Glossary

CMO Management

CMO Management

Definition

A contract manufacturing organization (CMO) is a company that provides manufacturing services to other businesses in the pharmaceutical, biotechnology, or medical device industries on a contract basis. These CMO industry services can include manufacturing drugs, assembling products, and performing research and development activities. Using a CMO can help companies reduce capital expenditures, scale production more flexibly, access specialized expertise, and accelerate time to market for their products. Contract manufacturers also enable companies to focus on their core competencies, such as research and development or marketing. 

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