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In recent years, there have been large M&A deals involving pharmaceutical and biotechnology companies, and a significant area of expansion in the technology space – health tech. The global life sciences consulting market is expected to grow by around 10% per year from 2024 to 2029. What is life sciences consulting?
It will increasingly help government health agencies, payers, and providers to make decisions about such issues as drug discovery, patient access, and marketing. Historically, the pharmaceutical industry has recruited SAS programmers who have executed well-defined analyses of clinical trials in a standardized, efficient manner.
To understand the nature of the problem, let’s look at how penicillin was brought to market. Profit-driven companies, on the other hand, feel so much pressure to go to market that they often pass on ideas with vast potential. The Valley of Death. Draetta of IACS has found many of the same issues arise in pharmaceutical research.
As we stand on the cusp of a political shift in the United States, the intersection of biotechnology, regulatory policy, and healthcare is poised for profound transformation. A weakened FDA would not only endanger patient safety but also introduce market uncertainty that biotech companies can ill afford.
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