Wednesday, August 29, 2012

Industry News

The health care industry is a critical com­ponent of economies worldwide. As economic meltdown begins drug/supplement companies are trending towards shelving early-stage projects and working on late phase development. In a shaky economy, demand from clients is slack. As these companies move to rationalize their pipelines, CRO's are competing for fewer projects and RnD dollars while trying to achieve the same scale as in years past. A slump in early phase development is not bad news. Contract research organizations begin to engage in preferred partnership and strategic alliances to combat the Big R – ‘Recession’

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