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The Formulation Development market within the context of Pharmaceutical Manufacturing is a specialized sector of the industry that focuses on the development of drug formulations. This includes the process of creating a drug product that is suitable for its intended use, such as a tablet, capsule, or injectable. This process involves the selection of the active pharmaceutical ingredient, the selection of excipients, the design of the formulation, and the optimization of the manufacturing process. The goal of this process is to create a safe and effective drug product that meets the requirements of regulatory agencies.
Formulation Development is a critical step in the drug development process, as it ensures that the drug product is safe and effective. It is also important for the successful commercialization of a drug product. Companies in this market include Pfizer, Merck, Novartis, GlaxoSmithKline, and AstraZeneca. Show Less Read more