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BNE Burcon Nutrascience Corp

0.055
0.0032 (6.18%)
27 Dec 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type
Burcon Nutrascience Corp TG:BNE Tradegate Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.0032 6.18% 0.055 0.0522 0.0576 0.0538 0.0514 0.0514 5,050 22:50:01

Bowne Global Solutions and Capgemini Report Reveals Life Sciences Companies 'Drastically Increasing' Need for Translation Servic

04/05/2004 11:00pm

PR Newswire (US)


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Bowne Global Solutions and Capgemini Report Reveals Life Sciences Companies 'Drastically Increasing' Need for Translation Services Foreign market growth drives demand for translation; Most companies attempting to handle in-house NEW YORK, May 4 /PRNewswire/ -- Ninety percent of life sciences companies believe their need for translation services will increase during the next five years, and 23% of those companies expect their need to increase drastically, according to a new report produced by Capgemini, one of the world's largest providers of consulting, technology and outsourcing services. This report was produced on behalf of Bowne Global Solutions (BGS), a leading provider of translation, localization, technical publication and interpretation services, to determine global expansion trends in the life sciences sector. It is based upon interviews with executives at pharmaceutical and medical device companies. Among survey respondents, 80% indicated that international markets comprise at least 25% of their total company revenue. This statistic reflects the foreign market growth that has exploded in recent years, driving demand for translation and localization service companies. However, despite the existence of translation firms, 77% of life sciences companies prefer to handle translation duties in-house, citing a desire to retain control of the process. "The desire to retain control of the translation process is understandable, yet pharmaceutical and medical device companies have a responsibility to physicians and patients to ensure that prescribing information, product directions and marketing materials are correct. This requires meticulous translation and a working knowledge of the specific language, country and culture in which the product is launched," said Jim Fagan, President and CEO of BGS. The survey also found that a majority of respondents feel that translation is most critical for regulatory processes (approximately 65%) and marketing support and training (approximately 40%). BGS/Capgemini Report 2-2-2 "The survey findings give us a look at the emerging trends and needs of this important sector," said Ellen Hives, Vice President with Capgemini. "While many companies are now trying to address their translation needs in house, it's not their core competency. Many are quickly realizing that it's more efficient and effective to use experienced language services firms that can provide quality, multilingual translations in-country anywhere in the world using proven project management and production processes and technologies. BGS, one of the most skilled and experienced firms in this space, is already helping pharmaceutical and medical device manufacturers navigate complicated regulatory processes that have hindered time-to-market." About the Capgemini Group Capgemini, one of the world's foremost providers of Consulting, Technology and Outsourcing services, has a unique way of working with its clients, which it calls the Collaborative Business Experience. Through commitment to mutual success and the achievement of tangible value, the company helps businesses implement growth strategies, leverage technology, and thrive through the power of collaboration. Capgemini employs approximately 48,000 people worldwide (55,000 including Transiciel) and reported 2003 global revenues of 5.754 billion euros. More information about individual service lines, offices and research is available at http://www.capgemini.com/. Bowne Global Solutions Bowne Global Solutions (BGS) is one of the world's leading providers of multilingual solutions for Products & Documents, Marketing & Communications, Regulatory Compliance, Training & e-Learning, and Globalization Strategy. With employees in 24 countries, BGS is ideally positioned to help companies adapt their products and communications to reflect the unique linguistic and cultural characteristics of their target markets worldwide. Supported by proven project management methods and innovative technologies, including the Elcano(TM) translation portal, clients have come to rely on the BGS team for all of their translation, localization, technical writing and interpretation needs. For more information visit http://www.bowneglobal.com/. Bowne Global Solutions is a business unit of Bowne & Co., Inc. (NYSE: BNE), a global leader in providing high-value solutions that empower our clients' communications. In addition to BGS, Bowne & Co.'s diversified business units include Bowne Financial Print, the world's largest financial printer; Bowne Enterprise Solutions, a leading provider of digital printing and electronic delivery of personalized communications; and Bowne Business Solutions, the leader in delivering a full array of business process outsourcing services to the legal and financial services industries. For more information visit http://www.bowne.com/. DATASOURCE: Bowne Global Solutions; Capgemini Group CONTACT: Pam McKinlay, Director of Marketing Communications of Bowne, +1-917-339-4878, ; or John Patterson, Director of Americas Public Relations of Capgemini, +1-917-934-8735, Web site: http://www.bowneglobal.com/ http://www.capgemini.com/

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