AI-Driven Innovations in Healthcare: Improving Diagnostics and Patient Care
Abstract
The successful launch of a new drug in the pharmaceutical industry hinges not only on scientific advancements but also on navigating the intricate landscape of regulatory compliance. This research paper delves into the critical aspect of licensing requirements associated with introducing a new drug to the market and evaluates the preparedness of Enterprise Resource Planning (ERP) systems to address these regulatory demands. By examining the regulatory frameworks governing pharmaceutical licenses and leveraging insights from industry practices, the study aims to identify the key licenses essential for a new drug launch. Simultaneously, it assesses the capability of ERP systems in streamlining and ensuring compliance with these requirements. Every time a new drug is introduced in the market, there will be certain licenses to be obtained and assigned to the master data. At Master Data Level, below licenses are required,
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References
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