Contract manufacturers play a significant role when it comes to manufacturing medical products. By partnering with the right CM, a medical device manufacturer can save plenty of time and overhead costs. Life sciences companies need CMOs due to the potential rise in the number of products that are going through preclinical and clinical development and are relying on contract manufacturing to execute their unique requirements while cutting costs.
The contract manufacturing organizations are looking at new technologies to boost economies of scale, improve manufacturing productivity, and overall efficiency. They are currently using AI to generate novel drug candidates, understanding disease mechanisms, as well as aggregating and synthesizing information. Big data analytics also plays a crucial role in the contract manufacturing industry where organizations are widely adopting data integration, master data management, and visualization tools to determine demand forecasts, production planning, inventory optimization, and operation planning data.
While pharma companies refocus their core strengths and assets, CDMOs are playing a crucial role in providing added facilities to mitigate the risk of supply shortages by supplying multisite strategies and backup capacities. To steer CIOs in the right direction while choosing the right contract manufacturing services provider, an esteemed panel of CEOs, CIOs, VCs and analysts in coordination with Pharma Tech Outlook’s editorial board have put together a list of the leading CMOs in the industry. The vendors featured in the edition have exhibited their capabilities in providing exceptional services along with a host of innovative technologies. We present to you the “Top 10 CMOs - 2019.”
