Adoption of Veeva Vault Quality Applications Grows as Industry Moves to Unify Processes Across Global Stakeholders
18 October 2016 - 10:03PM
Business Wire
Veeva adds nearly 80 Vault Quality customers,
including four of the top 20 global pharmaceutical companies
2016 Veeva R&D Summit – Today at the Veeva R&D
Summit, to an audience of more than 600 industry leaders, Veeva
Systems (NYSE:VEEV) announced broad industry adoption of Veeva
Vault QualityDocs and Veeva Vault QMS as the life sciences industry
focuses on unifying quality management. Prompted by the need to
seamlessly bring together quality work processes and content
management, Veeva has added nearly 80 quality customers in less
than four years and eight customers have signed on for Vault QMS
since the product was released four months ago.
This Smart News Release features multimedia.
View the full release here:
http://www.businesswire.com/news/home/20161018005689/en/
(Graphic: Business Wire)
Four of the top 20 largest pharmaceutical companies are using
Veeva Vault quality applications to drive greater global alignment,
collaboration with external contract manufacturers and partners,
and harmonization of quality processes. With Veeva, companies get a
modern cloud solution to standardize the flow of information and
support multiple, concurrent outsourcing models, while ensuring
process transparency.
In 2015, the FDA issued warnings to 10 drug companies for data
integrity violations – the most in a decade.1 A mix of disparate
legacy systems add to data integrity challenges by fragmenting
internal processes and making it harder to incorporate global
partners. With increased outsourcing of quality manufacturing and
pressure to adhere to manufacturing regulations, full visibility
into quality processes and supply chains is becoming more
critical.
“Collaboration and access across global stakeholders are not
only critical for achieving compliance, but also to ensure data
integrity,” said Craig Gassman, associate director of regulatory
operations at Karyopharm Therapeutics. “With Veeva Vault Quality,
all of our partners have real-time visibility in the cloud and we
gain end-to-end control of critical documents and processes.”
“The demand for Veeva Vault quality applications is indicative
of the industry need to unify quality processes and documentation
across business units and borders,” said Mike Jovanis, vice
president of Vault Quality at Veeva. “Vault’s true multitenant
cloud architecture connects quality-related processes, documents,
and stakeholders for better visibility and collaboration throughout
the entire global supply chain.”
Vault QualityDocs and Vault QMS is the only integrated suite of
quality applications for seamless end-to-end content and quality
management. Both applications are built on Veeva Vault, a proven
cloud platform and suite of applications that provide a single
source of truth across the enterprise. Native interoperability
between Vault applications empowers life sciences companies to
streamline their business processes across an increasingly broad
ecosystem of internal and external stakeholders.
In other news today, Veeva announced that ICON is streamlining
its regulatory and quality operations with Veeva Vault
applications, and that inVentiv is expanding its adoption of the
Veeva Vault Clinical Suite to expedite site activation for clients.
Read our press release for ICON and our press release for inVentiv
to learn more.
Additional Information
For more on the Veeva suite of quality products, visit:
veeva.com/quality
For more on Veeva Vault QualityDocs, visit:
veeva.com/QualityDocs
For more on Veeva Vault QMS, visit: veeva.com/QMS
Connect with Veeva on LinkedIn:
linkedin.com/company/veeva-systems
Follow us @veevasystems on Twitter: twitter.com/veevasystems
Like Veeva on Facebook: facebook.com/veevasystems
About Veeva Systems
Veeva Systems Inc. is a leader in cloud-based software for the
global life sciences industry. Committed to innovation, product
excellence, and customer success, Veeva has more than 450
customers, ranging from the world's largest pharmaceutical
companies to emerging biotechs. Veeva is headquartered in the San
Francisco Bay Area, with offices in Europe, Asia, and Latin
America. For more information, visit www.veeva.com.
Forward-looking Statements
This release contains forward-looking statements, including the
market demand for and acceptance of Veeva’s products and services,
the results from use of Veeva’s products and services, and general
business conditions, particularly in the life sciences industry.
Any forward-looking statements contained in this press release are
based upon Veeva’s historical performance and its current plans,
estimates, and expectations, and are not a representation that such
plans, estimates, or expectations will be achieved. These
forward-looking statements represent Veeva’s expectations as of the
date of this press announcement. Subsequent events may cause these
expectations to change, and Veeva disclaims any obligation to
update the forward-looking statements in the future. These
forward-looking statements are subject to known and unknown risks
and uncertainties that may cause actual results to differ
materially. Additional risks and uncertainties that could affect
Veeva’s financial results are included under the captions, “Risk
Factors” and “Management’s Discussion and Analysis of Financial
Condition and Results of Operations,” in the company’s filing on
Form 10-Q for the period ended July 31, 2016. This is available on
the company’s website at veeva.com under the Investors section and
on the SEC’s website at sec.gov. Further information on potential
risks that could affect actual results will be included in other
filings Veeva makes with the SEC from time to time.
1 (PwC: March 2016), Data Integrity Problems a Growing Risk to
Global Pharma Companies
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version on businesswire.com: http://www.businesswire.com/news/home/20161018005689/en/
Veeva Systems Inc.Roger Villareal,
925-264-8885roger.villareal@veeva.comorLisa Barbadora,
610-420-3413pr@veeva.com
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