Navigation Links
Pharma Industry Stretching Every Dollar: New Study Finds Rise in Outsourcing of Key Support Functions
Date:9/9/2012

CHAPEL HILL, N.C., Sept. 9, 2012 /PRNewswire/ -- The pharmaceutical and biotech industries are reeling from the patent expirations of many blockbuster drugs and increased regulatory scrutiny.  As a result, many of the "support functions" within drug manufacturing organizations – such as Market Research and Business Intelligence groups – are under mounting pressure to cut costs and demonstrate value. 

Burdened with headcount constraints and new products to support, executives can potentially gain critical efficiencies through the shrewd use of outsourced personnel and system automation.

According to a brand-new study from Best Practices, LLC, 73% of companies are now using outsourced personnel for some facet of Market Research.

"Market Research Efficiency Benchmark: Using External Personnel and Automation to Maximize Effectiveness," a brand-new pharma-focused benchmark study enables Market Research and Business Intelligence professionals to identify strategies, solutions, and key transition processes underway in the life science industry - and help organizations cut costs without sacrificing Market Research performance.

The study is based on research and data provided by 22 pharmaceutical and biotech executives from 19 different companies.

Sample key findings from this critical new research include:

  • External Personnel Hired One at a Time, Not En Masse:  For any particular Market Research function (secondary analytics, report preparation, etc.), benchmarked companies mainly contract just a single FTE or contractor.  At both Midcaps and Large Pharma organizations, many interviewed executives reported being short on bandwidth internally, and contract long-term external labor to fill this need.
  • Use of Automation in Market Research on the Rise: A majority (63%) of market research groups hav
    '/>"/>

SOURCE Best Practices, LLC
Copyright©2012 PR Newswire.
All rights reserved

Page: 1 2

Related medicine technology :

