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European Pharmaceutical Contractor
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Across every industry, managers and workers are finding themselves continually wading through what is rapidly becoming a mountain of information. The Internet, regulation and computerisation have all played a part.
The laboratory has felt the growth in data particularly acutely. As the pharmaceutical and biotechnology industries strive to bring a greater number of drugs to market more quickly, labs are under pressure to screen a much wider range of prospective drug candidates. Whilst information systems (IS) make it easier to manage the volume of data spawned as a result of regulatory and competitive pressures, it also makes copious amounts of data available in volumes that many labs find difficult to manage.
The Origins of the Data Mountain: Competition and the Need for Speed
Companies are endeavouring to reduce time to market for new products and develop a greater number of new drugs per year. Typically, the business needs innovative new products to win market share, and it needs them more quickly than the competition. Consequently, the lab finds itself under pressure to develop procedures that facilitate screening an increasing number of prospective drug candidates at the beginning of a new product development cycle.
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