|
|
Article: Musts for managing contract manufacturers
- Article from:
- Pharmaceutical Technology Europe
- Article date:
- February 1, 2001
- Author:
CopyrightCopyright Advanstar Communications, Inc. Feb 2001. Provided by ProQuest LLC. (Hide copyright information)
|
Although many pharmaceutical companies are outsourcing their manufacturing, few are doing it as effectively and efficiently as they could be. Half of the companies polled in a recent survey were unable to demonstrate effective procedures for identifying, selecting and managing contract manufacturers. This article suggests that companies form strategic partnerships with a few key contract manufacturers, to provide a higher level of integrated value.
During the 1980s, pharmaceutical companies grew at an average annual rate of 18%. Double-digit growth rates in earnings and return on equity were the norm, and the industry was one of the most profitable in the USA. Since that time, however, ...