{"product_id":"mergers-acquisitions-in-the-contract-research-organization-industry-von-jakob-miera","title":"Mergers \u0026 Acquisitions in the Contract Research Organization Industry","description":"\u003cp\u003eMaster's Thesis from the year 2013 in the subject Business economics - Business Management, Corporate Governance, grade: 1,0, , language: English, abstract: This thesis deals in general with mergers \u0026amp; acquisitions in the CRO industry, and more\u003c\/p\u003e\u003cp\u003especifically with reasons for M\u0026amp;A, success factors during the M\u0026amp;A process, and why\u003c\/p\u003e\u003cp\u003eM\u0026amp;A can fail in the Contract Research Organization industry.\u003c\/p\u003e\u003cp\u003eThe pharmaceutical industry faces increasing obstacles in respect to the development and\u003c\/p\u003e\u003cp\u003eintroduction of new medications. That has to do with stricter requirements for admission\u003c\/p\u003e\u003cp\u003eand sharper controls by authorities. Today, the research and development of a new drug\u003c\/p\u003e\u003cp\u003ecan easily consume more than $800 million and lasting between 10 and 15 years. Due to\u003c\/p\u003e\u003cp\u003ethese admission, money and time pressures, pharmaceutical companies are looking for an\u003c\/p\u003e\u003cp\u003ealternative in the drug development process. A very popular alternative is the outsourcing\u003c\/p\u003e\u003cp\u003eor in-house working with Contract Research Organizations (CRO). Contract Research\u003c\/p\u003e\u003cp\u003eOrganizations are specialized in coordination and monitoring of drug development\u003c\/p\u003e\u003cp\u003eactivities. Due to their focus they often offer a more sophisticated and faster process.\u003c\/p\u003e\u003cp\u003eDemographic changes, chronic diseases like cancer and diabetes, and completely new\u003c\/p\u003e\u003cp\u003ecluster of symptoms demand new therapeutically treatments. The size of the CRO market\u003c\/p\u003e\u003cp\u003ein 2012 was around $32 billion and had an estimated market growth of around 9 ¿ 12% for\u003c\/p\u003e\u003cp\u003e2013. Increased outsourcing and allocation of R\u0026amp;D money towards CRO reflects a driving\u003c\/p\u003e\u003cp\u003eforce for prospective growth. To benefit from the good industry outlooks CROs adjust\u003c\/p\u003e\u003cp\u003etheir service offerings and strengthen their competitive situation.\u003c\/p\u003e\u003cp\u003eMore and more Contract Research Organizations consider mergers \u0026amp; acquisitions as a\u003c\/p\u003e\u003cp\u003evital solution to achieve their objectives. Since couple of years we can observe an\u003c\/p\u003e\u003cp\u003eincreased number of deals. Large corporations can close the gaps in the internal service\u003c\/p\u003e\u003cp\u003epipeline and smaller firms can use mergers as a financial exit.\u003c\/p\u003e\u003cp\u003eHowever, many M\u0026amp;A activities are considered as ineffective and contra-productive for\u003c\/p\u003e\u003cp\u003ethe shareholder value ¿ either destroy or merely add. Depending on the study, the numbers\u003c\/p\u003e\u003cp\u003eof M\u0026amp;A failures vary from 50% to even 80%. Possible reasons may be not enough\u003c\/p\u003e\u003cp\u003eintegration planning and unrealistic expectations on the cost and time. The reality shows\u003c\/p\u003e\u003cp\u003ethat it is not that easy to cut costs by simple combining two departments after a merger or\u003c\/p\u003e\u003cp\u003eacquisition. Additionally, we can see that mergers and acquisitions basically not succeed\u003c\/p\u003e\u003cp\u003eduring the actual process.[...]\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783656515432\"\u003e\u003ch3\u003e\u003c\/h3\u003e\u003c\/div\u003e","brand":"Libri","offers":[{"title":"Softcover - 9783656515432","offer_id":39446568697949,"sku":"9783656515432","price":54.99,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/6d4fb272-a7ff-4f73-985f-fd833449d27a.jpg?v=1778047493","url":"https:\/\/shop.autorenwelt.de\/products\/mergers-acquisitions-in-the-contract-research-organization-industry-von-jakob-miera","provider":"Autorenwelt Shop","version":"1.0","type":"link"}