Life Sciences
The life sciences industry involves the development, testing, manufacture and distribution of pharmaceuticals and regulated medical devices. Outsourcers assist pharmaceutical companies with the opportunities and challenges of their rapidly evolving market. Such challenges include:
- Mergers, Acquisitions and Consolidation in the sector
- Data Integration
- Time to Market
- Safety
- Globalization and
- Regulations.
Some service providers develop proprietary solutions in software and business process that are designed for compliance with specific regulations. Such solutions may include, for example:
- Prescriber Behavior Analysis and Insight
- Longitudinal Prescription Data Management Systems
- Sales Force Compensation Systems
- Sales Data
- Claims Data Management Systems
- Clinical Trial Solutions
- Assessment of compliance with specific regulations (e.g., USA: 21 CFR 11) and Computer Systems Validation
- Data Mining and Business Intelligence Solutions
- e-Business and Data Portals
- ERP implementation, upgrade, and maintenance services.
Each of these functions requires that the service provider have substantial substantive knowledge of the industry, its regulatory framework and the commercial and regulatory environments of their customers.