Pharmaceutical Sector

The pharmaceutical industry is facing intense pressure from many directions.

• Patents are expiring on many profitable drugs, but it is taking longer to discover new drugs, get them approved by regulators and bring them successfully to market.

• Operating costs are being forced down, thanks to competition from generics, and moves by governments to cap prices and profits.

• Pharmaceutical companies themselves are in a constant state of flux – but many mergers have failed to deliver efficiency gains, while reducing agility and responsiveness.

• Efforts to comply with new regulation, such as Sarbanes-Oxley, are adding to costs.

Workstream helps clients in the pharmaceutical sector cope with these pressures by streamlining their operations through our leading-edge approach to automating processes. You can cut the time and effort it takes to handle paperwork – while automatically addressing risk by generating full and secure audit trails to satisfy regulators. All without the need for costly and lengthy IT projects – making you more agile and cost effective.

• improve the efficiency of clinical trials and applications for regulatory approval, by automating the collection, submission and processing of trials data

• quickly and cost effectively deploy solutions to new business units or joint ventures, and manage the information flow to and from partners, while maintaining effective audit trails

• create shared service centres, drawing on data from multiple legacy systems, to provide efficient centralised processing for merging businesses units and temporary joint ventures

• generate the audit trails needed to demonstrate compliance in all areas of the business