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Everest Report: Outsourcing Spend Hits 10-Year High

Pharma outsourcing deals up 81% in 2010

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By: Tim Wright

Editor-in-Chief, Contract Pharma

According to a report by Everest Group, Outsourcing and Offshoring Trends in Pharmaceuticals, pharma companies are expected to continue increasing spend on global sourcing after a record number of contracts were signed in 2010. According to the report, pharma outsourcing deals grew at a faster pace in 2010 that represented an 81% growth over 2009 as compared to the overall industry average of 13%. Everest Group estimates outsourcing levels are currently about 3-5% of the pharmaceutical industry...

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