Lifescience companies such as Pharmaceuticals, Medical Device, CROs and the like are under mounting pressures to increase revenue while at the same time being faced with a host of additional restrictions and regulations.

Change is needed to help Lifesciences companies stay competitive in an increasingly complex business world. Implementing new technologies and processes can dramatically reduce the time it takes to bring a drug to market. The automation of many of the routine or manual tasks can eliminate common oversights or errors. The results of this being that new life saving treatments reach the patients faster and have a greater level of efficacy.

New systems and processes can provide benefits in a number of ways, including:

• Through the use of ECM solutions Pharmaceutical and Medical Device companies can streamline and automate the submission of clinical trial results to the FDA and foreign regulatory bodies. By utilizing new standards such as eCTD the time it takes to prepare and deliver initial submissions and updates is greatly reduced.


• On average, the cost to bring a new drug to market is well over One Billion USD. Once approved, the time that a sponsor has to recoup its investment and show a profit on the drug is limited. For every day that a Clinical Trial is delayed the result is the loss of potential revenue. By implementing systems for document tracking, enrollment assistance, patient management and other key functions; the time it takes to gather and analyze the data can be greatly reduced. This produces substantially reduced overall trial time.


• The challenges with a drug or device do not end with its approval. New expenditure limitations are being implemented on a State by State basis and at the same time individual physician privacy is restricting what a salesperson can learn about a doctor. Implementing a CRM system designed specifically for these industries can help a sales force work more effectively and within regulations.

Consortio has the knowledge and experience to successfully address our clients needs and to innovate and improve the effectiveness of their operations at all levels. Consortio Professional services members understand the technical and regulatory challnges that must be overcome in the Lifesciences industry.