RA Manager: The Virtual Regulatory Affairs Department
Posted 01 February 2008 | By
The pharmaceutical, biologics and medical device industries are made up of companies that range from the very small-one executive with a promising technology, a check book, and a Rolodex-to companies with more than 50,000 employees and full manufacturing capabilities. Some small companies are run as "virtual" companies; that is, there are no internal research and development or manufacturing capabilities and very limited operational support. In some cases, these companies look externally for intellectual property (IP) to develop and then out-license, sell or use to attract funding to build a larger company.