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Digital Transformation of the Drug Manufacturing Process

Bringing new pharmaceuticals to market is a slow, laborious, and costly process. Studies show that a single drug or vaccine may take 10 to 15 years and up to $2.5 billion to formulate, study, test, and produce — and just one in eight drugs receives regulatory approval. As the COVID-19 pandemic made clear, these timelines, costs, and low approval rates are unsustainable. For companies, it means lost revenue and wasted time, but for patients, it could be a matter of life or death.

Healthcare

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