An online pharmacy told U.S. regulators it found another cancer-causing chemical in widely prescribed blood-pressure pills, raising new questions about a complex global web of companies that produces medicine for millions of people.
Challenge: A customer was standardizing and automating its global third-party risk management program, and the company needed configurable risk-based screening and custom open-source search capability in a globally integrated workflow solution. The company also wanted to accelerate its onboarding and due-diligence processes — while controlling costs and ensuring procedural variances were standardized.
Most of the tainted drugs originated in India and China, which have become popular sources of generic medications and active-drug ingredients as producers and health-care providers try to hold down costs.
Sun Pharmaceutical is scouting for a partner in China to help it win a larger piece of the world’s second-largest drug market, where the government is on a mission to drive down the cost of healthcare.