subject: The Scope Of Regulatory Affairs Professionals [print this page] Pharmaceutical jobs are available in different sections of the industry and a regulatory affairs unit is one of the integral aspects of the research and development efforts of a pharmaceutical company and helps to ensure that a proper market for the medicines is developed. In fact, the regulatory affairs department of a pharmaceutical business operates with the intention of getting the products to the market after ensuring that they are fit for human consumption and thus are commercially viable. This needs to be done in minimum time and ensuring that minimum expenses are incurred.
The world has indeed become a global village in the recent times and each and every company is trying its best to launch its new range of products in the market. Each of them intends to gain a sizable share of the market and thus increase their earnings. In such a situation, even a small delay in acquiring access to the market may translate into substantial losses for the company when it comes to the amount of revenue generated and the market share.
With the changes that govern global regulatory norms, it appears that outsourcing the regulatory affairs tasks comes across as a favourable option, both in terms of money and time. In fact it turns out to be that a substantially large regulatory affairs department can be extremely expensive. Also the scope of knowledge is also limited to certain sections. On the contrary, regulatory affairs professional needs to keep himself/herself updated. They need to oversee the fact that the medicines and the diagnostic tests are carried out in compliance with regulatory affairs contract. The regulatory professionals possess the necessary experience to speed up the process of approval.
There are several regulatory affairs professionals who extend these services through their staff, both in small scale and large scale pharmaceutical firms. The large firms extend a wide range of services under one roof and cater to clients who are spread across different parts of the globe. On the other hand, the small regulatory firms specialise in one or other aspect of the regulatory affairs business, such as agency contacts, compiling dossiers and analysis.
The established firms in the business extend a wide variety of services. These include:
Providing extensive knowledge in case of scientific and regulatory affairs
Providing support and knowledge when it comes to dealing with the local regulatory authority
Development and implementation of regulatory strategies that are at par with the international standards set in the field.
Providing solutions to queries made by the chief regulatory body in the state.
Making a compilation of the regulatory application meant for submission to different regulatory bodies across the world.
Providing easy access to a rich technical and scientific resource
A regulatory firm can certainly increase the pace at which the submission process takes place. But this is certainly not possible in a scenario where there is no active participation from the customers end. It is important that the companies appoint the right regulatory professionals so that the task can be carried out effectively.
