Keeping workforces compliant with legislation is a major challenge in the pharmaceutical industry – and failing to do so can be extremely risky. With a seamless integration of NetDimensions technology, one market leader’s L&D team ensured they could face compliance risk and meet the demands of regulators such as FDA and EMA.
The ability to manage compliance risk is expected to become more crucial than ever in the pharmaceutical and life sciences sector by 2020.
Businesses need to protect themselves from the heavy costs of non-compliance. A culture of quality is crucial to reducing and eliminating exposure to risks including financial penalties, rescinded regulatory approvals and reputational damage.
Precise auditing to meet regulatory requirements
These threats can carry equally punishing knock-on effects, such as reduced revenues, patient litigation, product recall costs and a loss of competitive ranking.