How Technology Helps Life Sciences Companies Prepare For Commercialization

By William Tamulynas

After years of research, development, trials, and testing, the final step for most life sciences companies is commercialization. By commercializing your discovery, your business can distribute your life-saving product to the masses and begin to profit from your hard work.

However, moving from the clinical trial phase to commercialization takes time, and the process requires more than just FDA approval. For instance, if you develop and distribute your product in-house, you must have a plan for handling manufacturing, sales, inventory and order management. Likewise, if you plan to eventually sell your business, you must carefully prepare your company’s finances and documentation to meet government regulations and entice investors.