Published: October 23, 2008
Drug Development Outsourcing Goes Increasingly Global
Driven by mounting market pressures, companies
are increasingly outsourcing the drug development process. Not only has the
complexity of conducting clinical trials grown over the last 20 years, but
the number of drugs in development has increased, government regulations
have tightened and patient recruitment has become more difficult in the
United States. A new report from Kalorama Information, "Outsourcing in Drug
Development: The Contract CRO Market, 3rd Edition," reveals that in 2007
34% of global R&D spending, or $26.4 billion, was committed to outsourcing,
up from 22% in 2002, an increasing amount of which is going offshore.
Developing and bringing a drug to market costs over $900 million and takes
as long as 15 years, while over 80% of drugs that enter clinical trials
fail to get approved by the FDA. Today, in order to decrease R&D expenses
and accelerate drug discovery and development, developers are outsourcing
more of their R&D functions. But a major obstacle remains -- the patient
recruitment and retention process -- particularly as clinical trial
protocols become more complex. Delays can result in millions of dollars of
To read the complete release at NewsBlaze,
Drug Development Outsourcing Goes Increasingly Global,
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