A CASE STUDY OF GROWTH & COMPLIANCE:

TRANSFORMING A BUSINESS INTO A PHARMACEUTICAL WHOLESALER

01 | The starting point: Our client in 2018

Origin:

South Korean parent organisation

European branch:

Founded to manage the marketing and distribution of active substances to companies across Europe

Specialisation #1

Manufacture of stereochemically active pharmaceutical ingredients...

Specialisation #2

...and the development of formulations containing these compounds

02 | The beginnings: Not yet a pharmaceutical company

Only a physical office

had been established so far.

Limited staff

to face the transformation to a wholesaler.

Limited internal knowledge

of European pharmaceutical regulations.

The goal: Set-up of a robust Quality Management System (QMS) to enable the company's registration at the local competent authority as a wholesaler

03 | Impact of the problem

Critical gaps in regulatory knowledge + lack of established QMS

Both aspects significantly delayed the process of registration as a wholesaler of active pharmaceutical ingredients (APIs).

Absence of qualified personnel in key quality roles

Not having all of the necessary staff on board increased the risk of non-compliance and regulatory findings.

Operational inefficiencies

Limited knowledge of the European data protection regulation (GDPR), staffing issues, and insurance requirements that had to be dealt with all further hindered the company's ability to establish a compliant and functional presence in the European market.

All of these factors resulted in the necessity of full reliance on external support to establish compliant operations – which we provided with our services.

Without support from THE FORCE, the client would have faced delays, increased costs, and missed commercial opportunities.

04 | Our solution as THE FORCE

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Providing Quality personnel and assuring key functions

From the beginning of the project, we provided the necessary Quality personnel to our client – and still continue to do so 7 years later.

This allowed the entity to remain slim and agile, and the company to focus on their commercial activities.

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Assistance with critical tasks during start-up phase

Our team provided a range of cricital tasks, including:

securing the required insurances,
hiring of staff,
compliance with European data protection regulation (GDPR),
client's online presence,
and even providing physical office space.
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Implementation of a streamlined QMS

Implementing a streamlined QMS was crucial so it could be effectively managed by a small team.

The solution focused on optimising processes to ensure compliance with regulatory standards while maintaining operational efficiency.

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Structuring key processes to be simple yet effective

In all of this, we took care of the processes that allowed our client to focus their time and energy on their commercial growth.

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Providing additional capacities on demand

Providing additional capacities only when necessary, without overwhelming the organisation, gave the company the opportunity to operationalise their business model in short timelines.

05 | Results

Within short timelines, we managed a successful transformation

    • from our client not yet being a pharmaceutical company...10%
    • ...to a fully operational pharmaceutical entity.100%

    We enabled the company to operationalise their business model, and then supported the transformation of said business model at a later stage as desired by the customer – all while ensuring the company's scalability.

    As a result, the client achieved strong business performance shortly after the initial setup phase end experienced rapid development.

    06 | Strategies for continued success

    To ensure continued growth and success, the company is proceeding with its development by implementing, amongst other things, the following steps:

    Continued provision of key functions by THE FORCE

    Transformation of QMS to act as MAH

    One of the next steps for the company includes the transformation of their QMS in 2024 to enable them to act as a Marketing Authorisation Holder (MAH).

    This is achieved through the implementation of a Pharmacovigilance system and registration with the local authorities.

    Expanding operations as a wholesaler of finished dosage forms

    Launch of first formulation

    In 2025, the company will also launch its first formulation, making a significant milestone in its development.

    Moving forward, these advances will further strengthen the company's position in the pharmaceutical market, while a continued partnership with THE FORCE supports the ongoing optimisation, regulatory compliance, and sustained success.

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