life sciences

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 wearable. 

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.

Get more than what you think from RAID MAC

• RAID MAC can deliver a diverse set of solutions that optimize operations, sales, distribution, manufacturing.
• RAID MAC 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.
• RAID MAC has a full spectrum of Life Science Industry Solutions to meet the unique and challenging business needs with quick ROI and business results.