Efficient Technology Transfer in Pharmaceutical Industry through PLM 

Product-lifecycle management can transform drug discovery with faster time to market.

While drug development is an extremely time-consuming and complex process, digitalizing information flow poses a significant opportunity to pharmaceutical companies to accelerate the process and pare down the costs -- the average cost of ‘discovering’ a drug could be close to US$2.87 billion.

A product lifecycle management (PLM)-based collaborative platform could provide the vital information link that can guide the entire drug development process that can stretch up to years in some cases. It can help:

• Accelerate time to market by ensuring content management, efficient execution, and visualization.
• Improve communication of information and reduce human errors by aligning with ANSI/ISA-S88 standards.
• Achieve operational excellence with nearly 40% increase in manufacturing efficiency and 30% reduction in paperwork.