Main5 expert panel: Launch medications faster and at lower cost despite stricter formalities
Main5 expert panel: Launch medications faster and at lower cost despite stricter formalities
Frankfurt/Vienna, January 24, 2019 – The pharma industry is still facing increasing pressure. The age of blockbuster medication is over, while regulatory stipulations are becoming stricter. The annual conference of the DIA (Drug Information Association) is being held in Vienna from February 5 to February 7. The Main5 pharma expert panel (Stand B31) is focusing on processes and systems in research and development: “The market for pharmaceutical products is demanding faster development cycles at lower cost under increasingly strict international regulatory stipulations. As a result, the entire industry continues facing pressure to demonstrate productive and result-oriented work based on lower fixed costs,” says Tore Bergsteiner, Partner of the consultancy firm Main5 which specializes in pharma companies.
Always aspiring for process excellence
Effectiveness, above all in research and development, is increasingly under the microscope according to the team at Main5. “Value creation and a culture of performance in the R&D sector is being continually updated in a lot of businesses in order to guarantee that pharma companies are future-ready,” says Tore Bergsteiner. However, successful research is not enough for overall success: By aspiring for “process excellence”, and looking to optimize and modify existing structures, it is possible to create new impulses and energies that have not yet been utilized. “It’s getting tight in the pharma industry thanks to digitalization and other innovations in healthcare. New job profiles are appearing, such as Data Scientists. Anyone who is not currently adapting their internal structures and ways of thinking will miss the exit before they know it,” warns Dr. Adam Sobanski, Partner at Main5.
Therapy for people is the goal
The growth in regulatory requirements across all sectors is ensuring that intellectual riches are being represented in databases and documents. A focus on systems and processes for regulated data and document management in clinical development, approvals and more, is consistently contributing to compliance, efficiency and productivity. “In fact, an integrated data and document management system that will generate long-term value is already deciding on the success or failure of new innovative developments in therapy. With solutions such as lab data management, clinical data management, and holistic document management, companies will enjoy significant benefits long-term,” explains Bergsteiner.
New technologies on the road to success
There are plenty of opportunities for the pharma industry to make day-to-day business more efficient within the high-speed world of artificial intelligence development: The countless possibilities for digitalization range from more efficient lab work to the development and approval of effective therapies. Mental work automated using artificial intelligence is already speeding up and improving research, development and approval work. Main5 works as an adviser to leading technology providers with proven success.
Main5 (www.main5.de) was established in 2013 as a Management Consulting firm and focuses on strategy, process and solution consulting with international life science companies in the regulated R&D and Regulatory Affairs and Quality Management sectors. The consultants at Main5 combine their methodical and systematic approach with years of experience in the industry. The holistic approach, which places the primary focus of the route to the digital future on people, is also used to implement complex ideas from leading industry customers.
Further information: MAIN5 GmbH & Co. KGaA, Administrative Headquarters: Schumannstr. 27, 60325 Frankfurt am Main, Germany Tel.: +49 (0) 69 505 027 228, email: presse@main5.de, Web: www.main5.de
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