The life sciences industry has been grappling with narrowing margins, expiring patents, dwindling drug pipeline, price-sensitive markets, industry consolidation, and rising adoption of personalized medicine. as well as wearables. Some of the biggest challenges the industry faces are managing the cost of raw materials and the cost associated with regulatory compliance. With strict regulations that vary from country to country, it is important that as an organization, they ensure compliance, as even a small oversight can lead to millions in losses.
There has also been a surge in M&A/restructuring activities as stakeholders make efforts to revive margins by realigning the strategic focus. This combination of disruptive and legacy factors is driving technology needs among life sciences firms, which is translating into increased focus on analytics, infrastructure services, data consolidation, and application modernization efforts. As life sciences firms embark on their digitization journey, there has been a spike in the demand for digital enablers and tools that cater to specific value chain elements and help achieve desired business outcomes. Successful digital adoption would require life sciences stakeholders to transform their entire stack of services and adopt an integrated services strategy.
Teknospar has extensive domain knowledge and experience working with global organizations in the pharmaceuticals, bio-technology and medical device industries as well as the sub verticals including: formulations, bulk drugs, R&D, bio-tech, generics to contract manufacturing, compliant manufacturing, sales and distribution. Teknospar has a full spectrum of Life Science Industry Solutions to meet the unique and challenging business needs with quick ROI and business results.
Teknospar, as a specialist solution provider to Life Science companies, has helped more than 30 Life Science and Pharmaceutical companies understand the gaps in their operations, and implemented tailor made business solutions, not only to address their challenges, but to ensure that the solution is now a solid backbone helping the business perform smoother and better. Teknospar can deliver a diverse set of solutions that optimize operations, sales, distribution, manufacturing, etc. that includes: portal technologies, ERP applications, Business Intelligence, performance management, human capital management, enterprise application integration, content management, and data warehousing applications.
Teknospar SAP Pharma Rapid Deployment Solution (RDS)
Based on the extensive experience, Teknospar has developed a pre-configured Rapid Deployment Solution (RDS) built on the best practices with built-in GxP control specifically for pharmaceutical companies. Teknospar’s Pharma RDS solution helps transform the business by reducing Total Cost of Ownership (TCO), reducing regulatory compliance risks, robust quality management and assists in innovation and development.
Computer System Validation Services
Stringent quality requirements in FDA regulated industries maintain that appropriate controls and procedures be in place throughout a software/computer lifecycle. Teknospar brings a thorough understanding of business processes for the life sciences industry and provides a practical, risk-based approach to Computer System Validation (CSV). Our services enable customers to meet global regulatory requirements and help eliminate GxP compliance risk. Teknospar provides a broad range of CSV services, capabilities and tools for ERP Systems, Manufacturing, Laboratory, and Clinical Systems. Teknospar has highly qualified and experienced CSV Life Science domain consultants providing the most efficient and cost effective CSV services. Find out more information about our CSV services.
If you are a Life Sciences and Pharmaceutical company, do get in touch with us to discuss how we can help improve your business through the effective use of technology.