Sparta Systems and UL Announce Innovation

Publisher: The Insight Partners

Sparta Systems and UL have Announced Innovation Partnership to Expand the Ecosystem of Quality and Learning Management Systems for Life Sciences.  Sparta Systems is a privately held cloud and on-premise quality management software company. The company provides system implementation, validation assistance, data migration, integration, process optimization, pre-configured solutions deployment, pre-sale consulting, and system configuration services worldwide. Sparta’s TrackWise Digital, a pharmaceutical Quality Management Software, supports centralized and consolidated tracking, workflow management, and regulatory reporting for all critical business processes affecting pharma and biotech manufacturing operations across the globe. Sparta Systems’ drug safety issue tracking solution offers a closed-loop approach, managing the evaluation, investigation, analyses for a root cause, and execution of CAPAs for all issues logged by users.

As per The Insight Partners; in 2018, the adverse event reporting software accounted for the largest market share in the global pharmacovigilance (PV) and drug safety software market. In pharmacovigilance high volume of adverse reaction report event data generated. These reports may not be in a uniform format which makes it difficult to classify the event manually. Manual processing and classification of adverse event reports is costly and time consuming operation. To overcome these challenges companies are incorporating automated solutions. Thus, owing to above mentioned factors it is expected that the market is likely to increase significantly during the forecast period.