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Stock impact report

Increasing Outsourcing of Clinical Research Activities by Biotech Firms to Specialized CROs Propels the Growth of the CRO for Biotech Market Globally; states TNR, The Niche Research [Yahoo...

Labcorp Holdings Inc. (LH) 
Last labcorp holdings inc. earnings: 4/29 06:53 am Check Earnings Report
Company Research Source: Yahoo! Finance
Wilmington, Delaware, June 10, 2024 (GLOBE NEWSWIRE) -- The contract research organization (CRO) market in biotech is witnessing robust growth, driven by several key trends and growth drivers. With biotech firms increasingly focusing on innovation and outsourcing non-core activities, the demand for CRO services continues to soar. Key drivers include the rising complexity of clinical trials, necessitating specialized expertise and infrastructure provided by CROs. Additionally, the globalization of clinical trials is expanding, driven by the need for diverse patient populations and cost-effective operations. Technological advancements, such as artificial intelligence and big data analytics, are transforming trial processes, enhancing efficiency, and reducing costs. Furthermore, the push towards personalized medicine and the surge in biologics development are fueling the demand for CRO services, making the CRO for biotech market poised for continued expansion. Global CRO for Biotech M Show less Read more
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