The outsourcing biologics industry is expected to grow to $87.5 billion by 2027.
With the approval of the first recombinant DNA product, Humulin, biologics has brought great enthusiasm and excitement to doctors, patients and others in the pharma field. Utilizing human life tissues, the practice of biologics can ultimately pave the way for personalized treatments to specific cures based on your DNA and live tissues. With so much promise, small pharma companies are outsourcing R&D to CMOs, but this process continues to show some bumps in the road. For example, how do pharma companies go from clinical to commercial working in partnership with CMOs? How do they increase speed to market?
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