More companies are aligning regulatory processes and systems to drive
greater efficiency and productivity
PHILADELPHIA--(BUSINESS WIRE)--
Today at the Drug Information Association’s (DIA) Annual Meeting, Veeva
Systems (NYSE:VEEV) announced broad industry adoption of its regulatory
information management (RIM) solutions, Vault
Registrations, Vault
Submissions, and Vault
SubmissionsArchive. More than 55 life sciences companies – including
20 since the Veeva
Vault RIM suite was announced late last year – have adopted Veeva’s
RIM solutions for a single authoritative source of content and data to
improve regulatory operations and compliance.
Life sciences companies are struggling with highly fragmented regulatory
information environments where each region or affiliate maintains
information in multiple systems and spreadsheets, resulting in duplicate
data, documents, and effort. However, recent industry research finds
those with unified RIM systems for headquarters and affiliates have
better process integration, reduced time to submission, and higher user
productivity.1
Veeva is helping organizations unite submission documents, published
dossiers, product registrations, and health authority interactions with
a single authoritative source for all regulatory information. Adoption
of Veeva Vault RIM is on the rise as companies look to streamline
regulatory processes, improve data quality, and respond more quickly and
accurately to health authority inquiries.
“The Veeva Vault RIM suite of applications has helped our regulatory
operations team achieve optimal efficiency,” said Daniel Takefman, head
of regulatory affairs at Spark Therapeutics. “The ability to have a
fully integrated, real-time view of regulatory processes has helped us
improve efficiencies while maintaining compliance for records
management. We’ve greatly improved alignment across our entire
organization.”
“The concept of a unified suite of RIM applications is gaining momentum
as customers seek greater visibility and global alignment across
regulatory activities and a growing ecosystem of stakeholders,” said
John Lawrie, vice president of Veeva Vault RIM. “With a single source of
truth for regulatory content and data, life sciences companies are
achieving productivity and efficiency gains across their organizations.”
Veeva Vault RIM is part of Veeva Vault, a cloud-based content management
platform and suite of applications that provide a single source of truth
to reduce complexity and increase business agility. Traditionally,
companies have had to deploy multiple applications to manage content and
the associated data. Veeva Vault is the only content management platform
with the unique capability to manage both content and data so that life
sciences companies can eliminate system silos and manage end-to-end
regulatory processes and content.
Further industry trend data on the impending change ahead for regulatory
is available in today’s
infographic. To hear about how leading life sciences companies are
managing regulatory events and unifying RIM, join the DIA Innovation
Theater session: “The Great RIM Throwdown! How Are You Managing
Regulatory Events?” on Tuesday, June 28 at 1:20 p.m. in Exhibit Hall B,
at the DIA 2016 Annual Meeting.
In related news today at DIA, Kinapse selected Veeva Vault Submissions
for authoring and managing regulatory submissions content. Read the full press
release here. Veeva also released the latest findings of the Veeva
2016 Paperless TMF Survey, which shows that eTMF application use
has doubled amid the industry-wide drive to improve inspection readiness
and shorten clinical trial time. A presentation on the full research
findings will be given at DIA on Tuesday, June 28 at 3:25 p.m. in the
Innovation Theater, Exhibit Hall B.
Additional Information
For more on Veeva Vault RIM, visit: veeva.com/RIM
For more on the Veeva suite of clinical products, visit: veeva.com/regulatory
Stay updated on the latest Veeva news on LinkedIn: linkedin.com/company/veeva-systems
Follow @veevasystems on Twitter: twitter.com/veevasystems
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About Veeva Systems
Veeva Systems Inc. is a leader in cloud-based software for the global
life sciences industry. Committed to innovation, product excellence, and
customer success, Veeva has more than 400 customers, ranging from the
world's largest pharmaceutical companies to emerging biotechs. Veeva is
headquartered in the San Francisco Bay Area, with offices in Europe,
Asia, and Latin America. For more information, visit www.veeva.com.
Forward-looking Statements
This release contains forward-looking statements, including the market
demand for and acceptance of Veeva’s products and services, the results
from use of Veeva’s products and services, and general business
conditions, particularly in the life sciences industry. Any
forward-looking statements contained in this press release are based
upon Veeva’s historical performance and its current plans, estimates,
and expectations, and are not a representation that such plans,
estimates, or expectations will be achieved. These forward-looking
statements represent Veeva’s expectations as of the date of this press
announcement. Subsequent events may cause these expectations to change,
and Veeva disclaims any obligation to update the forward-looking
statements in the future. These forward-looking statements are subject
to known and unknown risks and uncertainties that may cause actual
results to differ materially. Additional risks and uncertainties that
could affect Veeva’s financial results are included under the captions,
“Risk Factors” and “Management’s Discussion and Analysis of Financial
Condition and Results of Operations,” in the company’s filing on Form
10-Q for the period ended April 30, 2016. This is available on the
company’s website at veeva.com
under the Investors section and on the SEC’s website at sec.gov.
Further information on potential risks that could affect actual results
will be included in other filings Veeva makes with the SEC from time to
time.
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1 Steve Gens, Pursuing World Class RIM: Strategy, Measures
and Priorities (Gens & Associates: May 2016)
View source version on businesswire.com: http://www.businesswire.com/news/home/20160627005653/en/
Source: Veeva Systems Inc.