PERFECT TIME TO TALK ABOUT THE PHARMA INDUSTRY
The upcoming years, especially 2023, will present a unique scenario for the pharmaceutical sector. Come 2023; the U.S. expects to see a series of drug pricing reforms. The 2022 ‘ Passage of the Inflation Reduction Act’ effects will also be a significant feature of the 2023 pharmaceutical industry.
The Inflation Reduction Act will lower medical expenses, address the issue of climate change, lower the deficit, and ultimately demand a fair share of payments from the richest corporations.
The reform is quite substantial as it was the first time in several years that lawmakers overcame objections by the drug lobby to restrictions on their capacity to set prices.
The industry is likely to witness an abundance of activities in this regard. However, there are also plenty of opportunities, beginning with closely watched medications for obesity and Alzheimer’s.
In addition, many biotechs are now more affordable than before the stock market crash of last year, which may facilitate deal making. Strategic partnerships are evolving, and the industry relies on them to overcome the impact of the pandemic.
This is an apt opportunity to view the American pharmaceutical industry comprehensively. We have compiled a list of top pharmacy management solution providers. In addition, the edition includes the story of Ned McCoy, a Pharmaceutical veteran.
Orion Health is a U.S.-based and internationally renowned provider of health information technology. Incepted in 1993, the firm has retained the focus on extending solutions, services, and support for the healthcare industry with a particular interest in pharmaceutical management and retail solutions. The Orion EHR solution is an enterprise resource planning solution. This integrates multiple units of the workforce, processes, systems, and functions.
BatchMaster extends industry-specific solutions to ease the process of bringing products to market efficiently and cost-effectively. At the same time, there has to be no compromise on compliance or quality. The firm is headquartered in the U.S. Its pharmaceutical software solutions are aligned with FDA regulations.
The Philadelphia-based Pharma Solutions extends support to the drug and device supply by leveraging innovation and leading experts in the industry. The firm is committed to providing purpose-built technology solutions.
Clevo Technologies extends cloud-powered software solutions that are cost-effective and in sync with compliance requirements. These solutions are oriented towards pharmaco-vigilance and clinical trials.
Established in 2009, Optibrium is based in the U.K. with offices in San Francisco and Boston. The firm has an extensive focus on developing innovative products to improve the drug discovery process.
The company extends global security services and solutions. These solutions and services are oriented toward life science firms. However, several small, medium, or large companies leverage their solutions.
Pharmacie is known for its analytic solutions for improving the commercialization of pharma products. The innovative solutions are based on analytical expertise, industry insights, and an unbiased approach.
AbbVie Inc (AbbVie) is a biopharmaceutical firm with a particular focus on discovering, developing, and commercializing chronic and complex drugs. The focus is neurological, metabolic, viral, skin diseases, cystic, endometriosis pain, gastrointestinal tract diseases, cancer types, and so on.
Lilly is a long-standing pharma and bioscience firm. The focus areas include diabetes solutions, oncology treatments, and pharma care products. The firm was incepted way back in 1876.
Abraxis is one of the famous names in the U.S. pharma industry. The firm is focused on making the perfect medicine available for critical illnesses, including cancer.