Given the economic and social evolutions, life sciences companies need a well-defined organisation and strategy. Due to significant cost pressure, organisations are increasingly compelled to focus on efficiency gains to maintain their financial situations. Joint ventures, shared services, outsourcing of non-core businesses, alliances with other life sciences players and acquisitions of competing firms are only a few ways to achieve these aims.
In order to make the best use of possible partnerships, life sciences companies will need to focus on:
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