The revenue growth has slowed down considerably with the increased competition from generics and weak pipeline of drugs and devices.
The cost of successfully bringing a new product to the market has increased significantly. Also there is significant pressure to regulate the prices of drugs and medical devices reducing the profit margins.
The global regulatory compliance and FDA compliance guidelines have become more stringent. With recent high profile drug withdrawals, there is increased pressure for more regularity scrutiny, especially in the clinical trial processes with increased emphasis on transparency and comprehensive reporting.
Proarch Solutions provides cost effective solutions and services for the management of business processes including regulatory compliance, statistical analytics, reporting, marketing, and finance. Reduction in cost of product development and invention, expansion of the geographical reach, and reduction of operational and management overheads, are some of the things that can help them remain competitive. By leveraging Proarch Solutions excellent IT services in your strategic initiatives, you can achieve more value from your IT expenditure and help in aligning IT closely with your organizational goals.