"One Out of 10,000 drugs"

The product research, development and approval road is long, arduous, and costly, especially for pharmaceutical companies that are still reliant on manual processes and paper-based systems.  According to an ongoing study at Tufts (hyperlink -- http://csdd.tufts.edu/About/History.asp), the average cost of bringing a drug to market jumped from $231 million in 1991, to $802 million in 2001, to the current estimate of more than $1 billion.  After a product is successfully launched, the manufacturer must continue to comply with regulatory requirements to stay in business. 

Read More about the challenges pharmaceutical companies face in bringing a new drug to market, and how these challenges can be easily managed:

Read more:

White Paper:
The Pharmaceutical Industry's Transition to Electronic Processes
White Paper:
Six Ways to Optimize Your Quality Management System and Ensure FDA and ISO Compliance
White Paper:
Managing Change Control to Comply with FDA and EU Regulations
Product Data Sheet:
MasterControl Integrated Quality Suite Overview™

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