Life Sciences Industry

Trends

The Life Sciences industry, comprised of Pharmaceuticals, Medical Devices, and BioTech firms, faces enormous challenges as it innovates to combat disease and improve well-being in a tough business climate. The regulatory and compliance requirements add further complexity to the industry. Some of the key challenges faced by the industry include:

Business Challenges

• Rising costs of drug development
• Expiration of blockbuster patents and increased threat from generics
• Reducing cycle time to bring new products to market

Clinical Challenges

• Clinic automation efforts battling systemic inefficiencies
• Continual demand for higher quality at reduced cost.
• Clinical capacity labor shortages

Technological Challenges

• Stringent and constantly changing regulatory compliance needs (e.g. FDA21 CFR 11, HIPAA), further increasing IT cost of ownership
• Integrating scientific and operational data
• Disparate legacy systems and outdated infrastructure inhibiting business agility

 Netwoven Life Sciences Solutions

Netwoven offers solutions to the Life Sciences firms that help them meet their complex business requirements and intense regulatory needs. We bring a deep expertise of the business processes unique to this industry. Our global delivery model provides flexibility and cost savings to our clients implementing our solutions in each of our three practice areas -- Enterprise Content Management, Business Process Management and Business Intelligence. Some of the examples in each of the practices include:

Enterprise Content Management / Document Management

• Provide complete lifecycle management for corporate records in paper or electronic format
• Improve productivity
• Minimize risk
• Ensure immediate availability of new information

 Enterprise Content Management / Portal & Collaboration

• Integrate records management and collaboration mechanisms to improve R&D effectiveness
• Create a shared system for brand collaterals and intellectual property to significantly increase collaboration  and reduce development and distribution costs among business units, marketing, and external agencies for brand launch and management
• Create internal portal for sales related materials to improve sales effectiveness and improve sales force productivity.

Business Process Management

• Enable good practices regulations (GxP) covering processes across the entire value chain – from laboratory and clinic to manufacturing and distribution  (e.g. GLP Good Laboratory Practices, GMP Good Manufacturing Practices)
• Manage quality workflows across Corrective and Preventive Action (CAPA’s) mutliple phases  
• eForms automation with electronic signature capabilities

Business Intelligence

• Dashboard enterprise wide data to alert for risks and signal profit opportunities.
• Integrate and analyze operational and scientific data to improve  product effectiveness
• Convert biomedical data into clinical insights