SOURCE: Xtalks

Xtalks Webinars

November 20, 2015 08:29 ET

Local Sourcing For Clinical Trials -- Overview and Challenges, New Webinar Hosted by Xtalks

TORONTO, ON--(Marketwired - November 20, 2015) - On Thursday, December 3, 2015, industry expert Jason Nolte, Comparator Key Account Manager at Fisher Clinical Services, will help attendees understand the surprising ways on how local sourcing can offer unique benefits to their clinical program. With practical local sourcing case study examples, which include countries like Ukraine, China, Japan and Russia the challenges and solutions on how to avoid pitfalls when implementing a local sourcing approach will be discussed.

The volume, size and complexity of clinical trials in emerging markets are continuously growing. Therefore the demand for local sourcing of comparator drugs is soaring, putting supply chain professionals under pressure to source sufficient quantities under tight timeframes while keeping up the highest quality level.

While the growing demand for local sourcing is easy to explain, meeting the demand is not quite so straightforward. Compared to central sourcing, local sourcing can be much more complex. Many programs today involve upwards of 30 countries and multiple protocols. Maintaining high quality standards across 30 countries and following the constantly changing regional laws and regulations can be also challenging and needs profound expertise. Not only in the quality and sourcing aspect but as well as the compliance to local tax regulations always requires consideration when the comparator is locally sourced and will not leave the country.

Clinical supply teams considering local sourcing for clinical trials face a whole host of new questions. For instance, when to consider local sourcing and when not? What has to be considered when building up the sourcing strategy? What are the key processes for local sourcing?

When it is available locally, comparators can be less expensive to source in emerging markets than in the European Union or North America. But, the cost of comparators can be also higher locally than in Europe. Furthermore, volatile currency values -- stemming from economic or political instability -- can cause costs to go up or down rapidly. This significantly raises the likelihood of price increases for resupplies.

Join Jason Nolte on Thursday, December 3, 2015 at 11am EST (4pm GMT). For more information about this complimentary online event, visit: Local Sourcing for Clinical Trials -- Overview and Challenges

Xtalks, powered by Honeycomb Worldwide Inc., is a leading provider of educational webinars to the global Life Sciences community. Every year thousands of industry practitioners (from pharmaceutical & biotech companies, private & academic research institutions, healthcare centers, etc.) turn to Xtalks for access to quality content. Xtalks helps Life Science professionals stay current with industry developments, trends and regulations. Xtalks webinars also provide perspectives on key issues from top industry thought leaders and service providers.

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