Latest Study explores the Contract Research Organization Services Market Witness Highest Growth in Near Future
Emergence of Covid-19 pandemic is expected to propel growth of the contract research organization services market. For instance, globally, as of 4:03pm CET, 1 March 2021, there have been 113,820,168 confirmed cases of COVID-19, including 2,527,891 deaths, reported to the World Health Organization. Moreover, increasing investment in biological therapies is also expected to aid in growth of the market. For instance, in April 2020, i2O Therapeutics, a Harvard-launched biotech company developing a platform for oral delivery of injectable biological drugs, raised US$ 4 million in seed funding led by Sanofi Ventures and JDRF T1D Fund. Launch of new products is expected to offer lucrative growth opportunities for players in the contract research organization services market . For instance, in January 2020, WuXi Advanced Therapies, a global contract development and manufacturing organization, launched fully integrated adeno-associated virus Vector Suspension Platform to help accelerat...