Outsourcing Challenges and Strategies For Pharmaceutical Manufacturers
Pharmaceutical outsourcing has been transformed from being a small incremental part of the typical pharmaceutical manufacturer’s business to one that is integral to almost every market segment. There are number of significant challenges within the pharmaceutical industry to better manage and outsourcing from both a strategic and operational perspective.
The pharmaceutical companies are constantly revising their business strategy to address multiple challenges faced by them and to compete in the dynamic pharmaceutical market. Some strategies adopted by companies are in-licensing, out-sourcing, reducing the cost of drug discovery, development, manufacturing and sales and marketing.