Traditional pharmaceutical marketing techniques are becoming less effective. With 80% of online consumers searching for health information regularly, there is a growing need for the pharmaceutical industry to develop integrated online strategies. This figure coincides with the rapid growth of direct pharmaceutical sales to consumers which grew from $700 million in 1997 to an incredible [...]
Here is an excerpt from an article from Future Pharmaceuticals Magazine regarding the special role of professional translations within the pharmaceutical industry, some of the challenges in the process, and the importance of working with a professional translation agency with experience in this specific area. The article features an interview with Jodi Castro, President and [...]
Financial Crises has hit the manufacturer of the medicines considerably, many of the pharmaceutical giants have declined the new job recruitment that they were making every year. In comparison to the last year, the business of the pharmaceutical giants is decreased by the 31%. Even the drugs that were selling like the hot cakes in [...]
Are Pharmaceutical Companies Immune to Recession
The world is going through a crucial time. Recession has hit the world and all industries; more or less, are affected by it. All of a sudden, uncertainty has become a part of almost all the sectors. We have not experienced such a financial crisis since 1930s. The year [...]
One of the biotechs was Repligen, a Cambridge, Massachusetts, firm (founded in 1981) that specialized in efforts to develop treatments for cancer and inflammation, as well as AIDS. Typical in several regards of the new pattern of R&D was the experience of the Merck Research Laboratories (MRL). While pursuing in-house research, the firm also worked [...]
One of the biotechs was Repligen, a Cambridge, Massachusetts, firm (founded in 1981) that specialized in efforts to develop treatments for cancer and inflammation, as well as AIDS. Typical in several regards of the new pattern of R&D was the experience of the Merck Research Laboratories (MRL). While pursuing in-house research, the firm also worked [...]
According to Zucker, in biotech and pharmaceutical industry proximity to potential knowledge-assets and opportunities for commercialization constitutes s a great stimulus to entrepreneurship, especially around “star” scientists or entrepreneurs. In the interdisciplinary study Brewer provides evidence that mentioned inter-organizational alliances differ from traditional hierarchical relationships, because exchanges are external to the companies, and simultaneously those [...]
Fill prescriptions and hand out pills? If only it were that simple! Those who pursue a pharmacy profession perhaps might have cause to wonder just how so much politics got mixed with their job?
Plan B, the “morning after” pill
It hovers conveniently between being a contraceptive and an abortion aid. It is one or [...]
I would like to stress again that I believe prevention is the first point of call.
If you find yourself regularly visiting the doctor or popping pills (even for headaches) it is imperative to examine your current lifestyle. By incorporating supportive eating, appropriate exercise (including not excessively) and consciously trying to reduce stressors (like getting to [...]
This is because Six Sigma aims at minimizing variation in products and processes, and Lean Manufacturing aims at eliminating manufacturing waste.
Possible Areas for Implementation:
-Research and Development
The Research and Development process is the most important process in pharmaceutical companies and forms a major part of costs. The Lean concept is desirable in this scenario to understand [...]
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