Saving Money and Time by Implementing Compound Management Outsourcing Strategies

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This FREE webinar was recorded on:
October 26, 2010
09:00 PM - 10:00 PM EST

A screening compound collection is recognised as a valuable asset by most pharmaceutical companies and compound management is now a key component of the drug discovery process. Under-valued and under-resourced until relatively recently, compound management has now benefited from large capital investments to build “State of the Art” compound repository stores.

However, in this era of mergers and acquisitions, large pharmaceutical companies are facing major challenges with respect to inventories of research compounds. Often, mergers result in compounds being located at various sites and using different technologies, without the benefit of a consolidated database of the global inventory.

Because of the significant expense and logistics of maintaining more than one repository store, some companies choose to outsource entirely or part of this activity to a third party that specialises in this field.

It is important to work with a company that has significant experience in compound management due to the complexity of tackling not only inventory data, but also compound location, reformatting process and compound integrity. Experience is also of paramount importance when knowing how to appropriately deal with wide array of materials handled and exchange of information.

In this webinar, participants will learn how to:

  • Implement outsourcing strategies that will leverage your organisation’s ability to access to new technology or capacity without the need of costly investment in equipment or personnel
  • Source the right partner to ensure the key to success
  • Work with outsourcing parties to increase operational efficiency and optimisation of resource allocation
  • Identify areas for outsourcing in compound management and recognise IP issues associated with outsourcing activities
  • Seek economic and organisational advantages of outsourcing

Presenters:

Sylviane Boucharens
Section Head, Molecular Pharmacology Department
MSD, Newhouse, Scotland
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