The pharmaceutical industry is facing: • Rising research and development (R&D) costs: Developing new drugs is an expensive and time-consuming process – often into billions of dollars with a low success rate. This puts pressure on pharmaceutical companies to generate sufficient revenue. • Patent expirations: Once a drug’s patent expires, generic versions can enter the market – leading to a significant loss of revenue for the original manufacturer. • Regulatory hurdles: Obtaining regulatory approval for new drugs is rigorous and can be lengthy, with strict requirements for demonstrating safety and efficacy. • Pricing and access issues: There’s ongoing debate and scrutiny around drug pricing, with persisting concerns about affordability. Pharmaceutical companies must balance profitability with fair and equitable access. Each of these challenges has a degree of financial impact – making it even more important to manage recruitment efforts in a cost-efficient way. By partnering with Cielo, the world’s leading talent acquisition partner, you’ll be able to quickly get the talent you need to run your organization and continue creating progress in the industry.