Pharma companies already understand the value of outsourcing to safety or regulatory vendors, but they would do well to realize that consolidating service and technology vendors can be a decidedly effective option.
Pharmaceutical company leaders truly understand all the advantages associated with outsourcing. However, focusing on just one vendor who can handle multiple aspects of the business—such as human expertise and technology solutions—can make outsourcing more valuable than ever, primarily by averting the inefficiencies associated with working with many partners.
Despite this, many pharmaceutical companies are still juggling multiple regulatory and safety vendors. The tide, however, could be changing. A single vendor can respond to a sponsor’s technology and service team needs more efficiently than two or more independent outsourcing partners, creating a comprehensive feedback loop that makes it easier to implement and follow standard operating procedures.
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