Discovery Search Partners offers depth of both experience and knowledge of the unique challenges of the pharmaceutical services industry. Pharmaceutical services is a broad category comprised of contract research, contract manufacturing, and contract sales organizations. This industry also includes organizations that serve the pharmaceutical industry in a variety of other capacities such as information services and technology, as well as safety and strategy consulting.
Contract Research Organizations (CROs) represent the highest growth segment of the Pharmaceutical Services industry. CROs provide drug development services for pharmaceutical and biotech companies in the form of clinical trials, clinical data management and technical support in areas such as regulatory affairs. Outsourcing penetration, which is currently estimated at 30%, will continue to increase as life science companies seek ways to increase productivity and efficiency while lowering costs by shifting to a more variable cost structure. CROs have proven their ability to reduce R&D costs while decreasing product development timelines. The global CRO industry which was a $50 million market 30 years ago is expected to grow into almost $60 billion by 2020.
Discovery Search Partners plays a significant role in the identification and selection of executive talent in the CRO and other pharmaceutical service sectors through a relationship with several of the leading companies. Discovery Search Partners’ ability to evaluate talent and identify executives that understand the pharma services market, and that have the skills to succeed, has allowed our clients to attract the leadership necessary to build successful teams and grow revenues in a competitive market.
With these clients, we have placed numerous executives in functional areas such as:
- General Management and Business Unit Leadership
- Commercial Leadership
- Drug Development Services
- Early Stage Clinical Development
- Project Management
- Program Management
- Therapeutic Area Heads
- Patient Recruitment
- Data Management & Biostatistics
- Alliance Management
- Corporate Training & Development
With our record of success in this unique and growing industry, Discovery Search Partners has carved out a niche for ourselves as the premier search firm for Pharmaceutical Services.