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The Gains and Pains of Using AI in the Pharmaceutical Industry

HIT Consultant

Contributing factors to this included larger trial sizes, the need to assess health technology, the requirement to provide data on comparative drugs’ effectiveness, and most importantly the high failure rate. A study in 2020 concluded that the estimated median capitalized research and development cost per product was $985 million.

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Bone Health Technologies Acquires Wellen to Deliver Personalized, Non-Drug Osteoporosis Care

HIT Consultant

A Comprehensive Solution Anchored by Innovation This acquisition positions BHT to achieve its vision of a holistic bone health solution. The Wellen program will bring tremendous value to our platform,” said Laura Yecies , CEO of Bone Health Technologies.

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Should Dynamic Drug Pricing be Incorporated into Cost-Effectiveness Analyses?

Healthcare ECONOMIST

Cost effectiveness analyses (CEA) aim to examine how a new health technologies impact health outcomes and costs over a patient’s lifetime. This is particularly relevant for pharmaceuticals. The need for dynamic pricing is particularly important when comparing pharmaceutical to non-pharmaceutical health technologies.

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Movano Health Receives FDA Clearance for Evie Ring Pulse Oximeter

HIT Consultant

What You Should Know: – Movano Health , a health technology innovator, has achieved a significant milestone with the FDA 510(k) clearance of the pulse oximeter integrated into its Evie Ring. A global pharmaceutical company and CRO: To utilize the Evie Ring in upcoming clinical trials. ”

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CareYaya Unveils AI-Powered Smart Glasses to Assist Dementia Patients

HIT Consultant

What You Should Know: – CareYaya Health Technologies , a leading innovator in AI-powered solutions for the aging population, has launched MedaCareLLM, a new AI platform designed to assist individuals with dementia and Alzheimer’s disease. Shah , CEO and co-founder of CareYaya Health Technologies.

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Verily Powers Otsuka’s Longitudinal Registry to Advance Mental Health Research

HIT Consultant

What You Should Know: – Otsuka Pharmaceutical Development & Commercialization, Inc. Otsuka) , a global pharmaceutical company, and Verily Life Sciences LLC (Verily) , a precision health technology company, have teamed up to launch a groundbreaking research initiative called “ My Mental Health Journey.”

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Philips Appoints Charlotte Hanneman as New CFO, Succeeding Abhijit Bhattacharya

HIT Consultant

Charlotte-Hanneman, CFO at Philips What You Should Know: – Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, has announced the appointment of Charlotte Hanneman as its new Chief Financial Officer (CFO). Hanneman brings over 20 years of experience in the MedTech and pharmaceutical industries. – Ms.