FDAnews Drug Daily Bulletin

PHARMACEUTICAL SPEND ON OUTSOURCING FACES DOUBLE-DIGIT GROWTH FOR THE NEXT THREE TO FIVE YEARS

March 23, 2006
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Research and Markets has announced the addition of Outsourcing Clinical Development to their offering. The challenges facing large pharmaceutical companies are stark: sales are slowing, and research and development costs are rising. There is an overwhelming need to reduce development costs by as much as 30-40%, while at the same time significantly shortening development cycle times.

Business Wire (http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20060322005021&newsLang=en)