As technology continues to grow and improve in the drug and medical device industry, breakthrough developments are happening daily. These new treatments, drugs, and devices are helping millions of people, but unfortunately, sometimes things go wrong. As a result, new issues and liabilities plague the industry.
When potential litigation looms, drug and medical device producers often face an overwhelming amount of data from numerous sources. Further, insurance that the company purchases to protect itself against potential loss may or may not be applicable under the given set of circumstances and, if applicable, may have complicated application methodologies.
KCIC helps clients get a handle on their data – allowing management and legal teams to better coordinate, understand and recover from incoming claims.