Whether you're a niche-market start-up developing a single compound or a well-established global company with dozens of projects in the pipeline, the pressure to innovate in the life sciences industry is unrelenting. Across the industry, development costs are rising and competition is driving prices down. For some companies, looming patent expirations threaten long-standing revenue streams. For others, increased competition shortens the time of product exclusivity. Everyone is in a race to get highly complex treatments and drugs to market as quickly as possible, while maintaining strict compliance with government regulations and industry standards.

The SAP for Life Sciences solution transforms your research and development (R&D) processes to help you innovate with greater efficiency and effectiveness. Integration facilitates collaboration among functional areas and improves visibility across the entire product portfolio, while powerful analytics provide real-time business insight for decision-making support. You can monitor resources, prioritize projects, optimize the clinical trial supply chain, and maximize the overall value of your product portfolio. The end result is innovation made easier, faster, and more effective.

Some key SAP for Life Sciences R&D-related capabilities include:

• Analytics to optimize investment decisions
• Controls to keep projects on track, suitably staffed, and properly funded
• Document management to aid regulatory submissions
• Process management to streamline clinical trials
• Collaboration tool and product data management to accelerate drug and device development