Clinical Trials Up 50x Since 2000Read the rest of this entry »
The number of clinical studies worldwide has exploded since the beginning of the century, increasing almost 50-fold to over 273,000 today. In the U.S. alone, there are currently 30,281 studies that are active, enrolling or recruiting, according to ClinicalTrials.gov.
The sheer number of these studies has contributed mightily to the challenge trial managers have in recruiting sufficient numbers of volunteers to participate. Three-quarters of clinical trial ...
Pharma Looks to Mobile Devices to Improve Clinical TrialsRead the rest of this entry »
Clinical trials are among the pharmaceutical industry's biggest headaches, and not just because the efficacy of a drug is at stake. Millions of dollars of R&D depend on successfully recruiting, managing and monitoring the trial volunteers, a process that itself is costly and time consuming.
That alone should be motivation for trial managers to leverage existing technology in order to improve patient convenience and reduce costs. Yet, as an ...
One Approach to Making Clinical Trials More Patient FriendlyRead the rest of this entry »
When three-quarters of clinical trial staff report missing patient enrollment targets up to 25% of the time, there's a problem.
The pharmaceutical and biotech firms that sponsor most of the clinical trials in the US each year spend some $40 billion on research annually. No surprise they want their trials to begin and move along expeditiously, since each day a drug development program is delayed means a potential loss ...
Research Shows Job Trends In Biomedical ScienceRead the rest of this entry »
A first of its kind study of biomedical postdocs found that nearly half of them go into academia following completion of their training.
A team from the Office of Fellows’ Career Development at the National Institute of Environmental Health Sciences collected career information from more than 900 postdoctoral fellows at the NIEHS from the past 15 years. They categorized the data by sector, type, and job specifics, which makes the ...
Eat Curry and Improve Your MemoryRead the rest of this entry »
The next time you misplace your keys -- for the second time -- or forget someone's name seconds after meeting them, reach for a bowl of curry.
In a double-blind study of 40 older adults, researchers at the University of California Los Angeles found that those who took twice-daily doses of curcumin, the substance in turmeric that gives it a distinctively yellow color, improved both mood and memory over those receiving ...
Competition Will Put Even More Pricing Pressure On Pharma This YearRead the rest of this entry »
There's no shortage of predictions about what's ahead for the pharmaceutical and biotech sector in 2018. A Google search turns up dozens of articles and that's just in the last two weeks. And the range is broad -- from predictions of quicker FDA drug approvals to an aggressive entry into the field by tech companies, especially Google and Amazon and continued consolidation of the industry.
One of the ...
Drug Companies Turning to AI to Speed DevelopmentRead the rest of this entry »
Slower to come to the party than other industries, bio-science firms are beginning to turn to artificial intelligence to speed up the development of new drugs.
When GlaxoSmithKline inked a $43 million AI deal last summer, Reuters quoted a company official saying, “It’s still to be proven, but we definitely think we should do the experiment."
Other large drug makers have entered into similar partnerships with biotech firms, taking ...
CVS-Aetna Deal Will Hasten Move to Value Drug PricingRead the rest of this entry »
The news that CVS is buying Aetna for $69 billion rattled the business press this week, prompting headlines that included words like "Reshape," "Transform," and "Shake Up."
Most accounts discussed how the deal could lead to converting CVS' 9,700 storefront pharmacies into primary care centers and walk-in clinics, similar to the 1,100 CVS already operates. That, of course, is only part -- admittedly a big part -- of the implications ...
Report: Traditional Drug Selling Is Becoming 'Obsolete'Read the rest of this entry »
The future of pharmaceutical sales marketing will look very different in the next decade from what it was in the last. These changes, which began to take shape even before the start of the Great Recession, are accelerating, leading, says a PricewaterhouseCoopers report, "to a new marketing and sales system with a smaller, more agile and smarter sales force."
Among the headwinds that are forcing drug makers to change tactics ...
Value-Based Drug Pricing Is Gaining More AttentionRead the rest of this entry »
In the face of blistering criticism over drug pricing from Republicans and Democrats alike, pharmaceutical firms are experimenting with "value-based" pricing.
The concept is not especially new; over the years, academics and healthcare reformists have proposed it as one model for overhauling how medicine is practiced in the U.S. Implementing it as a pricing model for drugs is relatively new.
As a PwC whitepaper last month explains, a value-based ...