How to Manage Scientific and Commercial Interactions

scientific and commercial interactions

Navigating the relationship between science/medicine and commercial interests can be tricky. For most pharmaceutical companies, this boils down to the relationship between the company’s medical science liaisons (MSLs) and commercial sales and marketing teams. Although they occupy vastly different roles within the company, each group is critically important to the company’s success. However, because of […]

How to Fight Back Against OT Cyberattacks

ot cyberattack

As our world grows increasingly digital, businesses need to prepare for the potential dangers posed to their data and technology. In particular, operational technology (OT) cyberattacks are on the rise, targeting systems in manufacturing, utilities, transportation, and more. To combat the destructive financial, operational, and reputational effects of OT cyberattacks, businesses need strong OT cybersecurity systems to […]

Why Your Company Needs Operational Technology (OT) Cybersecurity

OT cybersecurity

Operational Technology (OT): The Basics Operational technology (OT) is the hardware and software that monitors and controls industrial operations. These operations include the physical processes and equipment needed to keep critical infrastructure running smoothly. Operational technology spans a wide range of different industries, including healthcare, manufacturing, utilities, transportation, government, research, and more. Here are a […]

How to Conduct a Third-Party Risk Assessment

third-party risk assessment

How to Conduct a Third-Party Risk Assessment (Third-Party Risk Series Part 2 of 3) Third-party partnerships are essential for doing business effectively and efficiently. However, given the numerous risks associated with third parties, figuring out who to work with can be a daunting task. Luckily, there are several strategies to narrow down your focus and properly assess […]

How to Identify Third-Party Risk

third-party risk

How to Identify Third-Party Risk (Third-Party Risk Series Part 1 of 3) It’s complicated enough to manage your own company’s risk, let alone risks caused by third parties. But without a proper understanding of third-party risks, your company is ill-prepared to mitigate its potential dangers.  To help your company reduce its overall risk, we’re creating […]

What Is Insider Trading? Common Causes and Solutions

insider trading

What Is Insider Trading? Illegal insider trading is an ever-present risk for any publicly traded company. While company insiders—corporate officers, directors, 10% stockholders, and other individuals with nonpublic company knowledge—are allowed to buy and sell stock, they are not allowed to make trading decisions based on material nonpublic information. Use of material nonpublic information may […]

How Unethical Communication Can Destroy Your Business

unethical communication

How Unethical Communication Can Destroy Your Business We know that communicating ethically is essential for every business. But what happens when a business, either accidentally or intentionally, lapses into unethical communication? To answer this question, we’re learning by example. Join us as we examine the history of a major pharmaceutical company and how its lack […]

Ethical Communication and Its Importance: A Simple Guide

ethical communication

The Importance of Ethical Communication (Ethical Communication Series Part 1 of 3) Ethical communication is essential for upholding a strong culture of compliance in the workplace. When done correctly, ethical communications can bolster your company’s character and decrease overall risk. However, when ethics are cast aside, businesses can face severe financial, legal, and reputational costs. […]

Time to Create or Update Your Code of Conduct?

code of conduct

Time to Create or Update Your Code of Conduct? (Code of Conduct Series Part 1 of 3) Despite sitting at the cornerstone of almost every company, the code of conduct has received a bad reputation. While some may stereotype codes of conduct as dull and out of touch, effective codes of conduct are none of […]

PhRMA Code Update: What Do I Need To Know?

PhRMA Code Update

The latest PhRMA Code update took effect on January 1, 2022. Find out the latest updates and what they mean for your business.   What Prompted the PhRMA Code Update? The newest updates to the PhRMA Code respond to Office of Inspector General’s (OIG) special fraud alert about HCP speaker programs. The alert warns that […]