Contract manufacturing in India and China backed by government policies
Contract Manufacturing Organizations (CMO) will reap the rewards as pharmaceutical production becomes increasingly globalized, according to a new report by business intelligence firm GBI Research.
The new report anticipates that the global CMO market will grow steadily due to the increased outsourcing of pharmaceutical production by Western pharmaceutical manufacturers to Asian countries. The availability of adequate numbers of current Good Manufacturing Practices and compliant manufacturing sites in Asia make India and China popular outsourcing destinations of choice for CMOs.
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