Technology Transfer as a Global Health Initiative

In the exploitation of pharmaceutical products, technology transfer is commonly adopted in bringing a pharmaceutical product to the market.

In the exploitation of pharmaceutical products, technology transfer is commonly adopted in bringing a pharmaceutical product to the market. Usually, tech transfer involves creating legal relationships by the owner of technology or the holder of licensed rights to exploit the technology with a technology transfer partner. The partner is granted the transfer rights by the technology owner. Usually, technology transfer services are legal contacts bound by various agreements such as confidentiality agreement and material transfer agreement. All the parties involved in the process must be willing to work together and also honor the various terms of the agreement for success.

In the pharmaceutical industry, technology transfer is considered as a collaborative approach to improve global health. Low and middle income countries benefit a lot from technology transfer services. Through technology transfer, developing countries are able to access knowledge, experience and equipment related to advanced and innovative industrial products and processes.

There is no better method to bridge the Research and Development (R&D) and access gap in developing countries than through technology transfer. Some of the factors that may reinforce technology transfer services include political stability and good economic governance, availability of skilled workers, strong intellectual property rights as well as effective enforcement and quality relationship between the parties involved in technology transfer. The parties involved must be able to work together for long periods of time. Teamwork is a key ingredient for effective technology transfer services while disunity is a key impediment to success.

Apparently, technology transfer is more than simply handing over technology. The transfer of R&D pharmaceuticals occurs through many channels. There are various elements of technology transfer package and they include transfer of physical objects. Physical objects such as equipment for use in research laboratories and manufacturing equipment can be handed over to the recipient by the company offering technology transfer services.

The technology transfer services also feature skills and human aspects of technology management and learning. For instance, a training course for researchers may be organized where the personnel are equipped with vast technical know how and skills regarding pharmaceuticals. This is one of the most effective methods of tech transfer; the recipients are able to master the various pharmaceutical processes and procedures.

In addition, technology transfer involves handing over of techniques, organizational and procedural knowledge needed to operate a given technology relating to pharmaceutical products. The main goal for tech transfer in pharma is to promote health and social development through spreading of scientific knowledge.

The pharmaceutical industry just like other industries is dynamic and keeps evolving with time. In the past, the concept of technology transfer was a new aspect to many companies. Currently, many pharmaceutical industries have not only understood but have also adopted the concept hence the popularity of technology transfer services. The most important factor for successful technology transfer is maintaining of open lines of communication. By transferring technology, companies can be able to maximize output, save on cost and gain a competitive advantage over other companies. The complex and time consuming drug development process can be a lot simpler if the concept of tech transfer is adopted.

Resources:
Ian Moore is the author of this article on Technology transfer.
Find more information on Technology transfer services here

Author: Ian Moore.

This author has published 2 articles so far. More info about the author is coming soon.