Thursday, 3 March 2022

The Age of Outsourcing in Life Sciences Industry

 

Outsourcing in Life sciences Industry
A few decades ago, life science companies used to do all of their own research and development, as well as every other aspect of getting a drug or medical device to market. Today, contract research organizations (CROs) can be outsourced for practically everything pharmaceutical, biotechnology, or medical device companies need to do, from creating assays to planning and administering clinical trials. Clinical trial outsourcing options are becoming more popular with constantly evolving industry regulations, increasing pressure to minimize drug development costs, and increasing demand for new therapies.

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