Consolidation

CMOs are looking to consolidate to increase their margins

CMO use on the up, low margins ahead

By Fiona BARRY

Contract manufacturing will rise over the next five years as drugmakers feel the pressure to reduce supply chain time, and choose to focus on in-house R&D rather than conduct their own manufacturing.

Parexel to lay off up to 125 transferred GSK employees

UPDATE

Parexel to lay off up to 125 transferred GSK employees

By Zachary Brennan

Beginning Sept. 30, Massachusetts-based CRO (contract research organization) Parexel will lay off as many as 125 of the 450 employees it brought on from GlaxoSmithKline (GSK) in North Carolina late last year, according to a North Carolina WARN report...

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