Managing Risk in Pharmaceuticals Company - Dechra Pharmaceuticals PLC Group
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Added on Ā 2023/01/18
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This report discusses the hazards and risks associated with Dechra Pharmaceuticals PLC Group, a veterinary products manufacturing company. It explores the risk management process, chemical and health hazards, risk matrix, risk register, and risk assessment plan. The role of technology in reducing errors and improving efficiency is also evaluated.
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1.INTRODUCTION RiskManagementrefersastheidentification,assessmentandprioritizationofrisks followed by economical and interconnected execution of resources in order to reduce, monitor and control the probability or influence of unfortunate events (Bodnar and et. al., 2011). In this report, the given organisation is Genera which is a part of Dechra Pharmaceuticals PLC Group. The company is engaged in production, research and development, marketing and sales of feed additives, veterinary medicines and variety of care products for animals. This report includes hazards exist in pharmaceuticals company and the risks associated with those. A risk register and risk matrix are developed and risk assessment plan is analysed to minimize errors and mitigate risks. At last, role of technology in reducing errors and efficiency of risk assessment plan is evaluate in the report. Hazards can be defined as the agent which has the potential or ability to harm or danger to a vulnerable target(Bruder and Roncalli, 2012). These will lead to an adverse consequence if someone is expose to it. Dechra Pharmaceuticals PLC Group is an England based veterinary productsmanufacturingcompanythatoffersvarietyoffeedadditives,medicinesandcare products for animals.It employs around 220 employees, of whom approximately 75 percent are women who are working in quality control, production and research and development laboratories. Risk Management Process This process is about managing the risks associated with the project. It helps in mitigating the adverse outcomes of the main goals and objectives so that opportunities can be created. It helps in developing policies and procedures which can be applied to reduce the magnitude of risks. There are number of stages such as identification, analysis, evaluation of the risks, treating them with appropriate solution followed by reviewing the risks. As the company engaged in using large amount of chemicals in the production process, it creates some hazards for its employees. These hazards are mentioned below: Chemical Hazards:In context of Dechra Pharmaceuticals PLC Group, it uses chemicals in manufacturing of medicinal products that cause harm to employees as well as environment(Chen and Yano, 2010). For example: Ethidium bromide which is a highly hazardous compound that may have teratogenic or carcinogenic impacts. Exposure to this compound is possible by ingestion, inhalation or absorption by skin. Exposure to acute ethidium bromide may cause irritation on exposed surfaces like eyes, mouth, skin or upper respiratory tract. Apart from this, flammable and volatile liquids used in organisation are vaporize when these exposed to room temperature, this cause atmospheric pollution. The explosions and fire accidents can occur due to steam of chemicals which tend to disperse rapidly in environment that cause negative impacts in terms of loss of lives and property.The people who will be affected by such chemical hazards are the employees and customers to a major extent. This is ultimately have a significant effect on the government.
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changesin production systemand processes. Providingtrainingand awareness programmesto employees(Smith, MernaandJobling, 2014). Substitute product LowMediu m Mediu m Producti on Manager Ifthedrug hasharmful effecton healthofan individual and another company providesis substitution thatimpacts lessontheir health then it createsrisk for company. Substitutionof dangeroussubstances withlessdangerous substances Risk assessment plan refers to the document, which is prepared to foresee risk, determine influence and define consequence to risks. This helps managers in determining a potential risk and assessing their impact. The risk assessment plan for Dechra Pharmaceuticals PLC Group helps manager in identifying risk as well as their impact which helps management in taking appropriatedecisionsforreducingtheerrorsandmitigatingrisk.Theriskassessmentand management plan help company in ensuring efficient and consistent operations by ensuring the compliancewithlawsandregulations(Gurnani,MehrotraandRay,2012).Thishelpsin emphasizing more on safety and security of employees. The mitigation actions used by Dechra Pharmaceuticals PLC Group helps in minimizing the errors and mitigating a risk. Periodical review of health and safety system helps in determining the areas that needs improvements so that appropriate measures can be taken to promote health and safety of workforce within firm. The decision of company regarding changing the procedure that utilize harmful substances helps in minimising the occupational exposure to harmful agents. Improved technical safety measures resulted in central weighing room which is new and equipped with state-of-the-art system of ventilation and high efficiency particulate air filter laminar flow cabinets for weighing the chemicals
