By: Ellyn McMullin, Research Associate and Daniel R. Matlis, President
The Key to Bio-Pharma Transformation?
As Pharmaceutical / Biotech (Bio-Pharma) companies look for opportunities to accelerate innovation, continuous improvement is a strategic imperative. To fast-track innovation, companies need to be open to new ideas and have awareness of new and emerging systems and technologies.
While most Bio-Pharma companies have complex stage-gate product development and change management and investigation processes, they lack the ability to connect decision loops across the total product lifecycle. Or stated another way: They lack a harmonized, integrated and closed loop approach to product lifecycle management (PLM). As a result, they are often unable to easily manage and respond to post-approval issues resulting from product, supplier or process changes as well as customer inquiries, adverse events and regulatory findings. Consequently, there is an inconsistent utilization of post-approval change management processes to improve products and processes.
The lack of a comprehensive product lifecycle management system – that is inclusive of both product and process and all related resources including upstream research & development intelligence – has hindered innovation and continuous improvement in Bio-Pharma. The transformation from disconnected data islands to integrated, holistic solutions requires the elimination of cultural, behavioral and technical barriers between functional areas.
As Bio-Pharma companies look for opportunities to accelerate innovation cycles to support continuous improvement, a fully integrated Product Lifecycle Management platform that enables innovation through digital continuity could be the key to Bio-Pharma transformation.
Is innovation through Digital Continuity the key to Bio-Pharma transformation?
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