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Why AI and blockchain are the solutions to developing orphan drug
We are in the midst of a significant shift in pharmaceutical drug development, with many leading companies focusing increasingly on orphan drugs targeted at small niche markets. An orphan disease is a medical condition or disorder that affects less than 200,000 people in the US. The National Institutes of Health (NIH) has classified as many …
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Who will be the disruptor that pharma is waiting for?
Companies that thrive on sustaining products over a long period are always at risk of classic disruptive innovation—losing business to a smaller company with fewer resources that jumps in, improves a product, makes it more affordable, and broadens its appeal to more people. Disruptive innovators create new markets and reshape existing ones. Take, for instance, …
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Blockchain can take pharma collaboration and innovation to new heights
The idea that a company’s success depends on how much it can leverage the skills of its employees’ bright minds is rapidly becoming an outdated concept. Companies that are equipped with technologies for collaborating with a vast pool of global talent will build a competitive advantage. Collaboration is essential for innovation and efficiency. Open source …
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New Blockchain Platform from Innoplexus Will Bring Us Better, Cheaper Drugs
Redundancies in any professional field mean dollars lost. But in healthcare, inefficiency can cost lives. That’s a reality that Gunjan Bhardwaj came to understand when his friend and mentor was diagnosed with cancer. When Bhardwaj accompanied him during grueling rounds of chemo, he was appalled at the lack of information evidence from which to draw …
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How Eliminating Data Silos Will Democratize Pharma R&D
In this special guest feature, Gunjan Bhardwaj, Founder and CEO of Innoplexus, discusses how data silos in pharma prevent the latest advancements in machine learning and data analytics from operating at their full potential, how AI and blockchain are transforming incentives in data sharing practices to promote greater transparency, and how companies can leverage open …
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Why blockchain is a dream come true for pharma researchers
Researchers tend to have a genuine scientific curiosity and desire to make the world better with their discoveries. They are often thrilled about laboratory experiments and preclinical studies, regardless of their outcomes. However, one big problem in scientific research is that there are only rewards for publishing “positive” outcomes. Most studies with questionable outcomes never …
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Four steps to building an innovation culture in pharma
The quest for innovation is a major driving force in pharma. From the discovery of therapeutic biologicals in the 1920s, such as Salvarsan and insulin, to the blockbuster drugs birthed in the 1990s, such as Lipitor and Humira, pharma has always been on a quest for novel, groundbreaking drug development. However, advancements in technology are constantly …
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How AI and Blockchain Can Help Pharma Companies Avoid Duplicative Work
“If I have seen further than others, it is by standing upon the shoulders of giants.” – Isaac Newton There is nothing new under the sun. Innovation is an iterative process—all new discoveries are built upon previous ones. Take, for instance, Albert Einstein’s discovery of the theory of general relativity. A little over 100 years …
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How The Ethereum [ETH] Blockchain Is Powering The Next Generation Of Pharma Innovation
Ask the average person about the blockchain, and you’d be lucky if one in ten could tell you – even in vague terms – how the technology works, or even what it is. Buzzwords like Bitcoin will probably be uttered, but aside from cryptocurrencies, understanding of practical uses for blockchain technology has yet to hit …
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