Developing IQVIA’s positions on key trends in the pharma and life sciences industries, with a focus on EMEA.
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Developing IQVIA’s positions on key trends in the pharma and life sciences industries, with a focus on EMEA.
Learn more
Developing IQVIA’s positions on key trends in the pharma and life sciences industries, with a focus on EMEA.
Learn more
Developing IQVIA’s positions on key trends in the pharma and life sciences industries, with a focus on EMEA.
Learn more
"We strive to help improve outcomes and create a healthier, more sustainable world for people everywhere.
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Reimagine clinical development by intelligently connecting data, technology, and analytics to optimize your trials. The result? Faster decision making and reduced risk so you can deliver life-changing therapies faster.
Research & Development Overview
Generate and disseminate evidence that answers crucial clinical, regulatory and commercial questions, enabling you to drive smarter decisions and meet your stakeholder needs with confidence.
REAL WORLD EVIDENCE OVERVIEW
Elevate commercial models with precision and speed using AI-driven analytics and technology that illuminate hidden insights in data.
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Orchestrate your success across the complete compliance lifecycle with best-in-class services and solutions for safety, regulatory, quality and medical information.
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When your destination is a healthier world, making intelligent connections between data, technology, and services is your roadmap.
TECHNOLOGIES OVERVIEWExplore our library of insights, thought leadership, and the latest topics & trends in healthcare.
DISCOVER INSIGHTSAn in-depth exploration of the global healthcare ecosystem with timely research, insightful analysis, and scientific expertise.
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By making intelligent connections between your needs, our capabilities, and the healthcare ecosystem, we can help you be more agile, accelerate results, and improve patient outcomes.
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Building on a rich history of developing AI for healthcare, IQVIA AI connects the right data, technology, and expertise to address the unique needs of healthcare. It's what we call Healthcare-grade AI.
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The IQVIA Human Data Science Cloud is our unique capability designed to enable healthcare-grade analytics, tools, and data management solutions to deliver fit-for-purpose global data at scale.
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The IQVIA Innovation Hub connects start-ups with the extensive IQVIA network of assets, resources, clients, and partners. Together, we can help lead the future of healthcare with the extensive IQVIA network of assets, resources, clients, and partners.
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IQVIA Decentralized Trials deliver purpose-built clinical services and technologies that engage the right patients wherever they are. Our hybrid and fully virtual solutions have been used more than any others.
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Empowering patients to personalize their healthcare and connecting them to caregivers has the potential to change the care delivery paradigm.
LEARN MOREOur mission is to accelerate innovation for a healthier world. Together, we can solve customer challenges and improve patient lives.
LEARN MORECareers, culture and everything in between. Find out what’s going on right here, right now.
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"Improving human health requires brave thinkers who are willing to explore new ideas and build on successes. Unleash your potential with us.
SEARCH JOBSWhen a company has a portfolio of promising assets in development, there are a set of difficult choices to make. Each asset has the potential to be the next ‘big product’ and has a team of excited people supporting it. How can you pick the likely winners from the losers with so many different and conflicting opinions?
Despite our best attempts at being data-based, sometimes the process can feel like buying a product online based only on a few reviews. Each person in the room presents a preview of how ‘amazing’ their asset is, and the decision is made based on how well they argue.
That approach may work when you’re only committing to a new cooking gadget, but it becomes a real problem when that decision will define your company’s future. Too often the reason for these intuition-based approaches to decision-making – such as deciding based on gut instinct, pet projects, and drawing from limited experiences – comes from a lack of access to good information. Industry information is scattered or hard to interpret, and even relevant company data from past projects is often siloed and managed by isolated teams. That means decision-makers rarely have all the information they need in one place to make the best investment decisions.
To increase your company’s chances of success, you need better data, analogues and analytics tools to draw out the right answers. This is where a lot of pharma portfolio teams fall short, putting heavy weight on instinct rather than digging deeper into the data. All this decision-making based on limited experience adds risk and uncertainty to the drug development process and is part of the reason why drugs are so expensive to develop.
With the average launched drug cost now around $2.6 billion, and an approval rate for new assets of around 12%, it’s more important than ever to get these decisions right.
Today, the best pharmaceutical companies are increasingly using a wealth of rich and nuanced real-world data to inform their critical go/no-go decisions. Taken together, this data can predict with more accuracy how long a specific drug will take to develop, how much the trials will cost, how big the target patient population will be and more. It can also tell you which of your competing projects are likely to be most influential in the market, and which will be most effective at paying back your investments in development.
Pharma companies access and analyze this data as part of their decision-making process, they can more accurately predict which drugs in their pipeline offer the most promise with the least risk. These analysis tools allow decision-makers to make ‘apples to apples’ comparisons of one molecule against another, see the impact of different scenarios on timelines, revenue potential, and market uptake, and can even leverage the power of machine learning for deeper insights.
IQVIA’s Pipeline Architect is a tool that pulls healthcare industry data from thousands of trials conducted across hundreds of indications. When users combine this industry data with their own internal data sets, they can forecast outcomes with a much higher degree of accuracy and make better portfolio selections.
In many cases, customers use the Pipeline Architect tool to find the best path forward for individual product development plans. Using the data, they can model individual project scenarios and rank various development paths to mitigate risks and maximize results.
Consider a recent project in which the client had a COPD product that had successfully completed Phase 2, but the optimal Phase 3 program budget exceeded their resources. They needed to determine which alternative development option presented the best potential path forward given time and budget constraints.
The client’s internal development team had been asked to rapidly generate alternative lower cost options to be reviewed by the internal governance body. While they were able to generate a set of revised assumptions for alternatives, they were struggling to measure the impact of those changes on the time, cost, and probability of regulatory success in the short turnaround time requested by management.
They turned to IQVIA for help. Using Pipeline Architect, IQVIA’s experts conducted a trial-benchmarking analysis across the desired indication, and within two weeks modeled 20 potential clinical development plan scenarios. They then ranked the scenarios based on expected approval date, probability of regulatory success, total development costs, and risk- adjusted NPV.
This gave the team the insights they needed to rapidly engage in a robust, data-driven discussion with their governance body, and to ultimately select the scenarios that would deliver the best potential market results.
This is just one example of how the right data and analytics transforms the selection process from an educated guess to an evidence-based decision.
So the next time you are pondering which drug candidate to invest in or the best way to move a drug through development to commercialization, move beyond evaluating which PowerPoint is the most compelling. Use the power of big data and machine learning to give you the confidence that you are making the right choice for your business.
To learn more about IQVIA’s Pipeline Architect platform click here or contact us at PipelineArchitect@iqvia.com.
Decrease clinical development costs and increase study quality using our global functional resources and flexible services, and get more value from your R&D spend.
Explore our end-to-end, full service clinical development capabilities including Therapeutics expertise, Development Planning, Phase I early clinical development, Phase IIb/III and Phase IV Trials, Regulatory Submission and Post-Launch Studies.
