I currently work for an agency where I have a full time position. I getting contact position offers from pharma companies with possible extension. Could someone please advise on what you would do?

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In this climate, I personally will not leave a full time position for a contract one. If you have valid reasons other than salary for leaving, then by all means go. Otherwise, I don’t care what is possible after your contract ends unless you can afford to potentially be unemployed for a year since there will be no severance in case they decide not to extend. It is possible they would extend your contract, convert you to FTE, or not renew at all.

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