Top Pharma Trends of 2022 & 2023
Ozempic
Ozempic is a once-weekly injection for the treatment of type 2 diabetes. The medication is a glucagon-like peptide-1 receptor agonist, which helps the body to produce more insulin and lowers blood sugar levels. … Read more
Medable
Medable is a healthcare technology company that is focused on developing innovative solutions for clinical trials. The company’s flagship product is a decentralized trial platform that allows for the tracking and management of clinical trials. … Read more
Prolonged Release Tablet
A prolonged release tablet is a tablet that is designed to release the medication slowly over an extended period of time. This type of tablet is often used to treat chronic conditions, such as high blood pressure or diabetes, where a steady dose of medication is needed. … Read more
Albendazole Tablet
Albendazole tablet is an anthelmintic drug that is used to treat parasitic infections. The drug is available in both tablet and suspension form, and is typically taken orally. … Read more
Methycobal Tablet
Methycobal Tablet is a medicine that is used to treat nerve damage. It is a form of vitamin B12 that is used to improve nerve function and protect the nerves from damage. … Read more
Orally Disintegrating
Orally disintegrating medication dissolves in the mouth, allowing for the medication to be absorbed directly into the bloodstream. These are often used for medications that are meant to be taken on an as-needed basis, as they do not require water to dissolve. … Read more
Remote Patient Monitoring
Remote patient monitoring is the process of remotely tracking a patient's health status and symptoms. This can be done through various methods such as phone apps, wearable sensors, or home health monitors. … Read more
Weight Loss Medication
Weight loss medications are drugs that are prescribed to help people lose weight. The medications work by suppressing the appetite, increasing the metabolism, or blocking the absorption of calories. … Read more
Liver Injection
A liver injection is made from liver extract or other combination medicine. The injection may be used to treat a variety of conditions, including cancer, hepatitis, and cirrhosis. … Read more
Folitrax
Folitrax is a type of drug with methotrexate as the active ingredient. It is used in the treatment of auto-immune disorders like rheumatoid arthritis and certain types of cancer due to its immunosuppressive ability. … Read more
Natera
Natera is a company that specializes in genetic testing. The company offers a variety of tests, including tests for prenatal genetic disorders, cancer, and ancestry. Natera is one of the leading providers of genetic testing in the world. … Read more
Softgel Capsule
A softgel capsule is a gelatin capsule that is designed to be soft and easily swallowed. The capsules are often used to encapsulate liquids or powders and can be found in both prescription and over-the-counter medications. … Read more
Lenvatinib
Lenvatinib is a drug that is used to treat certain types of cancer. It is a kinase inhibitor that works by blocking the action of enzymes that promote cancer growth. … Read more
Gold Injection
Gold injection is a procedure that involves injecting the compound sodium aurothiomalate, which contains gold, into the muscles. It is used to treat severe rheumatoid arthritis by decreasing inflammation. … Read more
Tagrisso
Tagrisso is a drug that is used to treat non-small cell lung cancer. It is a pill that is taken once a day and works by blocking the activity of a protein that helps the cancer cells grow. … Read more
Digital Therapeutics
Digital therapeutics are a form of healthcare that uses digital devices and apps to deliver treatment. The devices and apps can be used to monitor and track patient health, provide education and support, and deliver therapies. … Read more
Trend Highlight – GoodRx
Consumers are often more comfortable paying inconsistent rates when a good or service is one-off – like surgery – and less comfortable paying inconsistent rates when a good is undifferentiated – like prescription drugs, where a price increase doesn't necessarily suggest better product quality.
In spite of this, prescription drugs can have wildly different prices even among stores that are only miles apart. By searching for a specific drug, GoodRx shows users a map of nearby pharmacies with overlaid drug prices.
One of the strongest drivers of growth for GoodRx is doctor recommendations. In fact, GoodRx says that around 1/3 of U.S. doctors provide information about the company to their patients. With access to lower prices, patients can more often afford the medication and are more likely to stick to the treatment course. This means superior results, leading to happier patients and better business for doctors.
Today, more than 10 million Americans use GoodRx every month to lower their healthcare costs.
Trend Highlight – The Changing Dynamics of Clinical Studies
Today, Craigslist is still cited by many universities as the best place to recruit participants for clinal trials.
It’s all part of the great lengths pharma companies go to in order to get their new drugs approved. The total bill for developing a new drug averages around $2.6 billion and part of this is clinical trials. Beyond their direct cost, there’s a huge time cost too. Most clinical trials get dragged out which can cost pharma companies even more in lost revenue.
Even still, clinical trials are very inefficient: 70% of clinical trial participants live more than 2 hours from trial sites.
As telemedicine startups push medicine and testing kits into consumers' homes for treatment, pharma companies are increasingly doing the same for drug research.
By helping to coordinate decentralized trials, Medable is able to reduce clinical trial times by 50%, equating to enormous savings.
Some companies find strategic ways to bypass regulations altogether: Plenity is one of the fastest-growing weight loss aids and even though it looks like a pill, the company behind it was able to get it classified as a medical device rather than a drug.
The FDA approval process for medical devices allows approval in cases where a device shows equivalent functionality to an existing treatment, which is a much cheaper and faster approach than the oftentimes billion-dollar investment of a full clinical trial.
Enterprise
Track every trend in the PharmaCategory
