The cost to drive a single drug or medical device to market is staggering. In fact, according to a recent study by Tufts, the cost to develop a single pharmaceutical drug averages out to around $2.6 billion.
When developing a new drug, treatment or therapy, an accurate, efficient trial and testing process is necessary, not only for the best possible outcomes, but also for compliance with numerous governmental and global regulations and standards.
Learn how electric co-ops can automate their current workflows to collect organized data, drive compliance, and improve results.
In the world of manufacturing - especially healthcare manufacturing - compliance is key. Many of the same stringent regulations that medical professionals adhere to also apply to manufacturers of medical equipment and devices, along with additional regulations. Compliance can be difficult at best, or, a nightmare at worst.
“Smart” technology isn’t just a buzzword. It isn’t a trend that’s likely to fade out now or at any point in the future.
If you’ve spent much time online, reading medical journals or talking to others in the medical industry, you’ve probably noticed a trend: hospital redesigns, improvements and remodels have a rapidly evolving, critical new goal: to improve patient experiences.