Speaking of Covance
Some brief comments on my previous blog entry mentioned Covance (CVD). This is a pharmaceutical CRO (contract research organization) with a broad range of preclinical and clinical services. Most CROs are small (private) specialty companies that offer a specific service, but there are a few like Covance that are both public and have a broader spectrum of offerings, often including clinical trial management. TMO, VTIV, CRL, MDZ and others for example.
Why bring it up now? [How Rumsfeldian of me to ask and answer my own questions]
Well Contract Pharma - a (free) industry magazine dedicated to outsourced contract research just put out a sponsored supplement titled 'Strategic Partnering Supplement'.
Now this supplement isn't journalism. It is sponsored and written by Covance and should be read with the PR-filtering glasses firmly in place. Still, it is a nice summation of the history and justification for outsourcing. As you see big pharma doing layoff after layoff (GSK just very recently), one has to believe they are getting this religion. This is a bull industry (pharma CROs) in my opinion, don't ignore it.