Due to its numerous benefits in manufacturing and clinical trial investigations, the demand for small molecules is noticeably higher than that of large molecules. A clinical stage immuno-oncology company called Trillium Therapeutics, which is developing novel therapies for the treatment of cancer, was successfully acquired by Pfizer Inc., a multinational pharmaceutical and biotechnology corporation with headquarters in the United States, in November 2021, for instance. According to the terms of the transaction, Pfizer would pay US$2.26 billion, or US$18.50 per share, for any Trillium shares that are not already owned by Pfizer. This costs 118% more than the 60-day weighted average price for Trillium.
By 2030, the market for Contract Pharmaceutical Manufacturing is anticipated to reach US$ 363.74 billion.
Prominent Companies in the Contract Pharmaceutical Manufacturing Industry:
1)Accenture plc: Providing consulting, strategy, technology, and operational services, Accenture is a top global provider of IT services. These services cover a wide range, including procurement services, software system integration, and assistance with digital transformation for businesses. The business offers its IT services to a number of industries, including media and technology, communications, financial services, consumer goods, health and public services, and resources. In 200 cities across 51 countries, Accenture employs just under 500,000 employees. Bermuda's Hamilton in 1989. Dublin, Ireland is home to the headquarters. Flutura, an industrial artificial intelligence (AI) business with headquarters in Bangalore, India, will be acquired by Accenture (NYSE: ACN) in 2023.
2)Cognizant Technology Solutions: The financial services, media and communications, healthcare, natural resources, and consumer products industries are just a few of the industries that Cognizant provides consulting and outsourcing services to. United States, New Jersey, Teaneck. Utegration was established in 1994 as a Dun & Bradstreet internal technology division. In December 2022, Cognizant acquired Utegration.
3)ATOS SE: A provider of information technology services and products, Atos SE also provides consulting services, digital security solutions, and decarbonization options to its customers. Created in 1997. Headquarters are in France's Bezons. In 2022, Atos declared that it had successfully acquired Cloudreach, a preeminent provider of multi-cloud services with a focus on public cloud application development and cloud migration and solid relationships with all three hyperscalers.
4)Catalent, Inc.: A contract development and manufacturing company, or CDMO, is Catalent. Biologics, softgel and oral technologies, oral and speciality delivery, and clinical supply services make up its four operating segments. American headquarters are in Somerset, in Franklin Township, New Jersey. 2007: year of establishment. Catalent will pay $475 million to acquire Metrics Contract Services in order to increase the capacity for manufacturing and high-potential capabilities.
5)Genpact Limited: A company that offers business process management services is Genpact Ltd. Industry verticals serving as clients include those in the capital markets, banking and financial services, insurance, consumer products, infrastructure, manufacturing and services, healthcare, life sciences, and high-tech. Headquarters: United States, New York, New York. Created in 1997. 20 acquisitions and 1 investment have been made by Genpact. Around $601 million has been spent by the corporation on acquisitions. Genpact has made investments in a variety of industries, including Technology for insurance, banking, and finance & accounting.
6)PAREXEL International Corporation: A new expert series called New Medicines, Innovative Insights has been launched by Parexel, one of the biggest clinical research firms (CROs) in the world, which offers a full range of Phase I to IV clinical development services. Created in 1982. Headquarters: Newton, Massachusetts (USA), Auburndale. According to a 2021 report, EQT Private Equity and Goldman Sachs Asset Management would buy Parexel.
Definition: Contract Manufacturing (CM) is defined as a firm that manufactures components or products for another "hiring" firm. It is a form of outsourcing
