Techdee
No Result
View All Result
Thursday, October 19, 2023
  • Home
  • Business
  • Tech
  • Internet
  • Gaming
  • AI
    • Data Science
    • Machine Learning
  • Crypto
  • Digital Marketing
  • Contact Us
Subscribe
Techdee
  • Home
  • Business
  • Tech
  • Internet
  • Gaming
  • AI
    • Data Science
    • Machine Learning
  • Crypto
  • Digital Marketing
  • Contact Us
No Result
View All Result
Techdee
No Result
View All Result
Home Business

Why Should Emerging Biotech Companies Choose an In-House eTMF?

by msz991
May 17, 2023
in Business
4 min read
0
eTMF
160
SHARES
2k
VIEWS
Share on FacebookShare on Twitter

In the U.S., many agencies and regulations oversee the development of new drugs and healthcare treatments. When these new products reach a certain stage, developers must conduct clinical trials before they can receive approval to distribute the products. These trials produce vast amounts of data, which must be readily available to those conducting the trials, regulatory agencies, and sponsors.

Developers might conduct a single clinical trial simultaneously in multiple locations, creating a need for centralized, streamlined, and secure data collection methods. Today’s technology provides platforms well-suited to clinical trial data needs.

Table of Contents

  • What Is an eTMF?
  • Why Should You Bring Your eTMF In-House?
    • Reduce Sponsor Risks
    • Use Real-Time Advantages
    • Keep Systems Secure
    • Standardize Processes
    • Integrate With Your Existing Software
    • Ensure Timely Submission

What Is an eTMF?

Every clinical trial must maintain an electronic trial master file (eTMF) which biotech firms can host in-house or through a clinical research organization (CRO). An eTMF contains all required clinical trial documentation.

Your eTMF must be:

  • Secure
  • Authentic and unaltered
  • Compliant
  • Audit-ready

Newer biotech companies may not have the resources they can dedicate to managing their eTMF.

Fortunately, platform developers have focused on the unique clinical trial documentation requirements for companies in the biotechnology and pharmaceutical industries. You can now host your eTMF in-house using platforms designed to facilitate an eTMF for emerging biotech companies.

Why Should You Bring Your eTMF In-House?

While using a CRO is a viable option, it has limitations. You’ll realize multiple benefits from hosting your eTMF yourself.

Reduce Sponsor Risks

Sponsors are ultimately responsible for the procedures used, quality control, and accuracy of their clinical operations. However, using a CRO often limits a sponsor’s system access. The resulting delays in retrieving information present a risk to the sponsor.

You May Also Like  8 Tips To Start a New Business

Clinical trials and traditional eTMF software also require sponsors to make significant financial investments. Emerging and growing biotechs don’t necessarily have the funds or the need for a full-scale eTMF package, and until recently, their only option was subcontracting to a CRO.

Using a scalable eTMF platform grants constant access while reducing financial exposure.

Use Real-Time Advantages

Collaborating in real-time is potentially challenging when clinical trials occur in multiple locations. However, your eTMF can allow real-time document and data sharing so authorized participants can work together easily.

Sponsors and other clinical trial overseers can use real-time data to stay abreast of:

  • Workflows
  • Timeliness and potential delays
  • Quality
  • Progress
  • Results

Not only does real-time access promote teamwork, but it also provides vital data for informed decision-making and compliance.

Keep Systems Secure

Your eTMF should protect your clinical trial data and intellectual property using:

  • Safeguards to prevent unauthorized data transfers
  • Internal and external threat management tools
  • Data classification systems to ensure privacy
  • User access tracking

Today’s eTMF solutions also allow organizations to manage user access permissions.

Standardize Processes

As biotech companies grow, so do the number of their clinical trials and the amounts of data these trials produce. For every trial, you need to maintain extensive documentation, including:

  • Audit: audit results and onsite visits
  • Ethics: protocol approvals and amendments
  • Funding: budgets, negotiations, and contracts
  • Participants: patient journals, brochures, and recruitment materials, and informed consent forms
  • Safety: serious adverse event reports and advisories
  • Study: investigator’s brochure, protocols, manuals, procedures, and visit guidance
  • Training: materials, supporting content, and certificates
You May Also Like  Register Company In Singapore - Documents & Key Factors

Documents may exist in multiple forms, including emails, meeting records, lab reports, and videos. Having a central repository that can classify, sort, track, and retrieve all documents effectively and developing a set of standardized processes using a powerful eTMF makes it easier to enter and find data across all of your company’s studies and trials.

Integrate With Your Existing Software

Companies today rely on multiple software applications to facilitate their business needs. When you add a new application, you must ensure it integrates seamlessly with your existing software package.

Typical apps include:

  • Google Workspace or Microsoft Office
  • Email
  • DocuSign
  • Teams or Zoom
  • Industry-specific apps

Your research site typically houses most of the documents included in an eTMF. Integrating this data with your eTMF platform allows sponsors to view it.

Ensure Timely Submission

Regulatory agencies have specific requirements for clinical trials and the resulting eTMF. Waiting for subcontracted CROs to compile and complete your eTMF can take months. During that delay, needy patients cannot access your new product, and other companies may reach the market first with a similar product.

Using an in-house eTMF gives sponsors more control of the final file assembly, submission process, and status.

Growing biotech companies gain flexibility and control by using a scalable, in-house eTMF.

Follow Techdee for more!

Previous Post

3 Ways Skilled Workers Can Ease Inflation’s Sting

Next Post

5 B2B Content Marketing Examples That Can Help You Grow And Engage Your Audience.

Next Post
5 types of content every small business should be publishing--

5 B2B Content Marketing Examples That Can Help You Grow And Engage Your Audience.

Making Your Warehouse Operations as Efficient as Possible

Factors to Consider When Leasing a Warehouse

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Write for us

write for us technology

About

Techdee is all in one business and technology blog. We provide latest and authentic news related to tech, marketing, gaming, business, and etc

Site Navigation

  • Home
  • Contact Us
  • Write for us
  • Terms and Condition
  • About Us
  • Privacy Policy

Google News

Google News

Search

No Result
View All Result
  • Technoroll
  • Contact

© 2021 Techdee - Business and Technology Blog.

No Result
View All Result
  • Home
  • Business
  • Tech
  • Internet
  • Gaming
  • AI
    • Data Science
    • Machine Learning
  • Crypto
  • Digital Marketing
  • Contact Us

© 2021 Techdee - Business and Technology Blog.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.