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Due Diligence in the Life Science Industry By Alma Mich or, PhD, RAC38July 2009Due diligence is the act of reviewing information to ascertain the value of data presented by checking for compliance
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The life science industry is comprised of companies that are involved in researching, developing, manufacturing, and commercializing products and services related to healthcare, pharmaceuticals, biotechnology, and medical devices.
Companies within the life science industry are required to file reports to regulatory authorities such as the FDA or EMA.
To fill out reports for the life science industry, companies must compile and submit data on their products, research findings, clinical trials, and any adverse events.
The purpose of the life science industry is to advance the field of healthcare by developing new treatments, medications, and technologies to improve patient outcomes and quality of life.
Information that must be reported on the life science industry includes product efficacy, safety data, manufacturing practices, clinical trial results, and adverse event reports.
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