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• Cognizant 20-20 Insights




Pharmacovigilance: A Practical Approach
to Reshaping Patient Safety

   Executive Summary                                    •   Rigorous analysis, interpretation and “real-
                                                            time” decision making on safety signals and
   Ensuring the safety and efficacy of pharmaceu-
                                                            proactive remediation.
   ticals and biotechnology products is one of the
   top challenges in healthcare today. With drug        •   Leveraging pre- and post-marketing safety
   recalls continuing to make headlines, consumers          patterns and insights for clinical trial design
   and other stakeholders across the healthcare             and safety analysis to balance the risk-to-
   ecosystem are demanding more oversight and               benefit ratio of new products, therapeutic
   regulators around the globe are responding to            directions and early “go, no-go” decisions
   these pressures by increasing their scrutiny and         advancing drug candidates.
   compliance requirements from the industry.           •   Allowing for convergence of the evolving
                                                            regulatory environment and the integrated
   Despite the heightened focus on drug safety              PV/safety operations and analytics into a source
   and the direct link between reactive safety              of innovation and competitive advantage.
   and numerous risks to business — financial,
   regulatory, brand loss, etc. — many biopharma-       This paper will examine the key challenges faced by
   ceutical companies today still have inefficient      the industry, some of the practical approaches to
   drug safety operations and detect safety signals     overcome these challenges and tangible benefits
   with suboptimal latency. Inefficiencies and redun-   that can be realized in implementing proactive
   dancies in pharmacovigilance operations result       pharmacovigilance as a business strategy.
   in higher costs and undermine efforts to signifi-
   cantly increase overall performance.                 Global Drug Safety: Key Challenges
                                                        and Solution Approaches
   As the pharmaceutical, biotechnology and
                                                        Based on our experience helping biopharma
   medical device industries renew their focus on
                                                        companies with thorny PV challenges, we
   becoming lean and more effective in bringing
                                                        recommend the following.
   safer, newer products and therapeutic value to
   patients in a timely manner, they must transform     •   Establish a safety and compliance culture.
   their drug safety operations. Proactive phar-            Until recently, many companies have adopted
   macovigilance — enabled by globally integrated           a piecemeal approach to managing safety
   process, people and technologies — can help              and compliance. What is required, however, is
   the industry achieve its objectives. This can be         a holistic vision and approach — one that
   accomplished by:                                         guides the whole company towards a culture




   cognizant 20-20 insights | october 2011
of compliance — that allows the staff to                             business risk management that is tracked
   understand that compliance makes good                                and monitored for proactive remediation.
   business sense. Such a cultural change cannot
   be brought to bear overnight and will need
                                                                    >   Make informed and early decisions on “go,
                                                                        no-go” on products in the pipeline based
   to be implemented in a phased but timely                             on signals/safety analytics from launched
   manner.                                                              products and products in advanced clinical
   >   Establish the “safety first” vision and                          studies.
       re-emphasize the need for proactive safety
       and compliance, RiskMAPs and benefits that
                                                                    >   Implement specific actions and programs
                                                                        that are focused on “getting it right the
       can be realized with the entire team — both                      first time” to avoid intensive/overtime fire-
       internal and partners — through structured                       fighting work and costs.
       governance/communications from execu-
       tive and senior management.

   > Ensure   safety risk assessment as part of




Case Study >>
Proactive Pharmacovigilance
Business Situation: A biopharmaceutical com-                    delivery model. Cases are processed around the
pany’s global safety organization wanted to close               clock, around the world, with virtual teams of
its cases within a business day, regardless of the              globally-based experts and operational teams
time or locale of origination. Cases were sometimes             sharing data.
backing up because of holidays, time differences
and vacations and lack of available staff (capacity).           Benefits: In collaboration with the client, we are
                                                                developing a globally integrated and networked
Challenge: Achieving the 24-hour resolution goal                model of operating centers that are governed by
apparently would require the company to invest                  a single leadership team and a set of innovative
in new call centers, case processors and medical                systems/tools. We are taking accountability for
reviewers around the globe as well as virtual                   delivering the cases in a timely manner with
tools and workflow technologies and dashboards/                 increased quality and reduced cost of operations
portals. The centers would be expensive to set up,              across a scope of activities including case
staff and operate.                                              booking, processing, medical review and closure.
                                                                Because of our participation in global clinical data
Solution: The company elected instead to work                   management, we also can provide insights to help
with us to adopt an outcome-based service                       the client to anticipate potential issues.


