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| home > pmps > autumn 2002 > prescription for success - the benefits of wireless warehousing |
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 PUBLICATIONS |
Pharmaceutical Manufacturing and Packing Sourcer
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Pharmaceutical companies face a difficult balancing act. They must respond to industry pressures to reduce cost, whilst increasing profit, growing the business and continuing to develop cost-effective, safe products. At the same time they must make sure that they exploit current opportunities for growth presented by ageing populations and the development of new blockbuster lifestyle drugs, such as Viagra.
Faced with these objectives, it is clear that pharmaceutical companies have to find ways to work more efficiently and address any area of their businesses where costs can be stripped out - particularly as it costs US$500 million on average and takes between 10 and 12 years to develop a new drug. Even then, only one in three actually yields return on investment (ROI).
Many pharmaceutical companies are seeking to bring about some of these efficiency gains by redesigning their supply chain and back office systems, many of which rely on paper-based batch processing methods. With many similar drugs for human consumption - all with varying potencies, sell-by dates and formats - delivering the exact drugs to customers' orders, on time and to the right place is a complex business. To achieve this, new technology that provides up-to-date, real-time information is needed.
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Industry Events |
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4th Annual Patient Recruitment and Retention in Clinical Trials
13-15 October 2008, Amsterdam
Patient recruitment
is now consuming thirty percent of clinical trial time - more time than any
other clinical trial activity - and almost half of all trial delays result from
patient recruitment problems.
As the
recruiting culture becomes more sophisticated and the forces affecting patient
enrollment grow more numerous and complex, pharmaceutical companies are
striving to discover new strategies to facilitate enrollment in clinical
trials.
With
increasing industry pressure to develop, test and market greater numbers of new
drugs faster, pharmaceutical companies need to perform clinical trials as
quickly as possible. Inefficient patient recruitment processes is a formidable
barrier to pharmaceutical companies' success in launching new products.
Improving the patient recruitment process is imperative to avoid wasted
investments and eliminate costly delays in bringing new drugs to market --
today and even more so in the not-so-distant future. Improved patient
recruitment presents one of the largest opportunities for pharmaceutical
companies to eliminate delays in clinical trials, thereby making it possible to
reduce time to market. With patent time limits and large overheads
meaning that any delays in the development timeline can be disastrous, a good
understanding of how to successfully recruit patients for trials is vital for
any company looking to succeed.
More info >> |
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News and Press Releases |
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MipTec, October 14 – 16, 2008, Switzerland
MipTec about to take off by joining forces between Life Sciences Week, ALL-SystemsX.ch-Day, & Jobvector.com
More info >> |
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