The demand for bioanalytical services in the pharmaceutical and biotechnology industries is more than ever today. However, the challenges of high cost, time-taking processes and complying with quality standards and regulations make it very difficult for the organizations to conduct the services in-house with their resources and skillsets. This has led to more outsourcing in the recent days to the firms that specialize in this domain. Besides, the increase in the incidence of several chronic diseases and hike in the economic cost burden of the diseases on healthcare have propelled the need for innovative drugs in the markets, which has encouraged an increase in investments by biopharmaceutical companies in R&D and drug development, leading to greater focus on the global bioanalytical services market.
The bioanalytical services companies today are trying to consistently develop, optimize, validate and deploy quantitative bioanalytical methods to measure drug and metabolite concentrations for samples in biological fluids like plasma, serum
cerebrospinal fluid (CSF), tissues, urine and unconventional matrices like ocular, muscle, and bile. The companies strive to optimize the existing methodologies to increase the efficacy and robustness to help identify the liabilities and de-risk regulated issues. But developing the methods for drug delivery is often an area where delays occur. This can seamlessly be avoided with proper planning. It is often, primarily essential to move the bioanalytical methods from one laboratory to another over the drug development process. With today’s increasing pressure, cost and time involved in drug discovery and development, it is the need of the hour to optimize bioanalysis and related processes suitably to meet the quality, schedules and compliance throughout biopharmaceutical research and development. To help business decision-makers streamline workflow, increase efficiency and remove bottlenecks, Life Science Review presents “Top 5 Emerging Bioanalytical Services Companies in UK and Europe - 2021,” for selecting the right partner for their respective ventures