Why you need AI to manage increasing global complexity

How AI is enabling pharmaceutical companies to make smarter decisions and stay ahead of the competition

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Pharma IQ
02/12/2020

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Following an industry shift to focus on rare diseases and increased activity from smaller companies, the cost to bring a drug to market has now decreased to under $2bn for the first time in over five years. However, forecasted sales per approval are declining, raising concerns about long term sustainability.

In this dynamic environment, regulatory affairs and business development and licensing (BD&L) teams are feeling the pressure to make smarter, more accurate market decisions without increasing resources.

In this report, we examine the challenges facing both functions and present case studies on how artificial intelligence (AI) could be the solution needed to manage global complexity.

We’ll share insight from Clarivate Analytics, GSK and Merck on how AI can allow regulatory affairs and BD&L teams to:

  • Automate necessary, but mundane, manual tasks and focus energy on high-value activities
  • Make faster, more accurate decisions in response to market changes
  • Track and compare pipeline activity and global regulations
  • Predict key approval timelines and allocate resources accordingly

Featuring an exclusive case study on how an AI model delivered 25 per cent more accurate data than the average BD&L team, five areas to focus AI efforts to improve regulatory productivity and strategies to minimize the risk of AI implementation.

Download your copy of the report today!

We respect your privacy, by clicking "Download Your Copy" you agree to having your details passed onto the sponsor who may promote similar products and services related to your area of interest subject to their privacy policy. You have the right to object. In addition, you will receive our e-newsletter, including information on related online learning opportunities. For further information on how we process and monitor your personal data, and information about your privacy and opt-out rights, click here.

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