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Category: Real world data

Real-World Data discusses the use of data from real-world settings to improve patient care and inform healthcare strategies.

Outdated Accounting Practices Hold Back R&D Success

# Sabotaging R&D Value? Why Pharma Leaders Must Urge CFOs to Ditch Outdated Accounting Practices # A hallelujah moment for R&D leaders who (secretly) hate finance teams! In small and mid-cap life sciences companies, finance teams are stuck in legacy accounting practices that stifle innovation. Bloated Excel sheets, convoluted explanations, and feedback loops that feel more like interrogations leave R&D teams frustrated and distracted. These outdated processes don’t just waste time—they erode the value of R&D itself. It’s time for non-finance leaders to demand streamlined, transparent tools that support growth, not block it. As a result, the journey from lab to market hinges on the seamless integration of R&D with strategic financial oversight. Below, we explore why CFOs – and stakeholders – must rethink their approach, replacing outdated methods with more modern and integrated solutions to protect and amplify R&D success.

In small and mid-sized life sciences companies, outdated accounting methods in finance are causing more harm than meets the eye. Legacy systems—marked by complex Excel spreadsheets and lengthy feedback loops—are overwhelming R&D teams. These inefficient practices waste time and drain the value of R&D, leading to delays in innovation. It’s time for non-finance leaders to push for streamlined, transparent accounting tools that drive progress rather than hinder it. The path from lab to market depends on integrating R&D with modern, strategic financial oversight. CFOs and stakeholders must embrace up-to-date, integrated solutions to secure R&D success and company growth.

Shipping IMPs for Clinical Trials in Europe: Best Practices

Shipping Investigational Medicinal Products (IMPs) for clinical trials in Europe is a critical yet complex process. IMPs are unapproved drugs used in clinical trials or Early Access Programs (EAPs) for patients with unmet medical needs. Because IMPs are not approved by regulatory agencies like the FDA or EMA, shipping them across borders involves navigating a maze of customs regulations, value-added taxes (VAT), and specific local requirements. In this guide, we outline how biotechs and biopharmas can avoid common mistakes when shipping IMPs to Europe.

Shipping Investigational Medicinal Products (IMPs) for clinical trials in Europe is a critical yet complex process. IMPs, being unapproved drugs used in clinical trials or Early Access Programs (EAPs), require meticulous handling to navigate customs regulations, value-added taxes (VAT), and specific local requirements. Common mistakes in this process can lead to significant delays and increased costs. To avoid these pitfalls, it’s essential to understand and adhere to best practices, ensuring compliance and efficiency in the supply chain. For a comprehensive guide on these practices, refer to the full article.

Strategic Success Framework – The Rule of Threes

# Biopharmaceutical Success Framework - The Rule of Threes The biopharmaceutical success framework revolves around the Rule of Threes. Our strategic approach drives growth and innovation in the industry. Biopharmaceutical companies can achieve sustainable success by focusing on three key areas. Discover the Strategic Success Framework based on the Rule of Threes: Key Objectives, Organizational Purpose and Critical Areas.

This framework emphasizes the three critical elements for sustainable success in the biopharmaceutical industry:

1. **Key Objectives for Growth**: Focus on maximizing pharmaceutical innovation returns, enhancing patient engagement strategies, and developing internal digital skills.
2. **Organizational Purpose Strategies**: Establish long-term goals, maintain stakeholder connections, and utilize employee talents effectively.
3. **Critical Focus Areas**: Advance research and development, create value for stakeholders, and prioritize people within the organization.

The framework aims to balance technological advancements with fundamental principles, ensuring companies can thrive by delivering value to patients, shareholders, and employees.