of solid nature in intermediate and low chemical toxicity categories. Sealed packages are used for transporting the chemicals from room to the place where they use. Apart from this, for limiting the potentialexposures,highpotencyactivepharmaceuticalingredientslikelevothyroxinewere moved to production area from weighing room (Herwadkar and Hsiao, Oracle International Corp, 2017). Companyequippedtheproductionareawithventilation,heatingandairconditioning system with HEPA filters which also assists in protecting the environment. Moreover, firm planned forpersonnelairlocksystemsothatanyindividualworkingwithhighpotencyactive pharmaceuticalingredientswillwearprotectiveequipmentswithself-containedbreathing apparatus and protective hood. The workers after finishing their work will pass through the personnel air lock system and the mist showers and the high potency active pharmaceutical ingredients are removed by mist showers. All this will help company in mitigating the risk of occupational exposure to harmful agent. Apart from this, Dechra Pharmaceuticals PLC Group was substituted ethidium bromide with GelRed nucleic acid gel stain which decrease the cost of hazardous waste disposal of company. GelRed is a DNA strain which is most sensitive, robust and safe nucleic acid gel stain. In addition to this, the legal and regulatory risk is mitigated by company by following all the laws and regulations made by government (Hillson and Murray-Webster, 2017). This will help in ensuring health and safety of employees and preventing them from any harmful accidents or incidents. All these measures taken in assessment plan helps in intensifying communication between managers and employees regarding safety at work. In reducing errors and improving efficiency, technology plays very crucial role. The firm has decidedtochangeitsprocessesthatutilizesharmfulsubstanceshelpsinreducingthe occupationalexposure.Thistechnicalsafetymeasureresultedinimplementationofcentral weighing room outfitted with a system called state-of-the-art ventilation that includes laminar flow cabinets with HEPA filters which are used in weighing the chemical of solid nature in low and intermediate toxicity categories. Sealed packaging technology is used by firm in transporting chemicals from room to their actual place of use.Apart from this, technology is also used in managing the valuable information or data related to such chemicals which might result in something severe if used by any other organisation or individuals. Therefore, by using latest technology it can protect the confidential data which are useful for the organisation. Use of glove box assists in moving high-potency active pharmaceutical ingredients to production area for removing potential exposures. By the use of this technology, company is enabled to minimising the hazards that may impacts the health of employees in adverse manner. Also, technology is used by company in organizing training courses for employees as this helps in providing education to employees to work with hazardous substances. Training is provided to
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workersregardingchemicalstheyhandleinvolvinginformationonhealthrisks,hazard identification, procedures to use in emergency cases, labelling of chemical and responsible behaviour while working a with them (Lawrence, Goldman Sachs and Co, 2011). In this way, technology plays crucial role in using information to reducing errors in Dechra Pharmaceuticals PLC Group. The risk assessment plan of Dechra Pharmaceuticals PLC Group proves to be very effective in determining risks and managing them in an efficient way. This plan helps company in employing various strategies that helps in mitigating risks in proper way. The strategies like substitutionofharmfulsubstancewithlessharmfulsubstance,improvedtechnicalsafety measures etc. helped company in ensuring safety of its employees (Linehan, Comtois and Ward- Ciesielski, 2012). All the measures taken by firm are resulted in intensified communication among management and employees regarding work safety. It also helps in increasing awareness and participationofworkersaboutworkplacehealthandsafety.Apartfromthis,thecontrolof hazardous substances is improved in the working surroundings along with a reduction in hazards at the time of handling hazardous substances. In addition to this, the prevention of health impairments associatedwithchemicals areimproved. Alltheseassist company inattaining success and its financial status is also improved. There are number of achievements which have been gained by Dechra PLC Group such as policies have been formulated fro health and safety, leadership has been shown for managing the team, financial position has become viable and sound and many more. These represents that risk factors in related to the entity has been reduced to a great extent which has created positive impact on the organisation. Furthermore, number of approaches have been achieved which created desired results that are beneficial for the company. 2.CONCLUSION As per the above-mentioned report it has been concluded that managing the risks is very necessary as it helps in determining and addressing the risks in effective way. Management of company requires to timely review all its procedures so that the risks can be identified timely and enable managers to take adequate measures in order to mitigate them. Risk register and risk metrics helps in proper determination of issues and its mitigating actions. Risk assessment plan is prepared by company to foresee risk, assess its influence and specify consequence to risks. Technology plays very crucial role in reducing errors and ensuring safety of employees. This helps inintensifyingcommunicationprocess withincompanyandincreasingawarenessofpeople regarding chemicals they handle, and health impairments associated with those.