Effective technology transfer is both vital and critical to drug discovery and development for new medical goods. It is also necessary to improve drug quality developed during R&D and to final product quality throughout manufacturing, as well as to ensure stable quality transmitted. Effective implementation and commercialization of novel technologies is always a complex, complicated endeavor, and while a range of development tools exist to encourage this activity, technology transfer is by far the most common technique to directly fostering successful innovation.
To effectively and concurrently create suitable clinical good manufacturing practice facilities, define and design specialized process equipment, complete process specifics, and accurately calculate scale-up parameters, a highly qualified technology transfer team must work together.
The Importance of technology transfer in pharmaceutical industry is in ever-changing business strategies increasingly entail intra- and inter-company transfers of technology for reasons such as the need for expanded capacity, relocation of activities, or consolidations and mergers. As a result, the WHO Expert Committee on Specifications for Pharmaceutical Preparations proposed in its 42nd report that WHO address this issue by developing WHO recommendations on the subject.
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The institution obtains recognition and improves its reputation for its research and innovation capabilities. Licensing technology from a university can also help industry partners cut expenses even during research and development stage. Additional advantage for the university is that the license fees may be used to fund more research and education at the institution. Universities secure their research investments by patenting novel inventions, which allows them to enter the commercial market.
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