Find out how technologies are shaping the future of pharma: https://leanpub.com/thefutureofpharma
The future of pharmaceutical companies looks uncertain. There could be a world entirely without pharma in the future. Innovative startups and preventive healthcare are slowly but surely crushing the demand for pills, which is all that the industry is selling now. Pharmaceuticals must change their ways, or they will vanish. Here is how.
Join the global discussion:
Very optimistic, knowing the ultimate goal of the pharma mafia: making profit on people's health and treating sick people as customers instead of patients. And, also, I liked the intro when you said that pharma companies don't share info between themselves, so that dealing with 2 of them is like dealing with 2 different worlds. That's SICK and again, a product of the sicko neoliberal capitalism, and that's the FIRST to be cured...peacefully of violently, in a big REVOLUTION!
Here is what I don't quite get: if science supports the theory of evolution then why are humans the only species employing a wide array of unnatural means to keep sick and dying people alive and functioning? Does this help or weaken us as a species? I'm now of the impression that most people with common sense would resort to pharmaceuticals as a last resort to treating illness.
I can tell ya that the more information thay is out may improve the outcomes for patient. However, the industry may face a downward spiral due to automated robots in the preparation or dispensing of drugs. They may use some pharmacist to counsel patient about medication but that ia become automated as well.
Thank you for this informative video, I have created an infographic detailing the role that stability data can play in combatting supply chain threats- https://issuu.com/jeffreynevil/docs/what_is_stability_data
Any feedback would be greatly appreciated.
I'm pretty sure there is no curriculum today that would prepare anyone for the job market in 20 years and I'm also sure your daughter would have several jobs in her career (skills, personal needs and the job market will change so much). So what I plan to do with my daughter is teaching her skills, perspectives and an attitude to be ready to change. I know it's wide but I see no better strategy today.
Thank you for the quick reply. with the ever increasing tech disruption, I am worried about what to study in college. perhaps everything will be disrupted by technology and we will not know what kind of jobs our kids will do then and what kind new jobs there will be.
The only thing I'm worried about are the body sensors. Since your whole molecular build-up will be known, you will immediately know if you have an incurable disease or a great chance of developing a disease. This is without the insurance companies demanding this fingerprint of your body to apply for an insurance, and getting rejected by not being a genetically healthy person. Other than that I really enjoyed the video, very interesting!
Great video, it certainly made me think. I personally don't think Big Pharma will change their business model too soon - despite all these innovations - because the latter is regulated by FDA/EMA. Even today, such regulatory institutions are very stiff regarding the type of data they want in order to approve new drugs and that data needs huge investments, hence mammoth companies.
+The Medical Futurist Right now launching a medical product is big business. Serious venture capital is needed. Some expenses can't be dropped - like clinical trials.
But the cheaper the supporting technology gets, the easier it will become to start such a business. And that is when innovation will be exponential. Potential technologies that must get cheaper and/or open source: DNA sequencing, RNA and protein expression detecting, lab supplies that could be rented on demand - locally or globally -, open source software for genetic engineering (something already exists here) or chemical drug design, cheap bioreactors.
Regulators could drop the prices of patents - right now in EU at least the prices range around a couple of thousand of euros. Prices must drop for getting authorized to start clinical trials too so that start-ups could have a chance for competing as well.
And things would be much easier if society wouldn't punish providers that deliver extremely useful products or services - making a fortune from entertainment seems acceptable, but making a fortune from selling medical drugs seems to rub most people the wrong way. Hence the myriad of conspiration theories against drugs that work and which took a lot of sweat and cash equity to bring to patients. If this would change, people could start crowdfunding medical projects at least equally to what they fund video games and movies.
That article is great, but here is the pet-peeve: the FDA doesn't regulate patients. And all those measures can be initiated by patients, because they are non-invasive and/or wearable and/or apps. The industry would progress much faster when patients could have those options for innovative therapies which go far beyond dietary supplements and health data. Currently, they theoretically have it if they are terminally ill AND IF they have access to such therapies, including a knowledgeable and willing physician to connect the dots. But the process of approving such therapies even while terminally ill is still fraught with bureaucracy, probably because companies could take advantage of these people and many of them are already resigned about their death. Are direct to consumer genetic sequencing services still available? That would have been a great step forward.
Community pharmacists are the health professionals most accessible to the public. They supply medicines in accordance with a prescription or, when legally permitted, sell them without a prescription. In addition to ensuring an accurate supply of appropriate products, their professional activities also cover counselling of patients at the time of dispensing of prescription and non-prescription drugs, drug information to health professionals, patients and the general public, and participation in health-promotion programmes. They maintain links with other health professionals in primary health care.