Essential Compliance Services Provide Regulatory Teams with Expert Consulting, Deep Data on 52 Nations, Individual Country Reports, Database Access and E-Learning
Princeton, NJ – May 15, 2015 – inVentiv Health, a global provider of best-in-class clinical development and comprehensive commercialization services, today announced a significant expansion of compliance products and services to assist biopharmaceutical companies conducting non-interventional studies (NIS) in any of 52 countries around the world. Clients of the new services will have access to an NIS Regulatory Intelligence Database, the first of its kind.
The announcement comes one year before the European Union (EU) implements the first major change in clinical trial regulation in 15 years. The new regulation - EU No 536/2014, adopted last year and scheduled to take effect in May 2016 - repeals a previous EU Directive governing clinical trials.
The new regulation is expected to spark considerable confusion around the conducting of non-interventional trials (also known as observational studies). The confusion is likely to arise over the many questions remaining around vague regulatory language, as well as the need for every EU country to review and alter existing national regulations to assure alignment with EU regulation. The new regulation also creates an entirely new category of trial with its own compliance requirements.
The complexity of the regulatory landscape in Europe over the next few years requires that companies take measures now to prepare. Organizations that expect and prepare for a regulatory environment in flux will be more likely to marshal their resources, call in experts and be aware of the specific, potential pitfalls to be avoided. inVentiv Health’s compliance services is an essential resource in such preparation.
“The impending regulatory change is happening at the very moment when real-world data from non-interventional studies has never been more important,” said Lynn Okamoto, Executive Vice President of Late Stage, inVentiv Health Clinical Division. “Data obtained from patients in real-life conditions is now essential for building the evidence required by payers for payment and reimbursement decisions.”
Okamoto said inVentiv Health’s new compliance offering should be an enormous asset for pharmaceutical companies navigating changing EU law.
The new services will be of use to pharmaceutical company executives working in Regulatory Affairs, Medical Affairs, QA Auditing, Project Management, Pharmacovigilance or anyone involved in the design or conduct of non-interventional studies (NIS) who require detailed, country-level information to assure compliance and reduce business risks.
A series of proprietary inVentiv Health resources are now available and include:
“Confusion over new regulation makes it increasingly difficult to satisfy the first order of regulatory compliance: knowing the rules with which you need to comply,” said Stuart McCully, Vice President, Late Stage Support Services, inVentiv Health Clinical Division. “How a study is classified directly and significantly impacts which regulations must be followed, so getting this right is essential for research sponsors, financially and legally.”
McCully will be available to answer questions about the expanded services later this week at the 20th Annual Meeting of ISPOR, the International Society for Pharmacoeconomics and Outcomes Research in Philadelphia.
About inVentiv Health
inVentiv Health is a global provider of best-in-class clinical development and comprehensive commercialization services, seamlessly linking the capabilities of a leading, global Clinical Research Organization (CRO) with a unique Contract Commercial Organization (CCO). inVentiv Health helps clients improve performance, reduce risk and speed much-needed therapies to market. With 13,000 employees providing services to clients in 70 countries, our global scale and broad expertise make us an attractive strategic partner for companies developing and delivering medicines in a complex operating, regulatory and reimbursement environment. Our clients include more than 550 life sciences companies, including all 20 of the largest biopharmaceutical companies in the world. inVentiv Health, Inc. is privately owned by inVentiv Group Holdings, Inc., an organization sponsored by affiliates of Thomas H. Lee Partners, L.P., Liberty Lane Partners and members of the inVentiv management team.
inVentiv Health brings business strategy to science and scientific expertise to business for the better treatment of patients worldwide. For more information, visit http://www.inVentivHealth.com.
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