Enter TRESTLE Compliance, a Boston-based compliance services company that uniquely combines state-of-the-art compliance software with the unparalleled technical and industry experience of its team to help small life sciences firms compete and win in today’s highly competitive market. “We merge the superior thoughtware of our team with cutting-edge compliance and data security software to deliver a complete compliance support package for our clients,” says L. Stephan Vincze, president and CEO of TRESTLE.
With its specialized services in commercial compliance as well as data privacy and security, the company enables smaller life sciences firms to launch their new products in the market while being fully compliant with the relevant laws and regulations. Apart from these services, TRESTLE also offers outsourced support such as third-party due diligence, on-call advisory for C-suite executives, and more to help clients transition from a research-based firm to a commercial organization. Alternatively, if a firm has a pre-established compliance framework and resources in place, TRESTLE provides them with the software tools required to strengthen their compliance program.
TRESTLE’s services deliver high value as these are managed by a multi-disciplinary team that includes seasoned attorneys, former compliance officers, FBI investigators, and creative leaders from the marketing space with over 20 years of experience in their respective fields. The expertise of each team member bolsters TRESTLE’s understanding of designing, implementing, and managing every aspect of the compliance programs. “We bridge the gaps between science, medicine, and government regulations to build effective relationships between sales and compliance teams and improve the business outcomes for our clients,” says Vincze.
To enhance the effectiveness of its services, TRESTLE partners with leading technology providers such as OneTrust, PolicyStore, and MedCompli. With such partnerships, the company brings superior efficiency and speed to the implementation and maintenance of compliance programs. The reporting capabilities of the solutions simplify the tracking of compliance procedures for its clients.
In the same vein, TRESTLE’s relationship with PolicyStore—a leader in developing effective compliance tools—allows the company to leverage PolicyStore’s mobile-friendly PolicyApp, which helps sales agents receive guidance on ethical conduct. “Our partnership with PolicyStore enables us to enhance an on-field sales agent’s ability to make quick and well-informed decisions and empower businesses to monitor the sales representative’s activities in real-time,” explains Vincze. Moreover, by partnering with MedCompli, TRESTLE offers services like healthcare professional (HCP) engagement management, HCP fair market value calculator, and HCP self-service portal. Vincze mentions that on numerous occasions, TRESTLE has assisted small life sciences firms in using the cost-effective MedCompli platform to seamlessly engage with HCPs and develop a compliance program aligned to their needs.
In one instance, TRESTLE helped a client set up their entire compliance program quickly and efficiently. In this project, Vincze acted as the interim chief compliance officer to help the customer establish all the prerequisites required to develop an effective compliance program in a timely and simple manner. By facilitating the development of clear and easy-to-comprehend compliance policies and procedures, Vincze’s industry expertise helped the client better equip themselves for their transition from a research-based startup to a commercially viable biotech company. TRESTLE stripped the traditional legal jargon and other complexities from compliance to deliver a clear, understandable, practical, and user-friendly compliance program for the client.
Looking ahead, the company aims to expand its clientele by enhancing the current capabilities of its services portfolio. To this end, TRESTLE plans to host a webinar for leading tech vendors in the compliance space and address the prospect of incorporating AI and blockchain into its compliance support services. Other key objectives on the company’s roadmap include supporting investors to conduct intelligent due diligence on acquisition targets based on the effectiveness of their compliance program. To conclude, Vincze reiterates the company’s ethos, “We will continue to look at the unknown frontiers of compliance programs and technologies, and provide the best thoughtware and software in life sciences compliance to our clients.”