Because of relatively shorter life cycles of newly developed drugs and intense generic competition, International companies need to improve their operational efficiencies with significant cost containment and give more thrust on their core competencies like Drug Discovery. Many companies are routinely outsourcing their regular production to cost effective off shore locations like India, so that their maximum efforts and resources are spent on the research and development activities. India is now becoming a sourcing hub for the International Pharma Industry for their technology transfer and contract manufacturing projects
India is proving out to be a preferred outsourcing location for many Pharmaceutical companies. It is a member of the BRIC countries and is one of the most important Pharmerging market.
Due to the availability of the large English speaking scientific talent pool, India offers end to end solution across the drug development spectrum including drug discovery; clinical trials; contract manufacturing, product licensing and commercial supply. Indian Pharma Sector shows Sound understanding of global regulatory benchmarks. Having larger number of USFDA approved sites in India - biggest number other than the US - is a testimony to this fact. It offers strong manufacturing bases with flexible approach for partnering through tech transfer, product in-licensing and contract research and manufacture and has a comparable business philosophy to western world.
However, outsourcing to India is not without its own Challenges. Geopolitically and culturally diverse India poses its own complexities to the companies looking for outsourcing. More
Need of Total Outsourcing Project Management
Success of any Outsourcing Project requires streamlined and uninterrupted work flow, strong interface between the manufacturers and suppliers and minimizing the cultural differences between the east and the west. Therefore, a local presence at the suppliers’ end to manage the customer’s outsourcing activity can help complete their projects on time. As opposed to the internal project managers, external project managers can have a very unbiased and wholesome outlook for Project completion.
CRMO offers unmatched pharmaceutical project management services to the International Pharmaceutical Industry. Because of the following attributes, we feel that we are well positioned to take care of diverse contract manufacturing and Pharmaceutical technology transfer project management activities.
The entire scope of Pharmaceutical Project Management Services is divided into 5 phases: