Source BioScience

Source BioScience Overview

Company Headquarters: Nottingham, Nottinghamshire, UK

Founded: 1903

Workforce: 230

Company Working: Source BioScience is a healthcare and biotechnology company that operates businesses in three sectors, namely, healthcare, pharma biotech services, and life science research. The company is engaged in providing diagnostic and screening services to the healthcare sector as well as genetic analyses and biomolecular tools and products to the life science research and pharma biotech sectors. The services offered by Source BioScience in the health care sector comprises screening and reference laboratory diagnostic testing services for cancer and other diseases; whereas for pharma-biotech it offers a range of services from clinical trials, tissue pathology, immunohistochemistry, sophisticated image analysis, biomarker determination, and assay development to pharmacogenomics including genotyping and gene expression analysis.

Strategy

Source BioScience plans to refine its organizational structure to increase business scaling efficiencies. It also focuses on providing services that would generate high-quality and timely data in support of new drug approval.

Company Snapshot

230

Employees

1903

Founded

Nottingham, Nottinghamshire, UK

Headquarters

SWOT Analysis

Strengths

Strong research and development capabilities
Quality assured, confidential, and cost effective services
Fast and on time delivery of results

Weaknesses

Financial planning is not done properly and efficiently. The current asset and liquid asset ratios suggest that the company can use the cash more efficiently

Opportunities

Broaden portfolio of diagnostic tests targeted at the diagnosis and treatment of cancer
The Life Science Research division presents significant opportunities for growth especially within the expanding market for next generation gene sequencing and genotyping services

Threats

High competition
Rapid technological changes
Changing regulatory environment

Product Offering

Source BioScience
- Pharmaceutical Analytical Testing Outsourcing

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