Innovator Samples / Comparator Drugs for Clinical Trials and Research from USA, Europe, Japan,...
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Transcript of Innovator Samples / Comparator Drugs for Clinical Trials and Research from USA, Europe, Japan,...
Innovative Way of SourcingMaking Difference
Are you left behind ?
Innovator Samples - RLDs Comparator Drugs
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Pharmaceuticals & Specialty Medicines from 45+ Countries
Pharmaceuticals & Specialty Medicines from 45+ Countries
1.Sourcing Comparator Drugs Pharmaceutical organizations support Comparator requirements differently. To a large extent these differences are driven by availability and experience of their internal resources.
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2. Sourcing Comparator Drugs One common denominator remains the same for all of us and that is the overall complexity and challenge of securing an uninterrupted supply of clinical drug requirements continues to become more demanding.
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Pharmaceuticals & Specialty Medicines from 45+ Countries
3. Some Challenges Associated With Purchasing Comparator Drugs Regulatory requirements FDA, EMA, MHRA, etc. Changes in the Pharmaceutical Industry mergers and acquisitions Work force compression Import/export requirements Individual drug requirements storage and handling conditions Spiraling cost of drugs Uncertainty surrounding health care reform
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Pharmaceuticals & Specialty Medicines from 45+ Countries
4. All Eyes on Savings Reducing waste and minimizing loss are part of productivity initiatives that many companies have put in place In their own right these programs have contributed savings but have also created a secondary hurdle to overcome: a JIT inventory scenario.
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Pharmaceuticals & Specialty Medicines from 45+ Countries
5. No Room For Error The lead time from the purchase of a Comparator Drug through blinding and into the Clinical sites has almost eliminated any room for error in a process that has ample opportunity for things to go wrong
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Pharmaceuticals & Specialty Medicines from 45+ Countries
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Pharmaceuticals & Specialty Medicines from 45+ Countries
6. Unlocking Opportunities to Reduce Overall Cost of Comparator Drug EARLY INVOLVEMENT IS ESSENTIAL We work closely with key decision makers from the beginning to understand requirements and implement strategies
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Pharmaceuticals & Specialty Medicines from 45+ Countries
Innovator Samples
7. Comparator Drug Procurement Strategies There are several paths we can take to reduce cost and drive savings Direct to Innovator Low Cost Market Generic Alternative Comparator/ Placebo Consolidation Market Consolidation
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Innovator Samples
8. Purchasing the product direct from the innovator can significantly reduce cost But… Competitors are not always willing
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Innovator Samples
9. Sometimes product can be purchased in low cost regions If supporting documentation can be obtained Comparator Drug Procurement Strategies
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Innovator Samples
10. Generic alternatives are an easy way to reduce cost if available Comparator Drug Procurement Strategies Direct to Innovator Low Cost Market Comparator, Generic Alternative
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11. Consolidating the comparator and place PO from a single source can provide cost reduction, and a number of synergies A recent opportunity secured a GOOD % cost reduction .
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Pharmaceuticals & Specialty Medicines from 45+ Countries
12. Consolidated sourcing in INDIA allowed for significant cost reduction, and a number of other synergies Comparator Drug Procurement Strategies for Innovator Samples/ RLD.
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Pharmaceuticals & Specialty Medicines from 45+ Countries
13. Comparator Drug Procurement Strategies All of these can be effective strategies to reduce costs .. But we do not implement these alone…
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Pharmaceuticals & Specialty Medicines from 45+ Countries
14. Customer and Supplier Relationship Management. We work closely with our key customers and suppliers to develop a long term coordinated approach.
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Pharmaceuticals & Specialty Medicines from 45+ Countries
15. THANK YOU
QUESTIONS?
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Pharmaceuticals & Specialty Medicines from 45+ Countries
16. Contact us
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Pharmaceuticals & Specialty Medicines from 45+ Countries
E- Mail - [email protected] Skype - tutorearthTwitter – tutorearthLinkedin – http://in.linkedin.com/in/innovatorsamplesFacebook – http://fb.com/pharmaearth http://fb.com/tutorearth