Business Trends
Drug-discovery companies turn to low-cost Asian countries for greater cost savings
Published in Biotech Business Week, February 13th, 2006
Other major factors driving this shift to Indian and Chinese companies are the better access to expertise, productivity gains, process improvements, variable costs, avoidance of capital outlays, and opportunities for companies to focus on specific niches.
With competition in the global market escalating, multinational companies are aggressively seeking innovative strategies such as outsourcing production....
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