The pharmaceutical research and development (R&D) landscape faces several challenges that inhibit the efficient and cost-effective delivery of innovative treatments to patients. These challenges include:
- High R&D costs and low productivity due to stringent regulations, complex and lengthy trials, and long drawn investments in operations and technology.
- Long Time to Market due to extended duration of research and trials
- Balancing innovation with stringent regulatory hurdles to ensure patient safety
- Deriving insights for decision-making from the deluge of data from various sources (genomics, proteomics, RWD/RWE)
- Complexity of trials, patient recruitment and retention
- Multidisciplinary talent acquisition and collaboration
It is imperative for Pharma / CRO to adopt innovative solutions, technological advancements, and collaborative efforts to accelerate the development and delivery of life-saving treatments.
Coforge, with its breadth and depth of technical capabilities and domain knowledge, can help Pharma, Biotech & Clinical Research Organizations:
- Implement innovative solutions for digital and adaptive trial protocol design, decentralized/virtual trials management, etc.
- Implementing robust data management systems, advanced analytics and interoperable platforms to extract meaningful insights for improved decision-making.
- Leveraging cognitive and generative AI for streamlining and expediting R&D and trials operations including synthetic arms for trials, patient recruitment, patient engagement, customized treatment regimens etc.
- Building Regulatory technology landscape to cover regulatory submissions, intelligence, documentation, artwork management, approvals and other workflows
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