Pharmaceuticals: Streamline the product life cycle
Pharmaceutical companies face increased pressure surrounding drug pricing and reimbursement constraints. To stay competitive, they must continue to drive innovation in complex circumstances both internally and with their customers and patients.
An integrated and connected technology platform can help address these challenges. When systems, data, and processes are connected, pharma companies are better equipped to manage the essential steps of bringing a drug to market: clinical trials, supply chain, marketing, sales, and patient services. And in the pharmaceutical business, that not only means an increase in efficiency and cost savings for the company, but also an improvement in patient outcomes due to increased adherence and personalized support.
Decentralized clinical trials are associated with reduced trial timelines and can achieve net financial benefits of up to 14X