According to WHO estimates, nearly $40 billion is lost each year to counterfeit products. Not only economic losses, counterfeit drugs also increase health risks, lead to drug recalls, and tarnish the brand image of the struggling pharmaceutical industry.
One of the measures the industry took to overcome this challenge was to implement pharmaceutical serialization to protect the consumers.
Coating becomes an essential technology in pharmaceutical. During last 25 years, the coating layer has obviously undergone some changes. More improvement in coating technologies have been made to enhance higher quality of drug and its manufacturing operation.
There is idea supposed that the traditional pharmaceutical industry is quite conservative and so a multitude of reasons ranging from regulation to financial resources can be given to reason for the delay in the adoption of new technologies. However, we will certainly witness dramatic and innovative changes in the pharmaceutical industry in the coming years as Industry 4.0 is becoming a global technological revolution.
The European Commission has approved the lung cancer drug as an add-on treatment for adults diagnosed early enough for the tumour to be surgically removed, and who have a mutation of the EGFR gene.
Vietnamese pharmaceutical companies are gradually being outdone by foreign competitors. With a series of loosening policies published, Vietnam's pharmaceutical market is a lucrative piece of cake for foreign pharmaceutical companies to jump in.
With production on pause and millions of COVID-19 vaccine doses in limbo, Johnson & Johnson has been hustling to right the ship at CDMO Emergent BioSolutions' troubled Baltimore manufacturing facility. Now, it looks as if relief is in sight.
The pharmaceutical Industry is sensitive to Covid-19 but is slowly recovering. The Covid-19 pandemic is a great challenge for the entire population and manufacturing industries, especially the pharmaceutical industry, in case of strong community spread. However, at the present, the health care target is the main goal and an essential expenditure for the people. Demand for Medicines will only be temporarily delayed in the short term and will gradually recover.
(According to Vietnamreport) Top 10 prestigious pharmaceutical companies are ranked based on scientific and objective principles. Companies are evaluated and ranked based on 3 main criteria: (1) Financial capacity shown in the latest year's financial statements; (2) Media reputation is assessed by Media Coding method - encoding articles about the company on influential media channels; (3) Survey of stakeholders was carried out in October and November 2020.
The COVID-19 pandemic occured in the end of 2019 and officially broke out in early 2020, leading to many complicated consequences, directly affecting public health and the world economy.
It seemed that the pharmaceutical industry would be the main development industry during the Covid pandemic, but on the contrary, the Pharmaceutical industry as well as other industries have suffered a lot of damage from Covid.