How to Find Your Secret Source
The complexity and scope of tasks within the (bio)pharma industry lend themselves to outsourcing – especially for small companies – but finding the right partner can be daunting. Do you opt for individual suppliers to form a specialist supply chain? Or do you choose the convenience of a one-stop shop? Here, we present perspectives generated at a Bio Integrates panel discussion.
Stephanie Sutton | | Longer Read
Whether you are a big pharma or small biotech company, the outsourcing question is almost bound to present itself at some point. Bigger companies will be familiar with the process – and even have special departments and personnel responsible for vetting different partners and managing relationships. But for smaller companies, with a limited budget and resources, outsourcing can be far more daunting. Will their presence or spending power affect the quality of service they receive? Put another way: will a small biotech receive the same care and attention as a pharma giant?
This very topic was raised at a Bio Integrates panel discussion in London back in May 2019, when startups, SMEs and emerging companies all came together to discuss the major challenges impacting the pharma and biotech sectors. Jo Craig, Senior Vice President CMC, KaNDy Therapeutics & NeRRe Therapeutics, chaired a session titled, “One-stop shop or specialist supply chain: how do you select the right providers?”, featuring Frank Ritacco (Thermo Fisher Scientific), David Molyneux (Alcami), Brian Fairley (SK biotek), Peter Sargent (UK National Institute for Health Research) and Detlef Behrens (Bay Pharma). The aim was to discuss the challenges smaller companies face in identifying the right outsourcing partners.
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