A Better Approach to PV
Here is how we collaborate with this client to make PV more proactive.

                               Objective                                         Solution
              1   “Real-time” collection of appropriate data.   Pre- and post-marketing safety data
                                                                collection across the globe is critical.

              2   Proactive analysis of “safety signals” and    Allows early dissemination of information
                  prepare robust “risk ma.nagement plan.”       to patients, regulators and physicians.

              3   Continuously meeting the evolving global      Globally harmonized process, organization
                  regulatory requirements.                      and technology.

              4   Leverage automation to enable decisions       Invest in seaml.essly integrated technology
                  (workload management).                        with PV processes.

              5   Increase operational efficiency and           Ensure ability to distribute and process safety
                  reduced cost of operations.                   cases globally within one business day.


Figure 1

                          cognizant 20-20 insights              2
•   Develop/refine capabilities to manage regu-         •   Technology. Many global life sciences enter-
    latory changes in “real-time.” Regulators               prises find that drug safety data is collected
    across the globe have varying and continually           in silos owned by different departments.
    changing reporting requirements. To operate             Correlating data and signals amongst these
    globally, life sciences companies must meet             usually incompatible systems with their lack of
    these requirements as well as local timelines,          standardized data is often a labor-intensive,
    reporting formats and translation require-              slow process at odds with today’s real-time
    ments.                                                  orientation.

    >   A critical activity is keeping abreast of re-       >   Develop a centralized database that can
        gional regulatory changes for registration              integrate disparate data and information
        and reporting. Life sciences companies                  from different sources internally, third par-
        need a dedicated group of analysts and                  ties and physicians.
        regulatory experts who follow evolving
        trends and provide guidance on class-wide
                                                            >   Ensure the ability to draw PV information/-
                                                                insights from case report forms (CRFs) on
        Risk Evaluation and Mitigation Strategies               a “real-time” basis, which may have signifi-
        (REMS), alignment between global regula-                cant value on managing risks.
        tory agencies (ICH, EU, FDA, Japan, etc.),
        post-marketing data collection, integration         >   Implement best practice
                                                                global work flow, analyti-
        and analysis, guidance on training, policies
                                                                cal tools and dashboards
                                                                                             Life sciences
        and reporting to all stakeholders.
                                                                for real-time insights and   companies need a
•   Implement globally aligned processes,                       decision making.             comprehensive people
    technology and governance.
                                                        •   People/capability improve-       capability review
•   Processes. To gather comprehensive data,                ment. Focusing core pro-         that includes their
    life sciences companies must manage global
    drug safety operations and coordination of
                                                            fessional staff on mission-      own expertise as well
                                                            critical activities will have
    case processing through a “single harmonized            a direct impact on cost and      as complementing
    process” with options for local customization           efficiency and the ability       partners’ expertise
    to fit regulatory requirements. These include:          to move towards “proac-          that allows for a
    >   A seamless operating model that integrates          tive patient safety.” Retain-
                                                                                             flexible and scalable
        case processing volumes, types and sub-             ing core/strategic activities
        missions timelines (“demand”) with a glob-          internally while leveraging      staffing model with
        ally flexible and scalable resourcing (”ca-         global partners to provide       the right skills that
        pacity”) model, across the sponsor and the          transactional/operational
        global partners/service providers.                  case handling processes          can adhere to their
                                                            more efficiently at high         “proactive patient
    >   Identifying drug risk profiles using pre-
        clinical and relevant post-marketing data
                                                            quality can allow for a robust   safety” vision.
                                                            people strategy.
        (e.g., population diversity and sample size)
        before future clinical trials are designed.         >   Typical internal activities include:

    >   Following up with subjects after comple-                – Regulatory interface/submissions related,
        tion of trials and analysis of adverse-event-             policies and reviews.
        related patient withdrawals.                            – Risk  management/integrated epidemio-
    >   Ensuring that comprehensive post-market-                  logical and statistical analysis, risk com-
        ing process including regular case handling,              munication and education systems and
        reporting, labelling changes and active                   translation of pre-clinical data.
        querying.
                                                                – Signal  detection/reporting: REMS and
    >   Signal generation, evaluation, adequate                   processes, complex periodic reports and
        trend analysis, documentation, disposition                integrated review of all emerging signals.
        and archival.
                                                            >   Typical external, global partners-driven
    >   Assessment and review of risk/benefit anal-             activities include:
        ysis in the context of evolving risk-based
        understanding.                                          – Best practice adverse event intake and
                                                                  harmonized processing that will allow for
                                                                  continuous productivity improvements.


