Managing Concerns and Complexities with Drug Pricing and Contracting Regulatory Compliance

It’s no secret that pharmaceutical companies conduct some of the strictest compliance practices when compared to other industries – whether it’s evaluating through the clinical, medical or promotional aspects of the business. Getting new products approved is a rigorous undertaking including clinical studies, complex submissions and lengthy discussions with government authorities before the new product can reach consumers. Strict guidelines towards medical practitioners also exist, after the spotlight was put on pharmaceutical companies doling out lavish gifts for decades to doctors, in order to build awareness of new or competing products.

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