BioPharma Dive August 26, 2024
Biotechnology accelerates drug discovery and offers innovative approaches to dealing with some of humanity’s most important healthcare challenges. In fact, recent reports indicate that over 50% of drug development comes from biotech innovation. By their nature, biotechs are inventive and often rely on various solution providers to complete the drug development process and bring their therapeutic discoveries to patients.
CRO Support
Contract research organizations (CROs) offer a unique value proposition for biotech companies; biotech firms can leverage their role as innovation leaders to form strategic partnerships with CROs, which can provide essential support for their research and development needs. That said, the success of any working partnership depends on choosing the right partner. According to a 2022 McKinsey & Company...
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