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Report: Heavier reliance on 'network pharma' model

Product manufacturers in the pharmaceutical industry are finding it increasingly difficult to drive strong growth, for reasons such as governmental cost-containment measures like promoting more economical generic drugs, in an attempt to limit spiraling healthcare costs

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The pharma industry is suffering from low R&D productivity; the number of new molecular entities (NMEs) approved in the United States has fallen to its lowest levels in 20 years, record investment in R&D, according to a new report from Datamonitor, an online provider of global data, analysis and forecasting for major industry sectors.

These changes in the pharma environment are prompting product manufacturers to find novel ways to overcome the challenges facing them, including those relating to product manufacturing and packaging.

The report finds that one solution gaining increasing favor among pharma companies is the reliance on third-party providers. Pharmaceutical companies are shifting toward a “network pharma” model.

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