Life science companies take significant steps to advance their business processes and drive greater efficiency in drug development and commercial operations. This industry will receive transformation initiatives at a faster pace, across various functional areas, including commercial, clinical, regulatory and quality. In product development, companies are focused on streamlining end-to-end processes to speed up time to market and maintain compliance. For commercial teams, smarter engagement with customers remains a key focus as they launch more specialized products.
Here is what to expect for life sciences companies in the coming:
Regulatory and quality teams will be closer together.
When companies grow globally, change management and variation management become more difficult. For example, the top 20 pharmaceutical companies can evaluate more than 40,000 change requests in just one year, but approve only about 15,000 changes to be implemented across their global organizations. regulation will start automating the variation management process and start exchanging information with quality teams to eliminate information gaps. This will make it easier to identify influential product licenses, determine the required variation filing, and develop a global submission strategy.
The company will use the first cloud-quality strategy.
Continuous outsourcing for critical manufacturing and high cost functions in quality issues has led the company to improve quality management. The Company recognizes the value of the process of streamlining the entire global website, suppliers, contract manufacturers, and other partners and initiates their move to the cloud. potential implementation can introduce challenges for manufacturers, increasing pressure to modernize quality systems and processes. As a result, organizations will capitalize on cloud technology to improve their higher efficiency and visibility in the quality process.
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