Companies should start involving regulators in the earliest stages of product development. Your product will achieve wide acceptance in the market and make a profit only if each stage of your development process is carefully planned and reviewed beforehand.
Involving regulators during early development phases will protect you from having to effect costly reformulations, regulatory refusal, recalls and lawsuits.
Our support is tailored to your business needs and facilitate the design and production of market-leading personal care products. We help with product presentation, marketing, advertising, claims review, country-specific regulatory issues and registration.
Compliance challenges persist even after a product hits its target market, because market expansion, new advertising and formulations require the prior approval of regulators. If you expand to a new country, you must overcome the regulatory challenges unique to your new market.
Mergers and acquisitions can result in regulatory inconsistencies, decreasing the profitability of entire product lines or lines of business. The unique claims that power the sales of your product may not apply to your new acquisitions, and even their production processes may need a thorough review.
It is best to create a risk assessment that evaluates how your potential acquisition stands vis-à-vis regulators. Risk assessments can foresee all the fallout from a new acquisition, from failed sales, recalls, lawsuits and stock value drops to investor distrust and product-related complaints.
We make sure that you have all the facts at your disposal before you acquire a company, and our risk assessment can also help you negotiate a better price for your acquisition.
Your product stands out in a highly-competitive market only on the basis of its unique claims. We can guide you in designing and implementing the clinical trials necessary to support claims appropriate for cosmetic products, and such studies will build your credibility, increase brand recognition, ensure consistent sales and even give you a reputation for innovation.
prophema can also help you devise small-scale studies that enable you to make the highly-specific product claims, and execute these studies with the appropriate demographics. After the study is conducted, you will receive a report that assesses your product’s efficacy in the test-cases you specified, and we will also guide you on making your specified claims while remaining compliant.