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Posted by Louis on April 25, 2024 at 6:57pm 0 Comments 0 Likes
Posted by Grace on April 25, 2024 at 6:57pm 0 Comments 0 Likes
Posted by Josephine on April 25, 2024 at 6:57pm 0 Comments 0 Likes
Pharmaceutical product research and development can take up to 15 years. Pharmaceutical companies prefer to outsource preclinical and other drug development phases to CROs in order to save money on R&D and shorten the time it takes to market a product. Furthermore, a high failure rate of clinical trials is expected to fuel the demand for CROs by pharmaceutical and biopharmaceutical vendors looking to outsource their R&D.
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