1. Study Finds Utilizing Integrated Medical and Pharmacy Data Improves Ability to Forecast Use of High-cost Specialty Treatments
2. Report Presents a Framework for Successful New Oncology Product Launches in the Pharmaceutical Sector
3. WuXi PharmaTech Files 2011 Annual Report on Form 20-F
4. Savient Pharmaceuticals to Hold First Quarter 2012 Financial Results Conference Call on Wednesday, May 9, 2012
5. Pharmaceutical Industry Service Company Awarded The UKs Most Prestigious Business Accolade in Recognition of Outstanding Achievement in International Trade
6. Academy of Managed Care Pharmacy (AMCP) Installs 2012-2013 Board of Directors
7. Auxilium Pharmaceuticals to Present at the Deutsche Bank 37th Annual Healthcare Conference
8. Simcere Pharmaceutical Group to Announce First Quarter 2012 Financial Results on Wednesday, May 9, 2012
9. Nouveau Life Pharmaceuticals (HRID) Contracts with U.S. Manufacturer to Produce New Female Supplement
10. Thomson Reuters Launches New Mobile Oncology Decision Support Solution for R&D Pharmaceutical Leaders
11. Amgen to Acquire Mustafa Nevzat, a Leading Privately Held Turkish Pharmaceutical Company
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/31/2014)... 31, 2014 ThynkWare ( www.thynkware.com ) is ... text and email messages using their thoughts. ... by ThynkWare,s founder, Duane Cash , which is ... This technology allows users to control their devices in ... thought. ThynkWare provides the interface layer between ...
(Date:10/31/2014)... Oct. 30, 2014 Migranade, Inc. announced today ... available to the 36 million U.S. migraine sufferers November, ... that targets the actual cause of migraines and not ... and not the source Migranade is assured to be ... Migraine Relief is available at http://www.migranade.com and ...
(Date:10/31/2014)... 31, 2014  AbbVie (NYSE: ABBV ... quarter ended Sept. 30, 2014. ... our business with double-digit growth from HUMIRA and ... nearly 14 percent in the quarter excluding lipids," ... officer, AbbVie.  "We exceeded our outlook for the ...
Breaking Medicine Technology:ThynkWare Speech Helps Those with ALS and Locked-In Syndrome Translate Thought to Speech on Their Smartphone Devices 2Game Changing Migraine Medication To Be Available November 2014 2AbbVie Reports Third-Quarter 2014 Financial Results 2AbbVie Reports Third-Quarter 2014 Financial Results 3AbbVie Reports Third-Quarter 2014 Financial Results 4AbbVie Reports Third-Quarter 2014 Financial Results 5AbbVie Reports Third-Quarter 2014 Financial Results 6AbbVie Reports Third-Quarter 2014 Financial Results 7AbbVie Reports Third-Quarter 2014 Financial Results 8AbbVie Reports Third-Quarter 2014 Financial Results 9AbbVie Reports Third-Quarter 2014 Financial Results 10AbbVie Reports Third-Quarter 2014 Financial Results 11AbbVie Reports Third-Quarter 2014 Financial Results 12AbbVie Reports Third-Quarter 2014 Financial Results 13AbbVie Reports Third-Quarter 2014 Financial Results 14AbbVie Reports Third-Quarter 2014 Financial Results 15AbbVie Reports Third-Quarter 2014 Financial Results 16AbbVie Reports Third-Quarter 2014 Financial Results 17AbbVie Reports Third-Quarter 2014 Financial Results 18AbbVie Reports Third-Quarter 2014 Financial Results 19AbbVie Reports Third-Quarter 2014 Financial Results 20AbbVie Reports Third-Quarter 2014 Financial Results 21AbbVie Reports Third-Quarter 2014 Financial Results 22AbbVie Reports Third-Quarter 2014 Financial Results 23AbbVie Reports Third-Quarter 2014 Financial Results 24
... WASHINGTON, Sept. 16 Policymakers and market leaders looking for ... are looking to the medical home to advance quickly and ... will converge on Washington, DC, Oct. 21, 2010 to examine ... means to deliver health care with better quality outcomes and ...
... Files New Patent Applications -- SHANGHAI, Sept. 16 /PRNewswire-Asia-FirstCall/ -- ... ... ... first_result; // Results are keyed by longUrl, so we need to grab the first one. for (var ...
Cached Medicine Technology:Patient-Centered Primary Care Collaborative Convenes Annual Summit 2Patient-Centered Primary Care Collaborative Convenes Annual Summit 3China-Biotics Files New Patent Applications 2China-Biotics Files New Patent Applications 3China-Biotics Files New Patent Applications 4China-Biotics Files New Patent Applications 5China-Biotics Files New Patent Applications 6China-Biotics Files New Patent Applications 7
(Date:10/31/2014)... (PRWEB) October 31, 2014 This ... has amazing health effects for practitioners. , ... a Doctor of Science and Movement specializing in ... dedication to pelvic floor reeducation that traditional abdominal ... incontinence, Diastasis Recti, Prolepses, etc. , The Hipopressives ...
(Date:10/31/2014)... News) -- Surgery for low back pain caused by ... States you live, a new report says. "Nearly ... at some point in their lives, and about 30 ... a spine problem," co-author Brook Martin, of the Dartmouth ... a college news release. In spinal stenosis, thickening ...
