Technology solutions to fuel business transformation for life science companies.
Today’s volatile economic situation and competitive environment is presenting life sciences companies with some of their most serious challenges to date. Organizations face lower margins resulting from increased price pressures, demands from payers to deliver greater value, increasing numbers of generics and OTCs, and fewer NCEs in the market.
With drug portfolios drying up, life sciences companies are increasingly looking for mergers, acquisitions, new collaborations and licensing opportunities. All areas of the life sciences business are being scrutinized as well as the associated IT budgets. Companies are embarking on enterprise cost reduction and transformation initiatives and technology is fuelling major changes within the life sciences industry.