                         cognizant 20-20 insights       3
– Global safety database management                 of continuous productivity improvements,
          and support.                                      synergies between case processing and IT
                                                            automation/work flow technologies, globally
        – Global aggregate                                  shared governance and oversight that a
          reporting/PSUR
          process.                                          partner can leverage.

        – Report templates/-                            •   Continuous improvement, innovation and
          authoring tools.                                  transformation. Applying Lean and Six
                                                            Sigma principles along with customized
        – Medical review and                                quality management plans (QMP) can lead to
          narrative writing.                                measurable productivity improvements across
Life sciences companies need a comprehensive                case-handling processes (e.g., data entry,
people capability review that includes their own            coding). Selected initiatives and benefits from
expertise as well as complementing partners’                such efforts include:
expertise that allows for a flexible and scalable           >   Improving the accuracy of data entry and
staffing model with the right skills that can adhere            coding by 10% to 15%.
to their “proactive patient safety” vision. This will
also allow management of case volume fluctua-               >   Improving the accuracy of narratives by
                                                                30%.
tions by location and therapeutic class.
                                                            >   Reducing the processing time for cases by
•   Structured governance. Leading life sciences                20% to 50%, per case type.
    companies are making a fundamental shift to
    moving drug safety and clinical development             >   Reducing time to write narratives by 60%.

    into a single functional team that has the          •   More collaboration and better compliance.
    mandate and authority to define and enact               Life sciences companies with global pharma-
    integrated clinical and drug safety policies            covigilance operations will be able to partici-
    and processes throughout the enterprise (IT,            pate more effectively in collaborative efforts
    packaging, clinical operations, quality assur-          with partners, academic organizations and
    ance and biostatistics) and with partners. This         regulatory bodies on such efforts as REMS and
    means they must:                                        address international regulatory initiatives on
    >   Implement a streamlined governance struc-           a proactive/reactive basis.
        ture that encompasses internal teams, col-      •   Smarter R&D decision making allowing for
        laborators and partners around the world            safety as a competitive asset. Proactive
        with clearly identified forums, participants        pharmacovigilance also enables life sciences
        (RACI) and a robust communication plan.             enterprises to make better decisions about
    >   Identify and empower a small data stan-             current and planned research and develop-
        dardization unit to continuously develop            ment activities. They can correlate incoming
        and manage the overall safety processes,            post-market and trial signals data to related
        tools and data standards to ensure that             product and therapy development. Such corre-
        policies, new process changes and tools are         lations may indicate a planned trial should be
        only implemented in compliance with these           redesigned or that an effort should be ended
        standards.                                          because it appears unlikely to garner satisfac-
                                                            tory trial results. Data may also indicate where
The Rewards/Benefits of Proactive                           ancillary development efforts could benefit
Pharmacovigilance                                           another patient population.
Developing an integrated and reshaped patient
                                                        Moving Forward
safety organization can provide significant
benefits. These include the following:                  Approaching pharmacovigilance as an enterprise-
                                                        wide business strategy still is not the norm but is
•   Reduced total cost of ownership. Having             quickly becoming so. Life sciences companies that
    uniform, global processes, systems and              embrace this shift will be able to meet near-term
    governance will allow efficient data and infor-     demands for drug safety assurances from a range
    mation capture, analysis and real-time decision     of global stakeholders. Most approved products
    making that can directly lead to reduced cost       are subjected to risk mitigation plans of some
    of operations by >30% that is a combination         sort. Simultaneously, life sciences companies are



                         cognizant 20-20 insights       4
staking out a competitive advantage in the form                                    companies will be in a better position to deliver
of more and better data, used intelligently to help                                the higher quality, lower cost products the market
evaluate and direct future clinical development                                    requires and deliver ultimately better quality of
and for post-marketing evaluation of comparator                                    life to patients.
products. The net impact will be that life sciences




