Top 10 CMOs in APAC - 2021

With the growing demand for generic medicines and biologics,  pharmaceutical companies have identified the potential  profitability in contracting with a contract manufacturing  organization (CMO) for both clinical and commercial stage  manufacturing. By partnering with the right CM, a medical  device manufacturer can save plenty of time and overhead costs. The increased  demand for capable and dependable CMOs has seen the global CMO market growing  at an unprecedented rate. Another reason for this growth is the unexpected hit of  the COVID-19 pandemic. To look for a cure, pharma giants are leaving no stones  unturned to find a cure to this highly contagious virus. Other factors driving the  growth of CMOs in the pharmaceutical industry is the growing need for state-ofthe-  art processes and production technologies, which have proven highly effective in  meeting regulatory requirements.  CMOs are consolidating as a means of improving profitability in the competitive  market. They are looking at new technologies to boost economies of scale, improve  manufacturing productivity, and overall efficiency. To expand their capabilities and  global market reach, these companies are entering into new alliances through mergers  and acquisitions. Further, the relationship of pharmaceutical manufacturers with CMO  and contract development and manufacturing organizations (CDMOs) is increasingly  evolving from one-dimensional product outsourcing into a broad partnership model  involving several aspects of development, testing, production and research.Although  smaller firms have equal dependence as large drug companies on their CMO/CDMO  partners, their priority is focused on a different set of solution offerings.While pharma  companies refocus their core strengths and assets, CDMOs are playing a crucial role  in providing added facilities to mitigate the risk of supply shortages by supplying  multisite strategies and backup capacities.  With CMOs entering the APAC market with their competitive solutions,  companies need help to identify the right CMO partner. To help companies choose  the right CMO solution partners best suited for them, Pharma Tech Outlook has  compiled a list of top 10 CMOs in APAC. These companies are transforming the  pharma landscape with various disruptive technologies and best in class solutions.  We bring you PharmaTech Outlook’s “Top 10 CMOs in APAC - 2021.”