TEANECK, N.J., May 13, 2015 /PRNewswire-iReach/ -- ChemOutsourcing today announced that it has implemented a major expansion of the 2015 show by widening its attendee and exhibitor base by adding Late Stage Clinical Sourcing (Phase IIB-III) and Commercial API Manufacturing to the existing format.
The strategic move is designed to permit full service of the active ingredients (API) business space beginning this year, commented Mark Alexay, the event organizer. "We are attracting a larger and more diverse group of buyers and sellers of APIs. The post-launch and generic API markets are huge. It is a natural progression to generate greater value for attendees".
ChemOutsourcing was founded in 2007 and initially focused solely on Drug Discovery - Phase IIA chemistry sourcing and CMC. The expansion is designed to significantly increase the 700-800 annual attendees from 30 countries and 100-110 exhibitors.
Mark Alexay went on to say that "Attendees suggested the expansion several years ago. They mentioned that a more comprehensive show would mean fewer business trips, less travel expense, and more productive use of their time. The oceanfront hotel venue and proximity to large pharma companies are good reasons, too. Now is a good time to act on their suggestion."
Other market dynamics behind the decision to expand the show are the growing globalization of the pharmaceutical supply chain, increasing generic penetration, and better funding of emerging biotech companies. "The biotech funding uptick is key", said Alexay. "After a prolonged venture capital drought, the last few years have seen a dramatic turnaround. We're seeing more promising compounds in clinical testing and drugs approvals. This is good news for everyone and represents a fantastic opportunity for CMO's to capitalize, too".
Alexay concluded "North America should have the biggest pharmaceutical ingredients show. It is my hope that this initiative will enable people to make fewer business trips because they get more business done at ours!"
Media Contact: mark alexay, Apaporis LLC, 201 452 4023, malexay@chemoutsourcing.com
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