CLOSE

Specials

I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

Skip to: Curated Story Group 1
lifesciencesreview
US
EUROPE
APAC
CANADA
  • US
    • US
    • EUROPE
    • APAC
    • CANADA
    • LATAM
  • Home
  • Contributors
  • News
  • Conferences
  • Newsletter
  • Whitepapers
  • Magazine
×
#

Life Science Review Weekly Brief

Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Life Science Review

Subscribe

loading

Thank you for Subscribing to Life Science Review Weekly Brief

  • Home
  • News

Recommended picks

Advantages of Using Monoclonal Antibodies

Advantages of Using Monoclonal...

A Brief Overview Of Green Biotechnology Tools And Applications

A Brief Overview Of Green...

Key Advantages of Agtech in Farming

Key Advantages of Agtech in Farming

Nanotechnologys Impact on Environment: What to Know

Nanotechnologys Impact on...

How Automation in Pharmaceutical is Giving a New Direction to Drug Development

How Automation in Pharmaceutical is...

Ways Health Economics and Outcomes Research can Improve Decision Making Process

Ways Health Economics and Outcomes...

Top Agtech Industry Trends to Keep an Eye on

Top Agtech Industry Trends to Keep an...

Strategies to Mitigate Life Sciences Supply Chain Challenges

Strategies to Mitigate Life Sciences...

Advantages of Using Monoclonal Antibodies

Advantages of Using Monoclonal...

A Brief Overview Of Green Biotechnology Tools And Applications

A Brief Overview Of Green...

Key Advantages of Agtech in Farming

Key Advantages of Agtech in Farming

Nanotechnologys Impact on Environment: What to Know

Nanotechnologys Impact on...

How Automation in Pharmaceutical is Giving a New Direction to Drug Development

How Automation in Pharmaceutical is...

Ways Health Economics and Outcomes Research can Improve Decision Making Process

Ways Health Economics and Outcomes...

Top Agtech Industry Trends to Keep an Eye on

Top Agtech Industry Trends to Keep an...

Strategies to Mitigate Life Sciences Supply Chain Challenges

Strategies to Mitigate Life Sciences...

Latest Regulatory Compliance Trends in the Life Science Sector

Life Sciences Review | Saturday, December 26, 2020
Tweet

The emergency with COVID-19 has created many problems, and the life science sector needs to address them with priority.


FREMONT, CA: Covid-19's disruptive effect on the supply of medication and medical devices has put several regulatory and enforcement teams under pressure. Prior to the pandemic, the life sciences sector was already experiencing significant regulatory changes and could quickly address new threats and priorities.


Businesses must consider how they can best leverage their restricted capital as the situation continues to expand. Re-appraising the balance between in-house skills and partnerships with strategic outsourcing can provide invaluable strategies and possibilities. More precisely, the use of strategic outsourced solution providers, when appropriate, will offer critical support to handle existing temporary uncertainty strategically, but also to meet long-term regulatory requirements. Several advantages, such as being prepared for quality and regulatory enforcement, speed time to market, decreasing the likelihood that goods may be taken off the market, and helping boost market share when demand increases.


A supply of expertise


Outsourcing is not merely for the intent of growing the capacity of capital, although this is a large and urgent concern. It must also allow access, at the time and place where they are most required, to skilled, capable, and experienced resources. 


Check This Out: Top Pharma and Life Sciences Consulting Companies


 


There is no flexibility in training in-house staff when problems need to be addressed immediately, nor is it cost-efficient to invest in developing only regularly required skills. The increased use of outsourced resources shows that several organizations realize their capacity to improve enterprises' resilience and the opportunity to draw on sources of valuable expertise.


Immediate pressures


 Regulators, purchasers, and manufacturers must concentrate on making current treatments and equipment required to handle the pandemic more accessible. Member States in the EU have been asked to guarantee that firms ramp up production where necessary and operate at maximum capacity. Without a degree of relaxation of regulatory controls, it cannot be accomplished. A variety of temporary emergency accommodations and approved derogations from some examination procedures have been implemented by the regulators to preserve supply and accelerate the production of new therapies.


Upcoming measures


 As a consequence of the pandemic, regulators are keenly aware of places where more can be done to improve the healthcare system's response capacity and disaster management. The European Medicines Agency (EMA) sets up the i-SPOC (Single Point of Contact Industry) framework to speed up the industry's reporting on medication shortages.


Weekly Brief

loading
Towards a New World Order
> <
  • Regulatory Services 2023

    Top Vendors

    Current Issue
  • Clinical Lab Equipment 2023

    Top Vendors

    Current Issue
  • Regulatory Services 2023

    Top Vendors

    Current Issue
  • Clinical Lab Equipment 2023

    Top Vendors

    Current Issue

Read Also

The Role of AI in Accurate Medical Writing

Patrik Renblad to Join Cantargia as Chief Financial Officer

Overview of the Life Sciences BPO Market

Dr. Zamaneh Mikhak Joins TFF Pharmaceutical as the New Chief Medical Officer

The Significance of AI in Medical Writing

The Importance of Technology in Multinational Clinical Research

Hepion Pharmaceuticals to Get a Total of $ 3.2 Million in Non-Dilutive Financing

Benefits that Medical Writing Offers

Loading...

Copyright © 2023 Life Sciences Review . All rights reserved. |  Subscribe |  About Us follow on linkedin

This content is copyright protected

However, if you would like to share the information in this article, you may use the link below:

https://www.lifesciencesreview.com/news/latest-regulatory-compliance-trends-in-the-life-science-sector--nwid-216.html