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Report States CMOs Should Ramp Up Marketing Efforts

Contract renewal relatively low at 40 to 50% across all product types

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By: Tim Wright

Editor-in-Chief, Contract Pharma

Recent customer research from Frost & Sullivan’s Competing in the Global Contract Manufacturing Market reports that the global contract manufacturing market is growing steadily with firms allocating as much as 4% of annual revenues for CMO services, with a likely markup to 11% in the next three years. On average, firms partner with six CMOs. However, overall satisfaction and likelihood of contract renewal is relatively low, at around 40 to 50% across all product types, according to the...

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