White Paper

From Discovery To Production, Increasing Operational Efficiencies In The Pharmaceutical Industry

Source: Kronos Inc.

By Kronos Inc.

The global pharmaceutical industry has been one of the most successful in recent history, and as it matures, the industry is responding to the changes that naturally occur within any market: new technologies disrupting traditional business models, growth of generic competition, and a search for high- growth markets. As a result, pharmaceutical companies are taking a diverse set of strategic and operational actions to increase revenues and maintain profits. One common thread to these efforts is a motivated and productive workforce. This position paper highlights how the existing workforce is one resource that can yield significant levels of return with limited investment.

The global pharmaceutical industry has been one of the most successful in recent history in terms of innovation and growth, with IMS research estimating the total size at $825 billion in 2009. And as it matures, the industry is responding to the changes that naturally occur within any market: new technologies disrupting traditional
business models, growth of generic competition and a search for high-growth markets.

Kronos has also grown with Pharma and all of Life Sciences, claiming 26 of the top 30 companies as customers and 200 Life Science customers overall. With this experience, we can share how our customers are managing the impact of these changes on the workforce.

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