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Asia A Pharmaceutical Haven

Running head: ASIA, A HAVEN FOR U.S. PHARMACEUTICAL COMPANIES

Asia, a Haven for U.S. Pharmaceutical Companies Outsourcing

Abstract
Outsourcing is the concept of taking ones internal company functions and paying an outside firm to handle them. The overall Increasing costs in drug development and regulatory challenges in the U.S. have driven U.S. pharmaceutical Companies to look to India and China as viable alternatives for parts of their drug development processes. Some initial uncertainties like language/cultural barrier, ethical and Intellectual Property issues stall the outsourcing process. However, other benefits like overall cost savings especially in R&D and clinical trial, cheaper skilled labor and increased turn around time for drug approval encourage outsourcing. There is increased evidence that suggests that Pharma outsourcing to India and China is thriving and will continue into the future.

Asia, a Haven for U.S. Pharmaceutical Companies Outsourcing
Outsourcing......


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Approximate Word Count: 2244
Approximate Pages: 9 (250 words per double-spaced page)

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