(Date:10/31/2014)... older Americans say that either they or a family ... to the latest issue of The Gerontological Society of ... PP&AR ), which goes on to show that Americans ... honor patients, end-of-life health care wishes. , This ... Options ," features 12 articles that present new ways ...
(Date:10/31/2014)... October 31, 2014 Urban Hydroponics, Inc. ... today announced it has signed a Binding Letter of ... the urban cultivation sector - Urban Cultivator Inc. (“Urban ... and W3 Metal Inc. (“W3 Metal” and together with ... Pursuant to the LOI and an earlier non-binding ...
(Date:10/31/2014)... Triple Board Certified surgeon Dr. Jeffrey ... transform the appearance of military veteran Joseph Jones. ... Plastic and Reconstruction Surgery (AAFPRS) Faces of Honor program, ... hair Jones lost during an IED blast almost ten ... procedure, valued around $16,000, took Dr. Epstein over eight ...
Breaking Medicine News(10 mins):Health News:Super Models and European Celebrities’ Secret Flat Tummy System Comes to America 2Health News:Super Models and European Celebrities’ Secret Flat Tummy System Comes to America 3Health News:Spinal Surgery Varies by Region in U.S.: Study 2Health News:Advance directives can benefit patients, families, and health care system 2Health News:Urban Hydroponics Inc. Signs Definitive Agreement to Merge with Canadian Hydroponics Companies 2Health News:Urban Hydroponics Inc. Signs Definitive Agreement to Merge with Canadian Hydroponics Companies 3Health News:Urban Hydroponics Inc. Signs Definitive Agreement to Merge with Canadian Hydroponics Companies 4Health News:Urban Hydroponics Inc. Signs Definitive Agreement to Merge with Canadian Hydroponics Companies 5Health News:Miami Hair Restoration Specialist Transforms Wounded Soldier 2
... doctors,and six others have been charged in four ... schemes totaling $56 million, the Department of,Justice Criminal ... of Florida announced today., One indictment alleges ... Harris, 57, and Enrique Gonzalez, 62, conspired to ...
... hospitals, physicians,pharmaceutical companies, and insurance providers that make ... spending $55 billion on,telecommunications services over the next ... by the Insight Research Corporation. According to,the market ... on,telecommunications services will grow at a compounded rate ...
... 29 GNC wants to help honorably,discharged veterans ... program., The program is designed to help ... next journey in life. Through Dec. 31, 2008, ... normal franchise fee.,Service-disabled veterans receive additional benefits, including ...
... May 29 Alexza,Pharmaceuticals, Inc. (Nasdaq: ... has joined the company as Vice President, ... in the development and,execution of clinical and ... product candidates. Dr. Clarke was most recently,Vice ...
... May 29, 2008 Aging dental bridges are a maintenance headache ... to floss, often decay, and require replacement with longer bridges. ... to nowhere should be replaced with permanent dental implants. ... bridges in our mouths for twenty years or more. They ...
... 2007 ... date in 2008, VANCOUVER, May 29 /PRNewswire-FirstCall/ - CRH Medical ... three months ended March 31, 2008 compared to $0.50 million for ... Company,s net,loss decreased to $0.96 million ($0.02 per share) for the ...
Cached Medicine News:Health News:Three Miami Area Doctors and Six Others Charged in $56 Million Health Care Fraud Schemes 2Health News:Three Miami Area Doctors and Six Others Charged in $56 Million Health Care Fraud Schemes 3Health News:Three Miami Area Doctors and Six Others Charged in $56 Million Health Care Fraud Schemes 4Health News:Three Miami Area Doctors and Six Others Charged in $56 Million Health Care Fraud Schemes 5Health News:Healthcare Industry Spending on Telecommunications Services Hits $55 Billion Over Next Five Years, Says Insight Research 2Health News:Veterans to Receive Business Discounts Through GNC's New Veterans Franchising Opportunity 2Health News:Anthony Clarke, PhD Joins Alexza Pharmaceuticals as Vice President, International Development Operations 2Health News:Anthony Clarke, PhD Joins Alexza Pharmaceuticals as Vice President, International Development Operations 3Health News:Dental implants preferred option for aging bridges 2Health News:CRH Medical reports Q1 2008 results 2Health News:CRH Medical reports Q1 2008 results 3Health News:CRH Medical reports Q1 2008 results 4
... WaveScan WaveFront System is an ophthalmic diagnostic ... wavefront aberrations of the human eye using ... be used to determine regular (sphero-cylindrical) refractive ... or blurry vision in the human eye. ...
... Trusted technology. Precisely measured. ... precision diagnostics, measuring refractive error ... of the eye. ,As part ... Zyoptix™ Diagnostic Workstation, Zywave II ...
ZYMAR™ ophthalmic solution is an anti-infective prescription eye drop that your doctor may instruct you to use if you have an eye infection caused by bacteria. Bacterial conjunctivitis is the e...
... P.M.® lets you sleep on ... in the morning awake with ... ready to take on the ... comfort and protection, this preservative-free ...
Medicine Products: