How Pharma Companies Can Maximize Profitability

To Maximize Profitability, Pharmaceutical Companies must

• Accelerate new drug development, introduction, and commercialization

• Supplement the pipeline through partnerships and licensing agreements

• Allocate R&D resources effectively by improving the ability to eliminate poor candidate compounds early

• Collaborate efficiently with partners to accelerate innovation, reduce product and process costs, and mitigate noncompliance risks

• Reduce the pain and cost of achieving regulatory compliance

• Manage effectively the change to products, packaging components, and processes

• Outsource without losing visibility and control of costs and risks across product lines and partners

• Cut direct material and operating costs

• Minimize the cost of managing product variations and extension

(Abstract from the source : “Product Lifecycle Management in the Pharmaceutical Industry” │ An Oracle White Paper – Updated January 2008 │Copyright © 2003, 2008, Oracle Corporation and/or its affiliate │Oracle Corporation, California – www.oracle.com │ Image source: ‘Maximizing Value in a Reimbursement Sensitive Market ’ by Dr. Robert C. Keefer)