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The industry is highly competitive, with multiple companies competing in developing similar therapies. It might be difficult to distinguish out and retain a unique value proposition in this competitive landscape. To stay ahead, it is also critical to stimulate continual innovation
Designing and conducting clinical trials that generate reliable and meaningful data can be challenging to manage. Here are some of the major concerns of patient recruitment, trial protocols, and endpoints that can also impact the success of a trial. Failures in clinical trials can lead to setbacks and resource wastage
Successful drug development often requires collaboration between various disciplines, including biology, chemistry, and medicine, engineering, and data science. Facilitating effective communication and collaboration among experts from different fields can be a challenge
Developing new drugs and therapies is an expensive and time-consuming process. Research and development (R&D) costs can be substantial, and it often takes many years for a new drug to progress from discovery to market
To work in R&D or in a drug manufacturing plant, the talent workforce is very critical to hire and retain. People bring in the productivity that is sometimes hard to find in a responsible position
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