Pharmaceutical
Legal-Grade™ AI for the Pharmaceutical Sector
Pharmaceutical businesses around the world are implementing Luminance’s AI to ensure compliance, optimize efficiency and drive innovation.
Against a backdrop of increasingly stringent regulatory requirements, evolving market dynamics and heightened customer expectations, Luminance’s AI offers invaluable support to companies operating in the Pharmaceutical sector by enhancing regulatory compliance and streamlining contract management. By improving efficiency, productivity, and quality across pharmaceutical operations, Luminance helps to drive innovation and safeguard patient welfare in a rapidly evolving industry landscape.
Bringing the Power of Legal-Grade™ AI to the Pharmaceutical Sector
Navigate Quality Assurance & Risk Management
- Ensure adherence to evolving pharmaceutical regulations using Luminance’s AI-powered contract review, both pre- and post-execution
- Identify potential liabilities or deviations from standard practices, with analysis of all contracts within Luminance’s AI-powered repository
- Guarantee product quality, with granular insight into agreements, ensuring compliance and standardization from research and sourcing to production
Maximise Commercial Competitiveness
- Extract business-critical data, such as termination dates and contractual obligations, from high-volume, high-value agreements to inform decisions
- Track KPIs to measure product success and inform commercialization strategies
- Centralize and track supply chain requirements for pharmaceutical materials and products to ensure quality and compliance
- Proactively spot potential revenue risks, trends and opportunities with Luminance’s anomaly detection tools and automatic alerts
Streamline Global Operations
- Facilitate collaboration between international organizations, harnessing Luminance’s language- and jurisdiction-agnostic capabilities to negotiate contracts from around the world
- Enable seamless communication and document sharing within the organization to accelerate time to signature and optimize resource allocation
- Improve transparency and accountability in collaborative agreements through centralized data access and Luminance’s Workflow Editor
The ability to identify any issues with incoming contracts in real-time is key.
20k contracts analysed in just 20 minutes compared to weeks manually
Read The IDEXX Case Study
