Innovative portal is a centralized online repository of current global transparency law and regulation information with relevant spend and FMV guidelines
New York – 28 Sept 2016 – One of the biggest challenges life sciences companies face is staying up-to-date on transparency laws and regulations in countries in which they do business. To date, over 40 countries have legislation and myriad professional organizations have implemented organizational codes of practice. For instance, the United States has federal and state reporting requirements.
Polaris developed its Regulatory Monitoring Portal to provide pharmaceutical and medical device companies a single online tool that outlines each specific requirement, is easy-to-use, available 24/7 and updated when regulations change. The goal is to help companies efficiently stay up-to-date on changes and developments, understand and adhere to the requirements, while also helping them to develop robust and sustainable regulatory programs and minimize risk.
Two versions of the tool are available. The free version delivers a high-level overview of current regulations in each country and state, while the subscription-based portal provides access to deeper knowledge, and allows users to ask compliance and regulatory experts questions and share best practices.
“As more countries and organizations enact legislation and regulations, the need for comprehensive, accurate and timely information is imperative. Polaris’ Regulatory Monitoring Portal is a simple and efficient solution for life sciences companies,” said Andy Bender, Polaris Founder and President.
Polaris is the world’s leading compliance software and consulting firm, providing innovative, quality, end-to-end compliance solutions for life science companies.
Uniquely focused solely on the life sciences industry, Polaris delivers innovative, best-in-class solutions for today’s toughest compliance challenges. The firm’s services range from comprehensive technology and software solutions to expert consulting, strategy and planning, as well as end-to-end managed services. Polaris is headquartered in New York City, with worldwide offices in Amsterdam, Boston, Hong Kong, New Brunswick, Paris and San Francisco.
Since 2001, the world’s most recognized pharmaceutical, biotech and medical device companies have relied on Polaris as their trusted life science compliance solutions partner. Learn more at www.polarismanagement.com.