Strategic Sourcing can help shorten the development timeframe and meet cost targets to make the design of a quality product in a competitive market a repeatable reality.
The fundamental goal of the pharmaceutical industry is to develop new therapies that improve patient lives. However, drug manufacturers must be profitable in order to be able to continue investing the large sums required to discover new drugs, develop cost-effective synthetic routes, prove their safety and efficacy and bring them to market. In the highly competitive and constantly changing pharmaceutical market of today, off patent drug owners are increasingly committed to the development of integrated life cycle management strategies in order to realize the maximum revenues from each product in their portfolio and ensure their continued ability to find new treatments that will bring real benefits to more patients. The following study was done by Einblicks and this study report which will helpful to understand the pharmaceutical strategic sourcing throughout the product lifecycle.
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