internally on infrastructure.
Outsourcing offers drug sponsors a variety of benefits, including access to a global network of cGMP facilities with high capacity and highly qualified experts across multiple disciplines. Having access to such vast industry expertise facilitates the seamless transition of projects through all phases of development. Strategic collaboration with a CDMO partner that has deep scientific expertise and industry experience can keep projects on track and accelerate market entry.