Insights for FDA Regulated and HIPAA Compliant Organizations

Finding the Right Partners is the Key to Creating Supply Chain Success

handshakepexels-photo-3184465 Partnering for Success

"Talent wins games, but teamwork and intelligence win championships."

-Michael Jordan

Inherent with the goal of commercialization lies the problems of production and distribution methods and costs, which must be worked out before manufacturing begins.

FDA regulated companies are looking for a shorter and less costly pathway to commercialism, especially for emerging diagnostic testing companies.

The rise of biotech capabilities, specifically of genetic testing companies, has created a great deal of urgency to launch new specimen collection kits on a regular basis.  But speed-to-market is often hampered by a supply-chain that includes too many vendors and/or not enough specialization.

As the science of genomics increases and more and more tests become available, diagnostic testing companies must outsource their kit development, production and distribution to trusted expert partners.  Labs must be concerned with the quality of their own internal processes and not worry about the logistics of specimen collection.

These complex core activities can pose financial, operational and technological challenges during rapid growth and commercialization. By incorporating state-of-the-art technology with a team of dedicated experts, every life sciences company can get any product to market faster and more accurately on a global scale.

If you can remain focused on mission-critical internal processes and outsource non-core competencies such as kitting, warehousing and outbound and inbound shipping of diagnostic kits, this can be a tipping point toward greater commercialization success.

Brian Butler is the VP Business Development of The Allied Group and TAGmedica. He is also the author of two books: Find 'Em Get 'Em Keep 'Em and the recently released In Search Of...Customers!

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