In the Pharmaceutical industry, technology transfer refers to processes that are needed for successful progress from drug discovery to its commercialization.

In the Pharmaceutical industry, technology transfer refers to processes that are needed for successful progress from drug discovery to its commercialization. In most cases, companies involved in pharmaceutical discovery are not the ones that present the drug to the market. Through technology transfer services, knowledge and skills relating to drug discovery are passed down from the inventing companies to other pharmaceutical companies which duplicate and present the products to the market. Actually, technology transfer can take place at almost every step of the drug development life cycle. It is only where all the parties involved work together that technology transfer services can be successful and fulfilling.

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.

Majority of pharmaceutical companies have embraced the concept of technology transfer. The process of technology transfer is a mature discipline which follows a structured approach with predictable outcomes. In the competitive pharmaceutical business environment, many businesses are familiar with technology transfer services. One of the key ingredients for effective tech transfer in pharma is robust information exchange. The receiving party must be provided with all the information that is relevant to the process and products involved. Transfer of technology is a project and like any other project, it requires a plan. It is imperative to undertake effective planning for best results

Ian Moore is the author of this article on Technology transfer.
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