About the Author
Krishnan Rajagopalan is Global Head of Cognizant’s Life Sciences BPO Business Unit. He has over
fifteen years of experience in pharmaceutical R&D, focused specifically on clinical and safety; business
and IT strategy; strategic sourcing; offshoring using a global delivery model; service management and
governance; business process mapping and reengineering; and operations improvement and training.
He has delivered complex projects and critical transformation outcomes for clients in the pharmaceuti-
cal/life sciences, financial services and consumer products industries. Prior to Cognizant, Krishnan held
various positions at PA Consulting Group, Infosys Technologies and Mitchell Madison Group. Before
pursuing a consulting career, Krishnan was a National Cancer Institute Fellow at the Harvard Medical
School. Krishnan can be reached at Krishnan.Rajagopalan@cognizant.com.



The author would like to acknolwedge the contributions of the following colleagues: Nagaraja Srivatsan,
SVP and head of Life Sciences, NA; Jeffrey Yablon, Account Principal, LS BPO; Venkat Venkataramanan;
PV Domain Competency Leader, U.S.; and Dr. Latika Sharma, PV Domain Competency Leader, India/
Europe.




About Cognizant
Cognizant (NASDAQ: CTSH) is a leading provider of information technology, consulting, and business process out-
sourcing services, dedicated to helping the world’s leading companies build stronger businesses. Headquartered in
Teaneck, New Jersey (U.S.), Cognizant combines a passion for client satisfaction, technology innovation, deep industry
and business process expertise, and a global, collaborative workforce that embodies the future of work. With over 50
delivery centers worldwide and approximately 118,000 employees as of June 30, 2011, Cognizant is a member of the
NASDAQ-100, the S&P 500, the Forbes Global 2000, and the Fortune 500 and is ranked among the top performing and
fastest growing companies in the world. Visit us online at www.cognizant.com or follow us on Twitter: Cognizant.




                                         World Headquarters                  European Headquarters                 India Operations Headquarters
                                         500 Frank W. Burr Blvd.             1 Kingdom Street                      #5/535, Old Mahabalipuram Road
                                         Teaneck, NJ 07666 USA               Paddington Central                    Okkiyam Pettai, Thoraipakkam
                                         Phone: +1 201 801 0233              London W2 6BD                         Chennai, 600 096 India
                                         Fax: +1 201 801 0243                Phone: +44 (0) 20 7297 7600           Phone: +91 (0) 44 4209 6000
                                         Toll Free: +1 888 937 3277          Fax: +44 (0) 20 7121 0102             Fax: +91 (0) 44 4209 6060
                                         Email: inquiry@cognizant.com        Email: infouk@cognizant.com           Email: inquiryindia@cognizant.com


© Copyright 2011, Cognizant. All rights reserved. No part of this document may be reproduced, stored in a retrieval system, transmitted in any form or by any
means, electronic, mechanical, photocopying, recording, or otherwise, without the express written permission from Cognizant. The information contained herein is
subject to change without notice. All other trademarks mentioned herein are the property of their respective owners.

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Pharmacovigilance: A Practical Approach to Reshaping Patient Safety

