Changing Landscape of Biotech and Pharma
Biopharma, the biotechnology sector of the pharmaceutical market, and one of its fastest growing sectors, is changing the way complex diseases are treated. Biopharma products have demonstrated groundbreaking efficacy and safety and have shown promise to address previously untreatable conditions. Many pharmaceutical companies are focusing on biopharma and are collaborating with universities and biobanks to bring innovative new products to market. Despite their higher costs, global demand is turning many biopharma drugs into blockbusters.
The global biotechnology market is expected to reach USD 727.1 billion by 2025 .
Biopharma ChallengesThough biopharma is enjoying stunning year-over-year growth, the industry will soon face several key challenges as it becomes mainstream:
The complexity of manufacturing and operations
The entire drug discovery process is manufacturing and operations heavy. As new manufacturing processes are introduced, and complex new supply chain ecosystems evolve, it will be difficult for biopharma companies to produce high yields in the drug manufacturing process while keeping costs down.
Struggles in driving clinical innovation
Though pharmaceutical companies, research labs, biobanks, and universities all play a major role in drug discovery and development, creating a well coordinated ecosystem for information exchange is challenging, and it often prohibits or delays drug discovery innovation.
The new challenges of modern data architectures
While cloud computing, big data, machine learning, and the IoT are benefitting the biopharma industry to a large extent, each individual technology often creates additional data silos, restricting the benefit of the overall data ecosystem.
Continually restrictive regulatory environments
The pharmaceutical industry is one of the most strictly regulated industries in the world. IP protection, drug and device safety, counterfeit drug threat, and personally identifiable information (PII) protection are some of the biggest concerns of biopharma companies.
Mergers and acquisitions
In recent years, the biopharma industry has experienced some of the most M&A deals, and some of the largest. Almost all post merger entities face challenges with operational complexity, value creation, risk management issues, cost overrun, and other issues
Data Virtualization Is the Right Way to Handle Your Data
The Denodo Platform uses data virtualization to maximize the success of biopharma companies, whether they are sample management biotechnology firms, drug manufacturers trying to increase manufacturing yield while holding down costs, or pharma companies that need to ensure post-merger SOX compliance. Data virtualization provides real-time access to data across myriad sources without moving any data. Data virtualization brings agility and flexibility to the enterprise data architecture and faster time-to-market for products and services. It helps companies move to the cloud in the fastest possible way and helps pharmaceutical companies to address their advanced analytics and data governance requirements. Data virtualization meets all of these goals while significantly bringing down the TCO, as there is no need to physically transfer any data.
The Benefits of Data Virtualization
Helps companies with SOX, GDPR, and GRC compliance.
Increases the manufacturing yield for blockbuster drugs while holding down costs.
Enables seamless collaboration between research universities, biobanks, and pharma companies, for cutting edge drug discovery.
Provides easy post-merger integration with zero downtime for the merged entity.
Ensures the security and safety of drug discovery information within and across enterprise boundaries.
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Customer Success Stories
Discover how Denodo helped:
- Biogen with agile reporting for distributor and wholesalers
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