New Research Finds 87% of Medtechs Lack Consistent Methods to Share Product Information Across Global Regulatory Teams
PLEASANTON, Calif., Nov. 15, 2023 /PRNewswire/ -- Most medtech companies (87%) can't seamlessly exchange product information between in-country and global regulatory assurance teams, according to the 2023 Regulatory Benchmark Report from Veeva MedTech. Without a standardized and consistent way to share documents globally, organizations can't ensure the reliability or accuracy of product information across markets. This increases compliance risk and can delay the delivery of devices and diagnostics to patients.
- Without a standardized and consistent way to share documents globally, organizations can't ensure the reliability or accuracy of product information across markets.
- A single source for regulatory documents can enable global teams to access real-time information and take proactive action.
- With this disconnected approach, regulatory teams report they often lack the evidence needed during product claim audits.
- "The research reveals a significant opportunity for medtechs to unify global regulatory information, a shift that can empower regulatory affairs with data for faster approvals."