R&D Process reengineering at FAES FARMA
COLLABORATION FAES FARMA and NL42: BUSINESS PROCESS RE-ENGINEERING PROJECT IN THE R&D DEPARTMENT
Faes Farma, a Spanish pharmaceutical company founded in 1933, with a strong presence in Spain and Portugal and a growing international presence, currently totalling 45 countries and exporting raw materials and finished pharmaceutical products to more than 60 countries.
As a result of its commitment to pharmaceutical research, Faes Farma can highlight the recent launch of an antihistamine molecule –Bilastine-, commercialised in Spain since 2011, currently marketed in more than 75 countries and undergoing registration procedures for commercialisation in markets as important as Japan and Canada.
As a result of all this activity, 2014 was an excellent year in economic terms, with a total turnover exceeding 198 million euros and net profit amounting to 25.3 million euros, a historic record for Faes Farma.
At the beginning of September 2014, a new strategic initiative called FAES2020 has been launched defining the main R&D+i strategic objectives for the next 5 years, among which are the development of 20 new drugs before the end of 2020.
Focusing on the FAES2020 objectives, NL42 is running a complete business process re-engineering by reviewing the R&D Department processes, procedures and informatics tools.
Business Process Reengineering involves the radical redesign of core business processes to achieve dramatic improvements in productivity, cycle times and quality. In Business Process Reengineering, companies start with a blank sheet of paper and rethink existing processes to deliver more value to the customer. They typically adopt a new value system that places increased emphasis on customer needs. Companies reduce organisational layers and eliminate unproductive activities in two key areas. First, they redesign functional organizations into cross-functional teams. Second, they use technology to improve data dissemination and decision making.
Additionally, NL42 is supporting the whole process of laboratory informatics tools selection that should support actual and future needs of the FAES R&D department