Tuesday, June 25, 2019

FutureWise - Pharma Industry Trends


The latest  pharma industry trends are as follows.

1) AI Advances Beyond Drug Discovery

Once regarded as costly gimmicks, artificial intelligence (AI) applications are rapidly becoming prime drivers of competence for forward-thinking pharma industry trends. Having already confirmed how AI can be leveraged to make data-driven decisions faster and ramp up R&D, drug developers are now discovering a limitless range of novel and advantageous uses AI can have in an incalculable number of new pharmacy contexts.

2)  Medical Marijuana’s Budding Potential

Pharmaceutical companies are increasingly gambling that marijuana  historically demonized as a leading source of social afflictions will become a major player in the pain management domain and potentially bring a multitude of other beneficial therapies. The U.S. Food and Drug Administration (FDA) granted its first approval of a cannabidiol (CBD) medication — the epilepsy treatment Epidiolex — in June 2018, paving the way for other pharma organizations to hop aboard the medical marijuana money train.

3)  The Industry wide Proliferation of Cloud Technology

While businesses throughout the world have flocked to cost- and resource-saving external computer servers over the past decade, the pharmaceutical industry has historically been one of the last to hold out, favouring to manage its highly sensitive data in tightly controlled on-site databases.

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