Article | November 30, 2006

Strategic Outsourcing: The Growing Trend In The Pharmaceutical Industry

Source: Vetter Pharma-Fertigung GmbH & Co. KG
Over the last few years, the licensing standards of regulatory authorities have grown increasingly strict and, with global competition, cost pressures have intensified. In this competitive market, technologies are obsolescing faster than ever while the demand for quality continues to rise. The need for specialised knowledge and improved quality control, coupled with soaring process costs, are driving many pharmaceutical companies to rethink their strategies.

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