Lifecycle Management

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  • Published date: May 23, 2019
    • Shirley, New York, United States

As unique products, pharmaceutical products are composed by three different life periods: early development period, highly competitive mid-life period and the significant late post-patent period. Pharmaceutical lifecycle management (LCM) represents the procedure of managing a drug product’s entire lifecycle, which is generally involved with research, design and manufacture, service and disposal. Acting as a well-established tool, LCM has been widely used to maximize sales, improve profitability, intensify competitive edge and retain market share. LCM planning is no doubt continue to be the most optimal and popular strategy for addressing the declining R&D productivity and stricter reimbursement demands, especially in the increasing competitive market.

Given the unavoidable market influences, such as new clinical data, regulatory requirements, or market access, the lifecycle management of a given drug product is always challenged by the highly unpredictable life curve. At BOC Sciences, adequate resources of competent personnel, suitable platforms, advanced analytical methods and top-notch facilities are available to ensure that quick, informed decisions can be made during all stages of a product’s lifecycle. Furthermore, by recognizing the fact that different types of products, such as small-molecule drugs, vaccines, peptides and protein drugs, possess different life curve "shapes," and by managing diverse product information and tapping into the knowledge base, our experts will provide the very specific and targeted advices.

https://www.bocsci.com/solutions/lifecycle-management.htm

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Alex Brown
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