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

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)