Clarkston Life Science SME Shares Guest Column on Clinical Supply Chain Management
October 2, 2023 | Clarkston Consulting’s Janel Firestein was recently featured as a guest columnist with Clinical Leader for perspectives on clinical supply chain management. Read a short excerpt from the piece below or the full article here.
7 Improvements in Clinical Supply Chain Management Your CFO Will Love
“The right dose of the right medicine delivered to the right patient at the right time… and at the right cost.” This is the ultimate objective that every drug supply chain strives to achieve, be it commercial or clinical. New drug development is a time-consuming and expensive process. In many cases, supply chain excellence represents even greater strategic significance for R&D organizations, as it enables successful planning and execution of complex clinical trials and ensures on-time milestone achievements. This, in turn, accelerates speed to approvals for novel and breakthrough medicines and enhances the quality of patient life – especially in those therapeutic areas where treatment is currently unavailable. A well-run supply chain also reduces cash burn throughout the costly clinical development cycle and helps free up cash to fund additional promising pipelines.