Competition for CRO's is rising everywhere and is has taken totally different turn in the recession phase. A Recent example of this is the takeover of healthcare life sciences IT company , Phase Forward by Oracle for US $ 685 million deal.
This will give new look to the existing data management outsourcing market. Will this market be able to take up the projections of the highly competitive IT outsourcing market or continue to occupy a unique space with CRO's or remain with the highly specialist technology providers?
Growth arrest or growth boom, only time will tell!
This is one the most important examples of a Unique M& A take over which may influence the growth of the Pharma Data management outsourced to Asian countries