Most importantly, however, this report contains a range of actionable suggestions from experts across all corners of the industry, including biotech, Big Pharma, CDMO, and pharmaceutical consulting. Given the current level of demand, we predict that the CDMO market will continue on its current trajectory and the challenges we have addressed in this report will not only remain relevant, but will become even more critical. All CDMOs are expanding and our experts foresee that perhaps some of today’s niche players will quickly grow to become mid-sized CDMOs to fill the current major disparity in the overall market.
With all of these factors in mind, innovators should focus on establishing solid relationships with vendors, built on fluid communication and alignment on business goals. Companies that are able to form these partnerships now will reap the benefits in the future. However, access to your perfect CDMO partner should not be taken as a given and innovators need to get out among the market – whether at events like CPHI Frankfurt or in person and onsite – and see what best fits their product, their company, and their culture.