GLAXO
SIGNS OUTSOURCING DEAL WITH INDIAN FIRM
Indo-Asian News Service (2 April 2007)
GlaxoSmithKline
(GSK), Britain's largest drug company, has signed an outsourcing
deal with India's Tata Consulting Services to establish a drug development
support facility in Mumbai. The arrangement will create nearly 100
new jobs on an existing site and reports say that the deal is understood
to be worth more than £10 million. A company statement said
that under the terms of the deal, TCS will support GSK's global
clinical research and development programme by providing outsourced
data management and medical trial reporting services.
GSK
already has sizeable research operations in Mumbai and Bangalore
and employs 2,400 people in India, where it controls 5.9 per cent
of the pharmaceuticals market, The Times said. Amber Salzman, senior
vice-president of development operations at GSK, said in a statement
that the company had picked TCS as a partner because of its strong
record in knowledge process outsourcing and operational excellence.
Like
many global companies GSK has been seeking to tap into India's pool
of high-quality IT and scientific talent and is aiming to trim costs
through outsourcing.
GSK
is also involved in research collaboration with India's Ranbaxy
Laboratories, to jointly develop drugs in areas such as urology,
diabetes and asthma. Earlier this year, GSK announced that pre-tax
profits rose 16 per cent in 2006 to £ 7.8 billion on the previous
year, on turnover of £ 23.2 billion.
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