Report: Outsourcing in Life Sciences R&D Today
Over the past twenty years, life sciences companies have begun to outsource the majority of their R&D activities to external suppliers, including complex and specialized services that are typically performed in-house.
Outsourcing has become an integral part of life sciences R&D over the last two decades. There are several reasons for this shift. Drug development costs are always high, but new products are expected to generate only half the revenue they would have generated just over a decade ago. Therefore, speed and efficiency are essential for life sciences R&D to thrive in today’s increasingly stringent market environment. As a result, collaborative partnerships are more important than ever.
However, finding the right outsourcing supplier for their R&D needs can be challenging for life science companies – especially in early-stage research, where the market is fragmented among thousands of suppliers. Online platforms can greatly facilitate the process of finding suppliers that meet your R&D needs and comply with regulatory requirements.
In this report, created with the experts at Scientist.com, we discuss the role online platforms play in outsourcing for life sciences R&D today, the different types of online platforms that exist, and the unique advantages they can provide life science companies.
You will learn about:
- How outsourcing has become more cost effective and accessible with online platforms
- How life sciences companies are responding to supply chain challenges more efficiently through online platforms
- How online platforms facilitate compliance with regulatory standards
- A unique blend of AI and human-powered services from Scientist.com that offers clients an unparalleled outsourcing experience