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Preventing drug shortages with supply chain risk assessment.
April 19, 2024
By: Charlie Sternberg
The pharmaceutical industry faces a mounting challenge in the form of drug shortages, particularly for sterile parenteral products. This poses substantial risks to patients, healthcare providers, and the industry itself. According to David Shenberger, Vice President, Strategic Development, at CAI, the main drivers behind drug shortages include supply chain interruptions, increased demand, market withdrawals, limited flexibility to increase production to meet demand, and quality-related issues. Quality-related issues, such as regulatory approval delay, API production delay, reduced yield due to development, and legacy product site transfer delay, are the leading drivers behind shortages. Supply chain disruptors, including global events, material shortages, financial instability, site events (such as labor unrest), or local events (weather), are other key reasons for drug shortages. What is the best way to avoid drug shortages? According to Shenberger, a resilient supply chain ensures the availability and safety of essential medicines, which is where drug availability risk assessment becomes indispensable.
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