  • 1. • Cognizant 20-20 Insights Pharmacovigilance: A Practical Approach to Reshaping Patient Safety Executive Summary • Rigorous analysis, interpretation and “real- time” decision making on safety signals and Ensuring the safety and efficacy of pharmaceu- proactive remediation. ticals and biotechnology products is one of the top challenges in healthcare today. With drug • Leveraging pre- and post-marketing safety recalls continuing to make headlines, consumers patterns and insights for clinical trial design and other stakeholders across the healthcare and safety analysis to balance the risk-to- ecosystem are demanding more oversight and benefit ratio of new products, therapeutic regulators around the globe are responding to directions and early “go, no-go” decisions these pressures by increasing their scrutiny and advancing drug candidates. compliance requirements from the industry. • Allowing for convergence of the evolving regulatory environment and the integrated Despite the heightened focus on drug safety PV/safety operations and analytics into a source and the direct link between reactive safety of innovation and competitive advantage. and numerous risks to business — financial, regulatory, brand loss, etc. — many biopharma- This paper will examine the key challenges faced by ceutical companies today still have inefficient the industry, some of the practical approaches to drug safety operations and detect safety signals overcome these challenges and tangible benefits with suboptimal latency. Inefficiencies and redun- that can be realized in implementing proactive dancies in pharmacovigilance operations result pharmacovigilance as a business strategy. in higher costs and undermine efforts to signifi- cantly increase overall performance. Global Drug Safety: Key Challenges and Solution Approaches As the pharmaceutical, biotechnology and Based on our experience helping biopharma medical device industries renew their focus on companies with thorny PV challenges, we becoming lean and more effective in bringing recommend the following. safer, newer products and therapeutic value to patients in a timely manner, they must transform • Establish a safety and compliance culture. their drug safety operations. Proactive phar- Until recently, many companies have adopted macovigilance — enabled by globally integrated a piecemeal approach to managing safety process, people and technologies — can help and compliance. What is required, however, is the industry achieve its objectives. This can be a holistic vision and approach — one that accomplished by: guides the whole company towards a culture cognizant 20-20 insights | october 2011
  • 2. of compliance — that allows the staff to business risk management that is tracked understand that compliance makes good and monitored for proactive remediation. business sense. Such a cultural change cannot be brought to bear overnight and will need > Make informed and early decisions on “go, no-go” on products in the pipeline based to be implemented in a phased but timely on signals/safety analytics from launched manner. products and products in advanced clinical > Establish the “safety first” vision and studies. re-emphasize the need for proactive safety and compliance, RiskMAPs and benefits that > Implement specific actions and programs that are focused on “getting it right the can be realized with the entire team — both first time” to avoid intensive/overtime fire- internal and partners — through structured fighting work and costs. governance/communications from execu- tive and senior management. > Ensure safety risk assessment as part of Case Study >> Proactive Pharmacovigilance Business Situation: A biopharmaceutical com- delivery model. Cases are processed around the pany’s global safety organization wanted to close clock, around the world, with virtual teams of its cases within a business day, regardless of the globally-based experts and operational teams time or locale of origination. Cases were sometimes sharing data. backing up because of holidays, time differences and vacations and lack of available staff (capacity). Benefits: In collaboration with the client, we are developing a globally integrated and networked Challenge: Achieving the 24-hour resolution goal model of operating centers that are governed by apparently would require the company to invest a single leadership team and a set of innovative in new call centers, case processors and medical systems/tools. We are taking accountability for reviewers around the globe as well as virtual delivering the cases in a timely manner with tools and workflow technologies and dashboards/ increased quality and reduced cost of operations portals. The centers would be expensive to set up, across a scope of activities including case staff and operate. booking, processing, medical review and closure. Because of our participation in global clinical data Solution: The company elected instead to work management, we also can provide insights to help with us to adopt an outcome-based service the client to anticipate potential issues. A Better Approach to PV Here is how we collaborate with this client to make PV more proactive. Objective Solution 1 “Real-time” collection of appropriate data. Pre- and post-marketing safety data collection across the globe is critical. 2 Proactive analysis of “safety signals” and Allows early dissemination of information prepare robust “risk ma.nagement plan.” to patients, regulators and physicians. 3 Continuously meeting the evolving global Globally harmonized process, organization regulatory requirements. and technology. 4 Leverage automation to enable decisions Invest in seaml.essly integrated technology (workload management). with PV processes. 5 Increase operational efficiency and Ensure ability to distribute and process safety reduced cost of operations. cases globally within one business day. Figure 1 cognizant 20-20 insights 2
