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Pharmaceutical Industry Legal Landscape Tracking Template

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Ensure your pharmaceutical business remains compliant with the ever-evolving legal landscape. This template provides a comprehensive guide to tracking industry trends, regulations, and legal changes, enabling you to make informed decisions and maintain compliance.

By following the steps outlined in this template, you can set up efficient processes for monitoring regulatory updates, attending relevant events, and training your team, ensuring your company stays ahead of legal requirements.

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Pharmaceutical Industry Legal Landscape Tracking in Priority Matrix

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Proposed Tasks

High Impact, Quick Wins

Task 10: Regularly update the team on industry trends - ongoing
☐ Collect latest industry trends ☐ Share these trends with the team
Task 1: Set up RSS feeds from regulatory bodies - due in 1 week
☐ Identify relevant regulatory bodies ☐ Set up RSS feeds to track updates in regulations
Task 2: Identify Key Industry Trends - due in 2 weeks
☐ Research and identify key industry trends ☐ Set up Google Alerts for these trends
Task 4: Subscribe to industry journals - due in 3 weeks
☐ Identify key industry journals ☐ Subscribe and review these journals regularly
Task 6: Create a database of legal changes - due in 1 month
☐ Create a database ☐ Regularly update the database with legal changes
Task 8: Train team on the new process - due in 2.5 months
☐ Develop training materials ☐ Conduct training sessions
Task 12: Create a contingency plan for regulatory changes - due in 4 months
☐ Identify potential regulatory changes ☐ Create contingency plans
Task 14: Update company policies according to legal changes - due in 5 months
☐ Identify necessary policy changes ☐ Update company policies
Task 16: Set up a system for legal risk management - due in 6 months
☐ Identify potential legal risks ☐ Set up a system to manage these risks
Task 18: Develop a legal strategy for the company - due in 8 months
☐ Develop a legal strategy ☐ Present the strategy to the board
Task 20: Train the team on legal risk management - due in 9 months
☐ Develop training materials ☐ Conduct training sessions

High Impact, Long Term

Task 13: Monitor the effect of legal changes on the business - ongoing
☐ Monitor the business ☐ Identify effects of legal changes
Task 19: Regularly review the legal strategy - ongoing
☐ Review the legal strategy ☐ Make necessary changes
Task 3: Attend industry webinars and workshops - ongoing
☐ Identify relevant webinars and workshops ☐ Register and attend these events
Task 5: Regularly review changes in regulations - ongoing
☐ Review the updates from regulatory bodies ☐ Summarize and share these updates with relevant teams
Task 7: Develop a process for implementing regulatory changes - due in 2 months
☐ Develop a process ☐ Test the process ☐ Implement the process
Task 11: Set up a process for regular legal consultation - due in 3 months
☐ Identify legal consultants ☐ Set up a process for regular consultation
Task 9: Review the effectiveness of the new process - due in 4 months
☐ Collect feedback ☐ Analyze feedback ☐ Make necessary changes
Task 15: Conduct legal audits - due in 6 months
☐ Set up a process for legal audits ☐ Conduct the audits
Task 17: Set up a process for regulatory compliance - due in 7 months
☐ Identify regulatory requirements ☐ Set up a process for compliance