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As per the report by Fortune Business Insights, the global biopharmaceutical CMO market size is projected to reach USD 26.49 billion in 2028, at a CAGR of.
Consolidations are done for many reasons including, cost reduction, wider distribution, etc. However, this merger really does take two strong companies that are leaders in their respective fields and brings them together to feed off their synergies and prepare and build for those market and production shifts