  • 3. Develop/refine capabilities to manage regu- • Technology. Many global life sciences enter- latory changes in “real-time.” Regulators prises find that drug safety data is collected across the globe have varying and continually in silos owned by different departments. changing reporting requirements. To operate Correlating data and signals amongst these globally, life sciences companies must meet usually incompatible systems with their lack of these requirements as well as local timelines, standardized data is often a labor-intensive, reporting formats and translation require- slow process at odds with today’s real-time ments. orientation. > A critical activity is keeping abreast of re- > Develop a centralized database that can gional regulatory changes for registration integrate disparate data and information and reporting. Life sciences companies from different sources internally, third par- need a dedicated group of analysts and ties and physicians. regulatory experts who follow evolving trends and provide guidance on class-wide > Ensure the ability to draw PV information/- insights from case report forms (CRFs) on Risk Evaluation and Mitigation Strategies a “real-time” basis, which may have signifi- (REMS), alignment between global regula- cant value on managing risks. tory agencies (ICH, EU, FDA, Japan, etc.), post-marketing data collection, integration > Implement best practice global work flow, analyti- and analysis, guidance on training, policies cal tools and dashboards Life sciences and reporting to all stakeholders. for real-time insights and companies need a • Implement globally aligned processes, decision making. comprehensive people technology and governance. • People/capability improve- capability review • Processes. To gather comprehensive data, ment. Focusing core pro- that includes their life sciences companies must manage global drug safety operations and coordination of fessional staff on mission- own expertise as well critical activities will have case processing through a “single harmonized a direct impact on cost and as complementing process” with options for local customization efficiency and the ability partners’ expertise to fit regulatory requirements. These include: to move towards “proac- that allows for a > A seamless operating model that integrates tive patient safety.” Retain- flexible and scalable case processing volumes, types and sub- ing core/strategic activities missions timelines (“demand”) with a glob- internally while leveraging staffing model with ally flexible and scalable resourcing (”ca- global partners to provide the right skills that pacity”) model, across the sponsor and the transactional/operational global partners/service providers. case handling processes can adhere to their more efficiently at high “proactive patient > Identifying drug risk profiles using pre- clinical and relevant post-marketing data quality can allow for a robust safety” vision. people strategy. (e.g., population diversity and sample size) before future clinical trials are designed. > Typical internal activities include: > Following up with subjects after comple- – Regulatory interface/submissions related, tion of trials and analysis of adverse-event- policies and reviews. related patient withdrawals. – Risk management/integrated epidemio- > Ensuring that comprehensive post-market- logical and statistical analysis, risk com- ing process including regular case handling, munication and education systems and reporting, labelling changes and active translation of pre-clinical data. querying. – Signal detection/reporting: REMS and > Signal generation, evaluation, adequate processes, complex periodic reports and trend analysis, documentation, disposition integrated review of all emerging signals. and archival. > Typical external, global partners-driven > Assessment and review of risk/benefit anal- activities include: ysis in the context of evolving risk-based understanding. – Best practice adverse event intake and harmonized processing that will allow for continuous productivity improvements. cognizant 20-20 insights 3
  • 4. – Global safety database management of continuous productivity improvements, and support. synergies between case processing and IT automation/work flow technologies, globally – Global aggregate shared governance and oversight that a reporting/PSUR process. partner can leverage. – Report templates/- • Continuous improvement, innovation and authoring tools. transformation. Applying Lean and Six Sigma principles along with customized – Medical review and quality management plans (QMP) can lead to narrative writing. measurable productivity improvements across Life sciences companies need a comprehensive case-handling processes (e.g., data entry, people capability review that includes their own coding). Selected initiatives and benefits from expertise as well as complementing partners’ such efforts include: expertise that allows for a flexible and scalable > Improving the accuracy of data entry and staffing model with the right skills that can adhere coding by 10% to 15%. to their “proactive patient safety” vision. This will also allow management of case volume fluctua- > Improving the accuracy of narratives by 30%. tions by location and therapeutic class. > Reducing the processing time for cases by • Structured governance. Leading life sciences 20% to 50%, per case type. companies are making a fundamental shift to moving drug safety and clinical development > Reducing time to write narratives by 60%. into a single functional team that has the • More collaboration and better compliance. mandate and authority to define and enact Life