Trend Study: Pharmaceutical Outsourcing Services for CROs and CDMOs
Challenge
Growing tensions between the U.S. and China could affect the competitive landscape for CDMOs (Contract Development and Manufacturing Organizations) and CROs (Contact Research Organizations) for Chinese companies facing competition from Asian and Western contracting platforms. A hedge fund client wanted to gain insight into the thinking of its large pharmaceutical and biotech clients and explore how they select a CRO or CDMO partner in the current political environment.
The GLG Approach
The GLG project team identified 100 C-suite professionals within research and development and manufacturing functions at pharmaceutical and biotech companies in the U.S. and Europe, and conducted a research survey to uncover their decision-making criteria and ideas around outsourcing resources.
Outcome
Using the survey data, GLG evaluated the major CDMO/CRO suppliers against key parameters, focusing on the sourcing criteria of pharmaceutical and biotech companies, the likelihood of changing suppliers, the challenges, the reasons for the selection, and the potential costs and barriers. The research also revealed how geopolitical issues influence CDMO/CRO selection.
Why GLG?
Based on our client’s specific needs, GLG precisely matched industry experts to explore the impact of geopolitical factors on the configuration of pharmaceutical outsourcing services, gaining valuable insight for our client.
Focus on Client Needs
Based on the project context and the current market environment, GLG can answer key client questions through scientific research methods.
High-Quality Expert Resources
Based on a large network of experts, from corporate executives to industry consultants, GLG can provide in-depth project insight support.
Featured Products
Let us start helping you today
As the World’s Insight Network, GLG connects clients to the subject-matter experts who can provide real-world insights to make informed decisions. Our team of professionals work with you to create a tailored approach that identifies, assesses, and answers your questions on your timeline. We bring the power of insight to every great professional decision.