IoT and Digital Engineering / White Paper
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IoT and Digital Engineering / White Paper
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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: