JD Edwards EnterpriseOne for Pharmaceuticals
Of all drug candidates selected for development in the pharmaceutical industry, few make it to clinical trials. Fewer still go on to become successful and profitable products. With the odds stacked against them, pharmaceutical companies are now defining their business objectives to maximize their probability of success. In short, they must innovate faster, reduce risk, and increase profitability.
Companies in the life sciences industry are under intense pressure to increase productivity and make research and development (R&D) more efficient. Companies face discovery and development cycles that often total 7 to 10 years, as well as development costs approaching US$800 million for each new drug. What’s more, costs are outpacing revenue from new products. In the last 10 years, pharmaceutical spending on R&D has gone up 44 percent, but the number of blockbuster product launches has decreased by 25 percent. To be successful in the development of drug therapy, you must accelerate new product introductions and allocate resources with maximum efficiency.
JD Edwards EnterpriseOne Applications
JD Edwards EnterpriseOne life sciences applications accelerate discovery pipelines and help you get the most promising compounds headed toward clinical trials faster. Based on a single source data model, JD Edwards EnterpriseOne applications are capable of accessing and managing the multiple types of structured and unstructured data (such as text, images, XML, and chemical structures) commonly found in drug discovery. JD Edwards EnterpriseOne complex set of powerful data-mining algorithms allows researchers to analyze data within the database. JD Edwards EnterpriseOne also helps speed development planning by allowing researchers to access and manage data from disparate sources. Moreover, JD Edwards EnterpriseOne accelerates product discovery through its complete project manager visibility, including budgeting and forecasting, resource management, change and performance management, and complete document management.