http://www.allbusiness.com/services/business-services/4317399-1.html

It´s a company Based in the San Francisco Bay Area, Pharmatech Associates, Inc. is a full-service consultancy dedicated to serving the regulated life-sciences market, providing tailored project management, validation services and quality process optimization solutions.  It works with biotechnology industry, and product development (medicines/test for drugs etc).

   They use it in separate ways, in academical circles.   But it´s a trend to use the words joined into one when it comes to business talking everywhere; it´s seems like business lingo, tough.   Outside of that, it´s not used.

http://forum.jntuworld.com/showthread.php?17427-Fee-hike-likely-for-pharma-tech-MBA
Fee hike likely for pharma, tech, MBA
The fee for engineering, pharmacy, MBA, MCA and M.Tech courses is likely to go up by 10 per cent in the academic year 2011-12.