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Is outsourcing the way forward?
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Despite a welter of regulation raining down on
medical organisations on both sides of the Atlantic, the UK life
sciences industry is leading its US counterpart on the technology
investment needed to keep up with compliance.
Research from the Life Science Compliance Forum (LSCF) found that
the UK is spending more on technology than firms across the pond.
The LSCF found that 72 per cent of British life science firms are
using tech to keep up with regulation, while a recent study from
Gartner found that 46 per cent of US firms are doing the same.
Those life sciences firms turning to tech to help keep them on
the right side of regulation said they experienced better cost control
and better data management, the vendor coalition found.
Compliance still appears a bit of a minefield for those in the
pharmaceutical and related industries - 47 per cent of the life
sciences companies surveyed said they will turn to outsourcing to
get their compliance needs fulfilled.
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