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Accutest Research Laboratories Pushes Into Latin America
October 7, 2015
By: Tim Wright
Editor-in-Chief, Contract Pharma
Market surveys clearly indicate that Brazil is one of the fastest growing pharmaceutical markets globally, with its huge population of more than 200 million, an investment friendly environment, an effective patent protection regime and a relatively low incidence of spurious drugs. The pharmaceutical market of Latin America’s largest economy is projected to reach sales of up to $46 billion by 2018, growing at a CAGR of 12%. By establishing offices and operations in Brazil, contract research organization (CRO) Accutest is helping to shape the potential of the Latin American CRO market. The global CRO performs clinical and BA/BE studies for submissions in all key regulated markets. Of its strong regulatory track record of 80+ accreditations/approvals from global regulatory agencies, 12 are from ANVISA, the regulatory body that oversees the registration, production and sale of drugs in Brazil. Speaking on the expansion, founder and chief executive officer Satish Sawant said, “Opening offices in emerging countries to support drug development is a key element of our expansion strategy. We have identified seven emerging countries to develop operational capabilities, and by opening offices in Brazil, Malaysia and Taiwan we have completed our current expansion phase.” According to Dr. Sawant, superior quality, adherence to timelines and competitive costs are the three pillars of a successful CRO. During a preceding expansion phase, Accutest opened offices in the U.S. and in the Netherlands. By adding emerging countries, especially in Latin America and in Asia, Accutest will gain additional benefits. Contract Pharma had the chance to discuss the move into Brazil and other broader trends with Andreas Amrein, president of Accutest International. —TW
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