The pharmaceutical industry has faced well documented challenges over the last 12 months, such as the Pfizer. The industry is only too aware of this and understands that now is the time to look at new processes and a change in the way they have traditionally done business.
Globally, the pharmaceutical industry is witnessing rapid advancements in processes and technological developments. Automation is emerging as an integral part of nearly all manufacturing processes and pharmaceutical big wigs are ready to invest in the future. Due to the implementation of regulatory norms and spiraling costs pharmaceutical companies have been opting to outsource their manufacturing processes to contract manufacturing organizations in order to improve on efficiency and productivity. Countries such as Brazil, Ukraine, Mexico, China and India have taken full advantage of the need for lower manufacturing costs and have aided a boost in manufacturing growth. But this in itself has its own drawbacks.
It wasn't too long ago that most medications were manufactured in the same country they had been discovered, from start to finish; this meant more control and less mistakes. It is now predicted that up to 40% of drugs taken in the EU are imported and up to 80% of the active ingredients in those drugs come from foreign sources. It has been harder and harder to keep track of the quality of ingredients and regularly inspecting the facilities which are producing the chemicals having to rely on paperwork to control production. There has even been some concerning reports that some Indian manufacturers have been accused of forging documentation.
These latest revelations have lead to a need for dramatic change and European pharmaceutical leaders believe now is the time to bring manufacturing back to Europe. The NGP EU summit (hosted by GDS International) has been organized by some of the leading names in the pharmaceutical industry to discuss the need to re consolidate manufacturing within Europe.
Simon Orchard the : VP Biotech Operating Unit Europe and Managing Director of the Str?ngn?s site (Sweden) and CEO for Pfizer Health AB is only to aware of the trials and tribulations in the world of pharmaceuticals and has become a valued member of the NGP EU Committee. He will be focusing on how to streamline the time-to-market for new products to respond more quickly to the growing demands of consumers, outsourcing the non-core functions to strategic partners and contractors within a better regulated environment and the regulatory compliance needed to ensure the continued quality of product. He will be joined by AstraZeneca - Eva Giertz, Director of Pharmaceuticals & Process Quality Assurance, Novartis - Thibaud Stoll, Head of Global Biopharmaceutical Operations, Sanofi Pasteur - Rene Labatut, VP Global Manufacturing Technology, Genzyme Europe - Raun Kupiec, Senior Director, Regulatory Affairs Europe.
This is set to be a year of revelations for the pharmaceutical industry and with the leading companies wishing to pull back on outsourced manufacturing it looks like now is once again the time to invest in Europe.