Contract Manufacturing Organisation (CMO)
A contract manufacturing organisation also serves other firms within the pharmaceutical industry on a contractual basis, but instead of providing research services, CMOs offer comprehensive drug development and manufacturing services.
Again, this assists the hiring company with scalability and allows them to focus on more important areas of their business, such as research or marketing. Alternatively, pharmaceutical firms may outsource drug manufacturing work to a CMO if they lack the expertise or facilities required to produce the quantity and/or form of a drug that is needed to perform pre-clinical and clinical trials.
The demand for the services that CMOs offer has resulted in fast growth for the CMO industry over the last decade, and this will continue as the need for CMOs increases. There are several promising trends within the CMO industry that are likely to accelerate further growth in the near future, including:
- Flexible manufacturing plants – CMOs can invest in flexible manufacturing facilities that are designed to accommodate the changing needs of the pharmaceutical firms they cater for.
- Cytotoxics – Cytotoxics is an area that has not received much attention but provides an opportunity for significant growth for the CMO industry due to the implications for cancer treatment.
- Automation – The rise of automation within the CMO industry will see a reduction in the need for continuous checking of verification labour, ensuring consistency and reliability and increasing productivity levels.
Here at HRS, we have expertise and experience in both CRO and CMO, so if you’re interested in working in either of these sectors, we can help you!
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