Some pharmaceutical companies have in-house R&D. But many pharmaceutical companies have outsourced R&D to third parties to control costs. This has resulted in many collaborations and partnerships. The challenge is smooth information flow from one entity to another.
There is need to reach to release the product as soon as possible. An efficient supply chain will ensure that response to customer’s demand is faster. If the complete process is streamlined, it will result directly in low inventory.
The government regulations are becoming more and stiffer. There is strict screening process for quality and effectiveness.
By their very nature, medical equipment’s take long time to develop. There is need to shorten their development cycle and bring it to market as soon as possible.
Vestrics Solutions provide a whole array of solutions for the pharmaceutical and life sciences industry. We provide a solution that lets a clear and transparent flow of information. We integrate system software’s with different entities so that vital information becomes accessible to the decision-makers.