Lalit Baregama
Cadila Pharmaceuticals Ltd, India
Title: The changing dynamics of outsourcing- Strategic partnership for effective pharmaceutical development and manufacturing
Biography
Biography: Lalit Baregama
Abstract
Pharmaceutical market is already crossed the USD one trillion mark and growing further. Business strategies are changing to meet the market demand where formulation development and drug delivery system plays an important role. All big pharmaceutical companies are changing the R&D execution strategy and outsourcing full/partly development to CRO/CDMO.
Outsourcing: current scenario
- Transformational shifts of Pharma industry
- Reshaping of development strategy
- Core sectors become the growth strategy
- Essential elements for successful partnership
- Strategic intent of outsourcing
- Nature of business, risk tolerance
- Mode of partnership: single transduction or long term
Advantages, Challenges and Limitations
- Partner selection: Location, opportunities, risk and cost
- Preference advantages
- Challenges and Limitations: competition, policies, pricing, EHS
Future perspective