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Improving Efficiency and Reducing Costs - What Part Do Information Systems Play?

The pharmaceutical industry isn't alone in feeling the pressure that companies across almost all markets face to drive down costs, increase profit and grow market share. But these demands are compounded by forces peculiar to pharmaceutical production. These include evolving regulatory requirements, the explosion of competition caused by the dissolution of patent protections and the relationship between drugs and peoples' health. This is a high-cost and high-risk industry. On average it costs $500 million and takes 10 to 12 years to develop a new drug, although only one in three actually yields return on investment (ROI).

Faced with such pressures, it has become imperative for pharmaceutical companies to look at ways to streamline processes and increase efficiency. This starts at the drug development process and runs right through to the manufacture and dispatch of products. Efficiency is crucial to the successful, profitable production of expanding product lines.


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By Geoff Parker, Commercial Director at Scimcon
Geoff Parker is Commercial Director at scientific information management consultancy Scimcon, where he is responsible for global sales and customer support. Geoff has a particular focus on data management strategy consultancy, and also enjoys a hands-on role advising clients on their information system requirements and system selection.

Before joining Scimcon in June 2000, Geoff spent two years with laboratory information system provider Thermo LabSystems. Prior to working in the lab information systems field, Geoff had a background in chemistry working as a Technical Chemist for a detergent company, after which he spent five years working for a major technology supplier.

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Geoff Parker
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