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- Pharmaceutical Outsourcing
- By: KATHY TIPPLEMAN
Many people are surprised to learn that much of the work that is done to discover, develop and finally bring a new drug to market is outsourced by the drug company. Its much the same as building a home, in that while the builder has his name on the final product, many individuals and smaller subcontractors all had a hand in the home being built.It All Takes Time
If you have watched any medical docudramas on TV, that show a drug for the patient being discovered and delivered at the last moment for a miraculous cure, then don't think for a second that it works that way in real life.
The research, discovery, development and testing process to finally bring a drug to the pharmacy takes as much as two decades. The testing process alone, to receive approval from the FDA takes ten years on average.
Pharmaceutical Outsourcing Works for Everyone
If a drug company had to do all of the multitudes of tasks and tests that are required in house, one at a time, it would take over a century before a cure could be made available in pharmacies to alleviate peoples suffering.
By outsourcing, drug companies can run multiple procedures at once. Pharmaceutical outsourcing allows a drug company to have several test results from separate sources to compare against one another for added safety and assurance.
Lower Costs for the Consumer
Pharmaceutical outsourcing also is a way that drug companies can keep the cost for a drug to the consumer down. Remember, that when you buy a drug you are also paying for the cost of its development.
When a drug company is able to take certain stages of a drugs development and testing to the competitive open market, by having companies compete with each other to get the work, it is the consumer in the end that saves by having cheaper drugs available to them at the pharmacy.
Written by Kathy Tippleman. Find the latest information on Pharmaceutical Outsourcing