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What Data Means in the Pharmaceutical Industry

Morag Mcgreevey
Dec. 11, 2015 07:53AM PST
Pharmaceutical Investing

Medical care and biomedical research are being transformed by data collection. Pharmaceutical Processing outlines what this means for the pharmaceutical industry.

Medical care and biomedical research are being transformed by data collection. Pharmaceutical Processing outlines what this means for the pharmaceutical industry.
According to the article:

Networked systems, electronic health records, electronic insurance claims databases, social media, patient registries, and smartphones and other personal devices together comprise an immense new set of sources for data about health and healthcare. In addition, these “real-world” sources can provide data about patients in the setting of their environments—whether at home or at work—and in the social context of their lives. Many researchers are eager to tap into these streams in order to provide more accurate and nuanced answers to questions about patient health and the safety and effectiveness of medical products—and to do so quickly, efficiently, and at a lower cost than has previously been possible.
But before we can realize the dramatic potential of the healthcare data revolution, a number of practical, logistical, and scientific challenges must be overcome. And one of the first that must be tackled is the issue of terminology.

Click here to read the full article on Pharmaceutical Processing.

 

pharmaceutical industry the pharmaceutical industry market news medical products biomedical research
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