innovator samples / comparator drugs for clinical trials and research from usa, europe, japan,...

Innovative Way of SourcingMaking Difference

Are you left behind ?

Innovator Samples - RLDs Comparator Drugs

www.TutorEarth.Com

Tutor Earth Pvt Ltdwww.PharmaEarth.Com

Pharmaceuticals & Specialty Medicines from 45+ Countries


1.Sourcing Comparator Drugs Pharmaceutical organizations support Comparator requirements differently. To a large extent these differences are driven by availability and experience of their internal resources.

www.TutorEarth.Com www.PharmaEarth.Com

2. Sourcing Comparator Drugs One common denominator remains the same for all of us and that is the overall complexity and challenge of securing an uninterrupted supply of clinical drug requirements continues to become more demanding.



3. Some Challenges Associated With Purchasing Comparator Drugs Regulatory requirements FDA, EMA, MHRA, etc. Changes in the Pharmaceutical Industry mergers and acquisitions Work force compression Import/export requirements Individual drug requirements storage and handling conditions Spiraling cost of drugs Uncertainty surrounding health care reform



4. All Eyes on Savings Reducing waste and minimizing loss are part of productivity initiatives that many companies have put in place In their own right these programs have contributed savings but have also created a secondary hurdle to overcome: a JIT inventory scenario.



5. No Room For Error The lead time from the purchase of a Comparator Drug through blinding and into the Clinical sites has almost eliminated any room for error in a process that has ample opportunity for things to go wrong



6. Unlocking Opportunities to Reduce Overall Cost of Comparator Drug EARLY INVOLVEMENT IS ESSENTIAL We work closely with key decision makers from the beginning to understand requirements and implement strategies



Innovator Samples

7. Comparator Drug Procurement Strategies There are several paths we can take to reduce cost and drive savings Direct to Innovator Low Cost Market Generic Alternative Comparator/ Placebo Consolidation Market Consolidation


Innovator Samples

8. Purchasing the product direct from the innovator can significantly reduce cost But… Competitors are not always willing


Innovator Samples

9. Sometimes product can be purchased in low cost regions If supporting documentation can be obtained Comparator Drug Procurement Strategies


Innovator Samples

10. Generic alternatives are an easy way to reduce cost if available Comparator Drug Procurement Strategies Direct to Innovator Low Cost Market Comparator, Generic Alternative


11. Consolidating the comparator and place PO from a single source can provide cost reduction, and a number of synergies A recent opportunity secured a GOOD % cost reduction .



12. Consolidated sourcing in INDIA allowed for significant cost reduction, and a number of other synergies Comparator Drug Procurement Strategies for Innovator Samples/ RLD.



13. Comparator Drug Procurement Strategies All of these can be effective strategies to reduce costs .. But we do not implement these alone…



14. Customer and Supplier Relationship Management. We work closely with our key customers and suppliers to develop a long term coordinated approach.



15. THANK YOU

QUESTIONS?



16. Contact us



E- Mail - [email protected] Skype - tutorearthTwitter – tutorearthLinkedin – http://in.linkedin.com/in/innovatorsamplesFacebook – http://fb.com/pharmaearth http://fb.com/tutorearth

mailto:[email protected]

http://in.linkedin.com/in/innovatorsamples

http://fb.com/pharmaearth

http://fb.com/tutorearth

innovator samples / comparator drugs for clinical trials and research from usa, europe, japan,...

Health & Medicine

comparator requirements

cost of drugs uncertainty

countries e mail

innovator samples rld

low cost regions

significant cost reduction

effective strategies

consolidated sourcing