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Article Excerpt
Bioanalytical laboratories are an essential part of the growing pharmaceutical industry; supporting all phases of drug development. In general, pharmaceutical and biotechnology R&D spend increases year-on-year and, because bioanalysis work is often outsourced, the future growth of bioanalytical laboratory businesses should be fairly secure. There is, however, a downside. PRA International's internal price evaluation has shown that bioanalysis is experiencing increasing price pressures, with prices during the last 5 years decreasing 5-10% annually. In the early years of this decade, average prices in excess of [euro]100/sample were not exceptional, but...
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