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Welcome to the July 2017 issue of CMC Market Outlook
This monthly e-newsletter provides valuable insights for both buyers and sellers of CMC drug development services. Our coverage will help you identify and understand market trends that will inform your strategic business perspective.
Enjoy the July issue!
Growing Mexico Is Home to Solid CMO Population
by Lisa Tilley Hinkle, Managing Editor
Proximity to the US, a strong regulatory scheme, affordability and decades-long relationships forged with the help of the North American Free Trade Agreement (NAFTA) are among the factors that may make Mexico an attractive location for contract manufacturing services, particularly for products sold in the US or Latin American markets. The country is also fairly well-populated with CMOs that already have experience producing drugs to meet the regulatory requirements of the US and other nations.
According to a May 2016 report by PharmSource’s colleagues at GlobalData, the Mexican pharmaceutical market is forecast to grow… read on
Contract Manufacturing Through the Years
by Jim Miller, President
The 40 years during which Pharmaceutical Technology has served the bio/pharmaceutical industry have been years of momentous growth and change in the way drugs are discovered, developed, manufactured, and sold. CDMOs have long played a part in the industry’s growth, but it is only in the past 20 years that they have become a critical element in bio/pharmaceutical company operations. In light of Pharmaceutical Technology’s 40th anniversary, it is appropriate to review the CDMO industry’s evolution and outlook.
Phase one of the CDMO industry includes the years prior to 1996. In those years, there were three primary participants in the CDMO industry: global bio/pharma companies that provided manufacturing services to each other; fine chemical companies providing intermediates; and… read on
AMRI Sold to PE Firms
by Jim Miller, President
Albany Molecular Research Inc. (AMRI) is being taken private in a deal that values the company at $922 million. The buyers, private equity firms The Carlyle Group and GTCR, are newcomers to the CDMO space, although Carlyle also owns CRO PPD Inc. The investors are paying $21.75 per share, a 42% premium over the average price at which AMRI was trading prior to April 5, 2017, when news of a possible sale first broke. The deal is expected to close in the third quarter of this year.
AMRI had revenues of $570 million and a net loss of $70 million in 2016; 60% of revenues were generated from… read on
Dose CMOs Stuck in Idle
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