Forming international partnerships is becoming an increasingly common trend among companies that want to fully optimize their access to global markets (as is using life sciences translation services to make everything run smoothly). More and more life science companies are looking for partners that can bring together technological expertise, information assets and resources to help them optimize their operations and enhance their entrance into global markets. Multinational pharmaceuticals often enter emerging markets by acquiring domestic generics and manufacturing companies in order to facilitate cost savings, accounting for 50% of all mergers and acquisitions between 2008 and 2010. Read on to learn more.
Companies Scurry for Life Sciences Translation Services as They Build Partnerships Across Continents
A recent example of this is IMS Health’s acquisition of the Indian company PharmARC – a partnership that will . IMS Health is a leading international provider of information, services and technology for the healthcare industry which has its headquarters in the US. They’ll be using plenty of life science translation services now that they’ve acquired PharmARC, a leading provider of analytic solutions for the commercialization of drugs and medical products and is based in Bangalore, India. Their partnership will increase both companies’ capabilities and scope, as well as help IMS Health meet the growing demand for outsourced services.
By merging with a major Australian company, Watson Pharmaceuticals’ recent acquisition of Ascent PharmaHealth will help position it as a leading pharmaceutical company in Australia and Southeast Asia. Through this acquisition Watson, a leading US generics company, will increase market distribution (and use life science translation services) in Ascent’s established generics and OTC markets which include Australia, Singapore, Malaysia, Hong Kong, Vietnam, and Thailand.
This trend has increased the need to improve international and intercontinental communication, along with translation and interpreting requirements. Not only must communication be clear during business negotiations, but the continued success of these partnerships depends on continued effective communication, both spoken and written. Moreover, due to the delicate nature of dealing with healthcare products and information, companies must take care at all stages to ensure that language and cultural barriers do not interfere.
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Language Connections is one of the top language service companies in the US. Over the last 30 years, we’ve focused on providing the best business translation services, interpreting services, as well as interpreter training and customized language training programs. In addition to top-tier corporate language training, we offer certified corporate interpreters and professional business translation services in 200+ languages. Our network includes linguists with backgrounds in all major industries. They’re ready to meet your needs, whether they’re for technical translation services, legal translation, government translation services, international development translation services, education translation services, life sciences translation, or something else. Reach out to us today for a free quote on our cost-efficient and timely translation services, interpreters, or other linguistic services.
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