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Top Benefits of Real World Evidence for Pharma Companies - Request a Proposal Now! - Quantzig

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Quantzig, a global analytics solutions provider, has announced the
completion of their latest article on the benefits
of real world evidence for pharma companies
.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180817005145/en/

Real World Evidence Driving Excellence in Pharma Companies (Photo: Business Wire)

Real World Evidence Driving Excellence in Pharma Companies (Photo: Business Wire)

As the healthcare industry is continuously developing, pharma companies
have started looking for new ways to get the best treatments for
patients. One way to reach this is with the help of real world evidence
(RWE). The use of real world evidence in pharma companies refers to the
analysis of the clinical data that is resulting from many databases of
healthcare companies. Studying this data helps attain a better
understanding of how they can relate to more traditional clinical
endpoints and also classify the long-term benefits of a product.

Request
a proposal
to know more about our digital analytics solutions.

According to the analytics experts at Quantzig,
"One of the key high points of real world evidence is that it
will not only tap increasing volumes of data but weave together
different sources of data."

Benefits of real world evidence for pharma
companies

  • Outcomes based on larger data samples: Real world evidence uses
    medical data gathered from tens of thousands of patients in real time
    as opposed to the narrower and smaller range of patients who
    classically participate in traditional clinical trials. Other than
    EHRs and medical data, data sources can be as diverse as social media,
    patient forum, and doctors' notes. This gives a massively larger and
    more precise data sample on which medical professionals can base their
    assumptions and determine the efficiency and ROI of a medication. Request
    a demo
    to know more about the benefits of real world
    evidence for pharma companies.
  • Accelerate time to market: The use of real world evidence in
    pharma companies can help drive potential product development with
    near actual feedback on market necessities. This will help life
    sciences organizations to promptly pinpoint the most promising avenues
    of research, both scientific and commercial potential. Depending on
    this approach also decreases situations of false start and the
    development of orphan drugs that have limited clinical application. Get
    in touch
    to know more about real world evidence in pharma
    companies.
  • Proactive response to adverse developments: The use of real
    world evidence in pharma companies helps in assembling real-time
    post-trial information about a drug which helps providers and
    researchers to quickly find the negative reactions, side-effects, and
    medication errors related with the drug. This helps in controlling the
    potential harm caused by the drug. The information collected can also
    be used to enhance recommendations for how to best use a particular
    medication.
  • Visit our
    page
    , to view the comprehensive list of the benefits of
    real world evidence for pharma companies.

Quantzig is a pure-play analytics advisory firm concentrated on
leveraging analytics for prudent decision making and offering solutions
to clients across several industrial sectors.

Request
a proposal
to see how Quantzig's solutions can help you.

View the complete list of the benefits of real world evidence
for pharma companies:
https://www.quantzig.com/blog/real-world-evidence-pharma-companies

About Quantzig

Quantzig is a global analytics and advisory firm with offices in the US,
UK, Canada, China, and India. For more than 15 years, we have assisted
our clients across the globe with end-to-end data modeling capabilities
to leverage analytics for prudent decision making. Today, our firm
consists of 120+ clients, including 45 Fortune 500 companies. For more
information on all of Quantzig's services and the solutions they have
provided to Fortune 500 clients across all industries, please contact us.

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