The philosophy of the awards
Life Science Leader’s readership of pharmaceutical and biopharmaceutical executives have told us about their struggles in efficiently vetting potential CMO partners. In response to this input, Life Science Leader developed the CMO Leadership Awards based on the industry leading research conducted by Nice Insight. The awards incorporate the common filters used by pharma companies to vet CMOs with the added filter of peer feedback. This will help pharma companies focus on potential CMO partners who can handle their projects and are considered reputable in the industry.
The CMO Leadership Awards are based on industry research conducted by Nice Insight. Nice Insight offers intelligence reports to give clients a clear understanding of how their industry perceives their business, and a much more informed basis for strategic decision‐making. Nice Insight combines surveying of thousands of industry executives with other key analyses to serve both partnering groups and facilitate better overall outsourcing collaborations.
Unlike other industry awards which are given based on a subjective voting or nomination process, the only votes that count towards the CMO Leadership Awards are those of the pharmaceutical and biopharmaceutical companies using CMO services.
What are the awards?
In an attempt to keep like‐companies in competing categories, therefore making it easier for pharma companies in the vetting process, the awards are given to CMO companies. Companies achieving top 25 percentile perception scores in the areas of Quality, Innovation, Productivity, Regulatory, and Reliability will be recognized for their achievement. These categories were defined for the research participants as follows:
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1. Quality – Business will treat the project as if it was their own |
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2. Reliability – Business will meet all project milestones and timelines |
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3. Innovation – Business will enhance in-house capabilities through a new idea, method, or device |
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4. Productivity – Business will deliver on agreed objectives |
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5. Regulatory – Business is reputable and compliant |
The award recipient pool was selected from over 200 CMOs world ‐wide included in the Nice Insight research.