Partnerships Latin America Session Spotlight: Industry Update: Impact of the Economic Crisis and Industry Consolidation on the Global Development

Each week leading up to Partnerships in Clinical Trials Latin America, we'll be highlighting a session from the upcoming conference. It will take place August 2-4, 2010, in Buenos Aires, Argentina. For more information, visit our webpage to download the brochure.

Featured Session: Industry Update: Impact of the Economic Crisis and Industry Consolidation on the Global Development of Clinical Trials

Presented by: Victor Molina Viamonte, MD, FACC, President, CAOIC (Cámara Argentina de Organizaciones de Investigación Clínica)

About the session:
Low R&D productivity, increasing costs, and the impending patent expiration of blockbuster drugs have contributed to the recent wave of mergers, acquisitions, and corporate restructurings throughout the industry intended to reduce costs via consolidation and staff reductions. With budget restrictions in place, sponsors need to outsource more but with less money to do so and many are cutting back on development plans and delaying programs.

• The impact of consolidation and cost-cutting on clinical development
• Partnering with CROs to find innovative ways to get drugs to market spending less money and deliver molecules in a more productive way
• CRO strategy for growth in a marketplace where biotech is hurting and Big Pharma is scaling back• What will the global pharmaceutical industry look like in 5 years time?