New technologies are emerging in the healthcare leading to Pharmaceutical Innovations. Pharmaceutical companies are moving at a rapid pace in terms of technology to evolve a new pharmaceutical device or a drug. Pharmaceutical innovations are currently guided by a patent system. The patent system protects the innovator from being copied or replicated. Pharma business is bound to increase with innovative pharma.
Patent system provides profitable innovation. These innovations would increase the product health benefits and would bring about development that was some time before unimaginable. With the niche as innovative, the pharmaceutical industry can earn a global profit. However, bringing up an innovative idea in the pharmaceutical industry is challenging.
New Pharmaceutical Innovations
- Precision Medicine: It is an innovative idea that combines the clinical and molecular information to understand the basis of a disease. The details about the disease are obtained by converting the DNA into data via genome sequencing. With this specific gene abnormalities and biomarkers can be identified which would help to know the type of drug required to treat the condition. Even the side-effects that the drug would cause can also be studied. It would bring new targeted therapies and repurpose of pre-existing medicines.
- 3D-printing: A drug named Spritam to treat epilepsy became the first 3D printed drug to be approved by the FDA. This drug works on a 3D printing process. The drug is build up by spreading layers of the drug on top of one another until the right dosage is reached. The technique would allow delivering a high dose of medicine up to 1000mg. The medicine would start it work in seconds as it would be porous enough to dissolve quickly. 3D medicines would be a turnaround for the patients who face difficulty in swallowing the medicines.
- Artificial Intelligence: This approach uses a computer with learning capability. One such artificial intelligence example is IBM Watson. These computers would be able to digest and interpret scientific data to assist pharmaceutical companies in developing new drugs and repurposing the old ones. Previously, Watson has discovered previously unknown connections between diseases. Many big pharmaceutical companies in India and abroad are already using Watson in their research and development field.
- Nanotechnology: It’s a microscopic technology using nanoparticles. Nanoparticles are small size particles that can easily travel in the human blood stream. They contain biological based nanomachines or nanostructures. Recently, nanoparticles have shown assistance in the delivery of anticancer drugs to decrement the toxicity.
Future of Pharma Innovation
Pharma innovations would take the health care system to a new horizon. The new innovative ideas require a lot of research and development. Innovations take a long time after their manufacture to pass the FDA approval. As the innovations are related to human life so their efficiency, accuracy, and safety should be outbound.
Every year, many new pharma innovations come up but merely ¼ surpass the approval. The future suggests a surge in innovations with the development in medical science technology. However, it is difficult to say how well these innovations would balance the benefits and risks.