Company Profile | September 20, 1999

Aspen Technology at Chemical Online- inferential sensor modeling, information management systems, production accounting, supply chain management, realtime, polymers

Source: Aspen Technology, Inc.
Challenges Facing the Life Sciences Industry

As we enter the 21st century, the business climate facing the life sciences industry has significantly changed from the more predictable environment of the early 1990's. An ever-increasing demand for NCE's, declining windows of exclusivity for new compounds, lower margins, and other pressures have heavily impacted the traditional methods of bringing drugs to market. The industry has been forced to look for new, innovative ways of moving compounds through the pipeline, and integrating the workflow processes and knowledge chain in research, development, and manufacturing is ripe with promise.

AspenTech's Life Sciences Industry Value Proposition

AspenTech is a leading supplier of software and services for the design and automation of development facilities, process manufacturing plants and supply chain for the life sciences industry. AspenTech focuses its value solutions on the following business challenges:

  • Time-to-Market
  • Asset Utilization
  • Risk Management
  • Regulatory Compliance
  • Manufacturing Flexibility

By providing suites of workflow, scheduling, and information technologies integrated by a knowledge management backbone, AspenTech enables life science companies to reach their True Potential™. These suites focus on three main areas in the product lifecycle:

  • Design: Innovation
  • Operate: Integrated Manufacturing
  • Manage: Supply Chain

Enterprise Optimization is achieved by enabling the integration of the work and business processes in these areas within a comprehensive knowledge management backbone, the Aspen Framework.