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Outsourcing clinical trials: growth continues.

Publication: Pharmaceutical Technology Europe
Publication Date: 01-MAY-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
The CRO market is experiencing two-tiered growth: firstly from pharmaceutical companies seeking to lower fixed costs by outsourcing clinical research to CROs; and secondly, from biotechnology and specialty pharmaceutical companies that lack the infrastructure to conduct trials. Growth will be driven by several factors, including increasing demand from biotechs and specialty pharma demanding full services from the preclinical to post-commercialization stage. Meanwhile, levels of R&D spend and global shifts towards the emerging markets will determine the future course of the CRO market.

Mounting costs have forced pharmaceutical companies to move clinical trials away from the traditional playing fields of Europe and the US, in favour of conducting R&D activities offshore. The likely beneficiaries from this increased outsourcing are expected to be Asian countries such as India and China, with other countries such as South Africa, and those in Latin America and Central and Eastern Europe also expected to...

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