If you need a contract packaging partner, then we are happy to work together with you to deliver a high quality pharmaceutical package to the market.
Over the last several years, the biggest pharmaceutical companies have evolved, and they now look more like companies in the consumer packaged-goods industry. Today, major pharmaceutical companies outsource up to 60% of their manufacturing. Because of less production and manufacturing in-house, tighter margins, and a need to focus more intensely on specific customers and segments, new rules require that pharmaceutical companies rely on aligned, specialized partners like a contract manufacturing or packaging organization (CMO/CPO).
The cost to bring a new drug to market is about $2.5 to $4 billion according to Tufts Center for the Study of Drug Development. This can cause leading major pharmaceutical players to grow through acquisition instead. Mergers and acquisitions have never been more active since they allow a company to sidestep drug development costs and instead deliver drugs already pegged as “winners” to the market. Expiring patents also require drug manufacturers to manage diminishing margins.