Life Sciences:
Biotech and Pharmaceuticals
The rising costs of drug development and heightened competition are increasing the pressure on life science organizations. They face challenges such as the increasing value of intellectual capital, growing demands on productivity, reducing time-to-market, increased regulation, and increased demand for documentation and information management. The cost of bringing a new drug to the market has been estimated at over $802 million.
In Life Sciences, iBox is applied across R&D (incl. Research/Discovery, Pre-clinical, Clinical Trials & Submission), Competitor Intelligence and Regulatory Affairs. More specifically, the benefits include:
Research/Discovery: iBox enables Instant Information Findability™ across researchers and unstructured information repositories, such as NTFS, MOSS, etc. without moving information. eDiscovery is thus enhanced. iBox Instant Findability™ results in: Quicker response on information inquiries from the business, knowledge retention and faster learning curves, as well as saving in purchase of external reports. Pre-clinical: iBox is likewise useful for Instant Findability™ of the unstructured information, as well as for collecting files for submission of ING whether or not the information is stored on NTFS or MOSS. Clinical Trials:< iBox can out-of-the-box provide core DMS features for information stored on NTFS and SharePoint. iBox is applicable whether or not trials are managed by internal organization or by external CROs. Traditionally, these files have been stored on Documentum – that is no longer necessary with iBox. Submission: Within submission, iBox makes it easy and fast to find and collect files for submission. Once submitted, files should go into a part 11 Compliance system, such as Documentum or Opentext.
Marketing & Sales and Competitor Intelligence (CI): Benefits by iBox Instant Findability™ in this areas include: Quicker response on information inquiries from the business, knowledge retention and faster learning curves, as well as saving in purchase of external reports.
Regulatory Affairs: iBox classification and Instant Findability™ provides compliance, higher proficiency and expertise levels, quicker response on information inquiries from the business, knowledge retention and faster learning curves for Regulatory Affairs across the business.
Within 4 weeks iBox implementation delivers DMS features, superior Findability, superior classification and ontology applicable for NTFS and MOSS. This enables you to slice and dice information around: Document Type, Document Status, Author, Publication, Publisher, Organizational entity, Drug/Product/Brand, Active Ingredient/compound, Indication, Diseases, Side effects, Therapy area, Study phase, Study type, Dosage Form, Dosage strength, Competitor, Geography and External parties (e.g. CROs).
Want to know more? Request a demo or read What is iBox? Case story: Purdue Pharma