6 TECH OUTLOOKMay - 2020EditorialStacey Smith Editor-in-Chiefeditor@pharmatechoutlook.comHistorically, all elements of a pharmaceutical production cycle--from prototype testing to order fulfillment--were managed by a single organization. However, with production costs increasing and profit margins becoming tighter, many companies are outsourcing some areas of the process. And, one such area is the packaging process. By adopting contract packaging, pharmaceutical manufacturers can reduce their capital expenditure and operating cost associated with the purchase of packaging machineries, space for setting up packaging units, and labor cost for the same. Specialized contract packagers (CPs) help ensure a higher level of speed and accuracy in their packaging operations. This allows pharma companies to focus on their core competencies--developing drugs--and leave the mounting complexities of pharmaceutical packaging to the experts. With greater flexibility, shorter lead times, and a wide portfolio of capabilities, specialized pharmaceutical packaging companies provide full-service solutions that pharma manufacturers are unable to. Moreover, outsourcing packaging can reduce total supply chain costs by 25 to 50 percent.That being said, technological advancements over the years have led to a wealth of changes, both in terms of packaging and in the development of pharmaceuticals contained within. Each new type of drug developed has new packaging, labeling, storage, and shipping demands. These demands are best met by contract packagers, who are able to invest in the technologies required to safely manufacture and meet these demands. Through this edition of Pharma Tech Outlook, we bring to you some of the most prominent contract packaging companies that are transforming the packaging process of the pharmaceutical industry with their innovative offerings. This issue also provides a combination of thought leadership from subject-matter experts with real-life stories on fostering robust partnerships and exclusive insights from C-level executives. We hope this edition will provide you with the assistance you need in choosing a capable contract packager that caters to your unique requirements. Let us know your thoughts!Rethinking Primary Pharmaceutical PackagingCopyright © 2020 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.MAY - 22 - 2020, Vol 06 - Issue 08 (ISSN 2644-2787) Published by ValleyMedia, Inc. To subscribe to Pharma Tech OutlookVisit www.pharmatechoutlook.com *Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffEditor-in-ChiefStacey SmithVisualizerAsher BlakeEditorial StaffAaron Pierce Ava GarciaJenna VegasCarolynn Walters Justin SmithPaul BarberSalesBrian Thomasbrian@pharmatechoutlook.comPhone: 510.556.2402sales@pharmatechoutlook.comeditor@pharmatechoutlook.commarketing@pharmatechoutlook.comEmail:Contact Us:Phone:510.556.2402, Fax:510-894-8405David ParkerTECH OUTLOOKTECH OUTLOOK
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