Players in the biotech and pharmaceutical industries have been largely concentrating on research and development operations over the past ten years to establish a competitive edge due to increased competition. Outsourced Drug Discovery has become increasingly popular as a result of the economic climate's acceleration of internal and external innovations in the pharmaceutical industry, together with the fast-paced technology improvements that have accompanied them. Most external discoveries take place in a variety of settings, including as research labs, university labs, contract research companies, and startups funded by venture capital.
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