sciences companies with global pharma- integrated clinical and drug safety policies covigilance operations will be able to partici- and processes throughout the enterprise (IT, pate more effectively in collaborative efforts packaging, clinical operations, quality assur- with partners, academic organizations and ance and biostatistics) and with partners. This regulatory bodies on such efforts as REMS and means they must: address international regulatory initiatives on > Implement a streamlined governance struc- a proactive/reactive basis. ture that encompasses internal teams, col- • Smarter R&D decision making allowing for laborators and partners around the world safety as a competitive asset. Proactive with clearly identified forums, participants pharmacovigilance also enables life sciences (RACI) and a robust communication plan. enterprises to make better decisions about > Identify and empower a small data stan- current and planned research and develop- dardization unit to continuously develop ment activities. They can correlate incoming and manage the overall safety processes, post-market and trial signals data to related tools and data standards to ensure that product and therapy development. Such corre- policies, new process changes and tools are lations may indicate a planned trial should be only implemented in compliance with these redesigned or that an effort should be ended standards. because it appears unlikely to garner satisfac- tory trial results. Data may also indicate where The Rewards/Benefits of Proactive ancillary development efforts could benefit Pharmacovigilance another patient population. Developing an integrated and reshaped patient Moving Forward safety organization can provide significant benefits. These include the following: Approaching pharmacovigilance as an enterprise- wide business strategy still is not the norm but is • Reduced total cost of ownership. Having quickly becoming so. Life sciences companies that uniform, global processes, systems and embrace this shift will be able to meet near-term governance will allow efficient data and infor- demands for drug safety assurances from a range mation capture, analysis and real-time decision of global stakeholders. Most approved products making that can directly lead to reduced cost are subjected to risk mitigation plans of some of operations by >30% that is a combination sort. Simultaneously, life sciences companies are cognizant 20-20 insights 4
  • 5. staking out a competitive advantage in the form companies will be in a better position to deliver of more and better data, used intelligently to help the higher quality, lower cost products the market evaluate and direct future clinical development requires and deliver ultimately better quality of and for post-marketing evaluation of comparator life to patients. products. The net impact will be that life sciences About the Author Krishnan Rajagopalan is Global Head of Cognizant’s Life Sciences BPO Business Unit. He has over fifteen years of experience in pharmaceutical R&D, focused specifically on clinical and safety; business and IT strategy; strategic sourcing; offshoring using a global delivery model; service management and governance; business process mapping and reengineering; and operations improvement and training. He has delivered complex projects and critical transformation outcomes for clients in the pharmaceuti- cal/life sciences, financial services and consumer products industries. Prior to Cognizant, Krishnan held various positions at PA Consulting Group, Infosys Technologies and Mitchell Madison Group. Before pursuing a consulting career, Krishnan was a National Cancer Institute Fellow at the Harvard Medical School. Krishnan can be reached at Krishnan.Rajagopalan@cognizant.com. The author would like to acknolwedge the contributions of the following colleagues: Nagaraja Srivatsan, SVP and head of Life Sciences, NA; Jeffrey Yablon, Account Principal, LS BPO; Venkat Venkataramanan; PV Domain Competency Leader, U.S.; and Dr. Latika Sharma, PV Domain Competency Leader, India/ Europe. About Cognizant Cognizant (NASDAQ: CTSH) is a leading provider of information technology, consulting, and business process out- sourcing services, dedicated to helping the world’s leading companies build stronger businesses. Headquartered in Teaneck, New Jersey (U.S.), Cognizant combines a passion for client satisfaction, technology innovation, deep industry and business process expertise, and a global, collaborative workforce that embodies the future of work. With over 50 delivery centers worldwide and approximately 118,000 employees as of June 30, 2011, Cognizant is a member of the NASDAQ-100, the S&P 500, the Forbes Global 2000, and the Fortune 500 and is ranked among the top performing and fastest growing companies in the world. Visit us online at www.cognizant.com or follow us on Twitter: Cognizant. World Headquarters European Headquarters India Operations Headquarters 500 Frank W. Burr Blvd. 1 Kingdom Street #5/535, Old Mahabalipuram Road Teaneck, NJ 07666 USA Paddington Central Okkiyam Pettai, Thoraipakkam Phone: +1 201 801 0233 London W2 6BD Chennai, 600 096 India Fax: +1 201 801 0243 Phone: +44 (0) 20 7297 7600 Phone: +91 (0) 44 4209 6000 Toll Free: +1 888 937 3277 Fax: +44 (0) 20 7121 0102 Fax: +91 (0) 44 4209 6060 Email: inquiry@cognizant.com Email: infouk@cognizant.com Email: inquiryindia@cognizant.com © Copyright 2011, Cognizant. All rights reserved. No part of this document may be reproduced, stored in a retrieval system, transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the express written permission from Cognizant. The information contained herein is subject to change without notice. All other trademarks mentioned herein are the property of their respective owners.