Case Study: Regulatory and Market Intelligence Support for a Top-Tier Biotechnology Firm
Background – Client Needs:
A top-tier biotechnology firm based in the United States approached Celegence for Regulatory intelligence support, which necessitated gathering, analysing, and interpreting data from multiple sources to gain insight into the latest regulatory environment and how it impacts the life science industry. The scope included gathering market intelligence also where required.
The Client Faced the Following Challenges:
The life science industry has been dealing with increasingly stringent regulatory requirements over the past few years. These regulations have created a range of challenges for life-science companies, such as:
Project Initiation & Key Objectives:
The client chose Celegence’s team of domain experts for providing strategic guidance on regulatory challenges, assessing impacts, and providing intelligence reports, as the team is well‑versed with the current regulatory environment.
Celegence Solution & Approach:
Celegence was awarded a contract to provide Regulatory intelligence services detailing requirements for:
Approach:
Creating a comprehensive approach for meeting the ever-changing laws, standards, and regulations was essential, and to achieve it efficiently, the Celegence team first tried to understand the regulations across the regions by gathering the information from Regulatory agencies’ websites, Regulatory platforms, concepts or published papers, and Guidance documents, and how they interact with one another.
Once the corresponding guidance(s) across the countries were identified, the Celegence team began an in-depth analysis of the impact on the industry and prepared a comprehensive Regulatory intelligence report that includes Regulatory updates, current trends, data analysis, implications on industries, potential pitfalls, impact on the timelines, etc.
Solution:
Project Achievements
Celegence delivered the following value and business impact to the client:
- 1
Comprehensive and accurate registration requirements, including steps, fees, and average timeline, in order to inform regulatory strategy and minimize potential delays.
- 2
Ability to recognize relevant information and provide only useful or necessary data avoiding ‘data dump’.
- 3
Analysing the regulatory information along with the risk mapping and having an accurate impact analysis performed based on the customer’s product portfolio.
- 4
Preparing a succinct, comprehensive, simple, and accurate Regulatory intelligence report that compares the overall market trends and analyses the implications for the future.
- 5
Ongoing compliance improvement with access to Celegence’s regulatory expert network.
Project Success
The keys to the project’s success were proactive and strategic planning, delegation of duties to the skilled and informed team, effective communication and collaboration between Celegence and the customers, and a unified effort throughout the duration of the project.
In order to ensure the success of the project, all the components had to be properly aligned and working together. The team created a plan tailored to the project’s requirements and allowed for efficient communication between all the stakeholders.
Followed a well-defined project management approach with optimum use of project resources, high quality and timely delivery of the outcome. By delegating duties to the most knowledgeable members and ensuring that all team members were on the same page, the project was able to progress smoothly and come to an effective conclusion.