Articles

Completing the picture with regulatory information management

Pharmaceutical companies depend on data to bring products to market, but companies struggle to cohesively and coherently manage all that data and all that information.
Written byGillian King & Joel Finkle
| 6 min read

Data, data and more data. Pharmaceutical companies depend ondata to bring products to market, but companies struggle to cohesively andcoherently manage all that data and all that information. In response,regulatory information management (RIM) has come to the fore, and companies arerecognizing its value—at least in terms of how companies communicate withregulatory authorities. But exactly what RIM is and how it fits into thebroader scheme of managing products and submissions is perhaps less wellunderstood.

RIM is the method of bringing together all of the pieces ofinformation and data that tell a product's complete story. But it's not usedsimply to collect information or have a nice picture of data; rather, thepurpose is to help companies achieve two things: to stay in compliance withhealth authorities' requirements and to make well-considered commercialdecisions around a product and the portfolio.

Drivers to betteroversight

A few years ago, the concept of regulatory tracking appearedon companies' radars, but there wasn't necessarily a clear understanding as towhy tracking was a good idea. With changes in the regulatory and commerciallandscapes, companies realize they need a better way to track—and, moreimportantly, manage—critical regulatory information.

First, the need for better oversight of regulatoryinformation must be seen in the context of the regulatory authorities' sharpfocus on safety. Health authorities have become far more risk averse, andcompanies need to demonstrate compliance with the regulations. With that comesa whole raft of data and the need to track that data. Perhaps the mostprominent example of legislation designed to provide agencies withmore-extensive pharmacovigilance information is the European Medicines Agency'sEudraVigilance Medicinal Product Dictionary (EVMPD) mandate. The EVMPD is theEuropean Medicines Agency's central database of what products are registeredwhere. On July 1, 2011, the agency issued a legal notice based onpharmacovigilance legislation requiring that every company submit EVMPD data byJuly 2, 2012, for its every product authorized in the European Union.

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