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Consider an Pharmaceuticals Company ABC Pharmaceuticals Inc. |
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ABC Pharmaceuticals Inc. is a growing manufacturer in the health care segment
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The development of new drugs is a lengthy procedure involving pre-clinical, clinical and live trials. Stringent documentation procedures need to be followed in the product development
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Costs of new drug development are very high with a large number of clinical trial failures and there is a pressing need for cost reduction
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Since the faster the company launches the drug into the market, the revenues earned on premium prices are more, faster production lifecycles are required
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Drug discovery solutions including Dry & Wet Lab techniques, Combinatorial Chemistry Methods, Compound Structure modeling need to be pursued
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Increased emphasis on quicker and leaner
lifecycles
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Constant development of new products
involves the design and engineering teams
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Due to high incidences of drug duplication, patents need to be protected
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A huge database involving compounds, patient records, trial specifications and results needs to be maintained and updated over long periods of time
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