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A Shift to Outsourcing, Practical Innovation, Increased Reliance on Raw Material and Faster FDA Approvals Dominate the Sector in 2019
PCI Synthesis, Inc. (www.pcisynthesis.com), a pharmaceutical manufacturer of new chemical entities (NCEs), generic active pharmaceutical ingredients (APIs), and other specialty chemical products, issued its annual list of trends that will affect the emerging biotech and generic drug sectors, as well as Contract Development and Manufacturing Organizations (CDMOs), Contract Research Organizations (CROs) and Contract Manufacturing Organizations (CMOs) in 2019.
“Innovation, hiring and access to raw materials will be top of mind in 2019,” said Ed Price, president of PCI Synthesis. “While drug prices seem to dominate the news, what gets overlooked is the U.S.’s role leading the development of complex life-saving and life-enhancing drugs. In addition to concerns about raw material shortages and a shortage of qualified chemists in 2019, we expect to see continued consolidation among big pharma and CDMOs, as well as heightened demand for GMP manufacturing for pharma foods and polymers.”
Below are five trends that PCI Synthesis expects will impact the industry next year:
About PCI Synthesis
PCI Synthesis is a Pharmaceutical Development CDMO (Contract Development and Manufacturing Organization) based in Newburyport, Mass. and is the largest small molecule drug substance manufacturer in the New England area. A wholly-owned subsidiary of French-based Novacap International SAS, a billion-dollar pharmaceutical synthesis and advanced specialties company, PCI Synthesis is also a commercial manufacturer of new chemical entities (NCEs), generic active pharmaceutical ingredients (APIs), and other specialty chemical products for the medical device industry. As a CDMO, PCI Synthesis provides emerging and mid-sized pharmaceutical companies access to the expertise needed to develop and manufacture complex small molecules. To learn more about PCI Synthesis, its proprietary NCE development activities and process R&D capabilities please visit www.pcisynthesis.com.
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