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A drug can be considered a pharmaceutical innovation only if it meets otherwise unmet or inadequately met health care needs. This will depend on its efficacy, safety and convenience of use relative to the technologies available when it is introduced.
Today, efficiency of R and D processes, products declining life cycle and patent life exclusivity, increasing generic competition, production compliance, and costs, are some of the major complications that pharmaceutical companies encounter with them (9, 11).
Global health progress relies on a robust innovation ecosystem. The innovative pharmaceutical industry is an important part of the puzzle, playing a critical role in bringing life-saving and life-prolonging medicines and vaccines to individuals, improving both personal and public health outcomes.
So, whats the difference? The difference is continuous improvement deals with things that currently exist, and consistently strives to make them better. Innovation, on the other hand, takes something that doesnt exist and translates it into something that does exist.
Automation and pharmaceutical industry challenges Regulations. Regulations combine administrative, technical and legal measures. Efficiency. Data integrity during digitization. Resistance to change. Flexible and modular production in plants.
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In essence, continuous improvement is not just a strategy; its an investment. An investment in quality, efficiency, and compliance that yields docHub returns in the form of enhanced reputation, operational excellence, and sustainable growth.
Additional Barriers to Entry Food and Drug Administration (FDA) Approval. Research and Development (RD) Costs. Intellectual Property Challenges.
Logistical challenges, including training requirements for industry, regulators, and investigators; competition for the small pool of needed new talent; issues surrounding intellectual property that make adoption of new manufacturing technology difficult; and lack of strategic partnering in the industry.