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Life Sciences
The landscape of the life sciences industry has changed dramatically over the past decade amidst a slowdown of drugs sales, a rising cost base, the growth of generics and a climate of increasingly stricter regulations. Business models need to evolve to respond to increasing challenges for shorter R&D cycles, intensified competition, customer demands, and financial constraints.
The rate of change is significant and the impact applies to people, processes and technology. To realize successes in this new landscape, life science companies need to predict the future, enable their business community, and strategically lead through innovative change that will drive results.
Ideaca helps Life Science companies address these challenges with solutions that are suited to their specific business. Ideaca has extensive experience in the Life Science Industry, delivering solutions that leverage existing investments and increase business agility.
Key challenges Addressed in the Life Sciences Industry:
- Legacy information systems that do not support new business practices
- Poor collaboration across departments to realize productivity gains
- Provide seamless access to real time information throughout the product lifecycle including complex manufacturing process
- Inability to forecast profitability in the face of changing market conditions
- Meeting compliance and audit requirements related to GxP, 21 CFR Part 11, and Sarbanes-Oxley
- Inability to determine the effectiveness of marketing campaigns
- Difficulty in marketing to potential patients, not just existing prescribers
- Lack real-time customer, prescriber, and market information for Sales teams
- Make commercialization more efficient, get closer to patient/physician/regulator
- Access to external sales and product information and capitalize with a goal to reduce time to market
- Filter vast amounts of information and identify the most relevant data