Artificial Intelligence (AI) is already changing healthcare as we know it. When it comes to identifying numerous life-changing diseases, studies indicate that deep learning or machine-based algorithms beat medical professionals. For example, one international dermatology study, spanning Germany, France and the US, used a deep learning neural network to identify skin cancer. It fed the…

Read More

Big pharmaceutical companies’ credit ratings in the United States have been steadily dropping in the eyes of rating agencies since 2014. There have since been approximately 20 downgrades and only three upgrades among investment-grade firms. Despite these companies receiving acclaim for their rapid response to the COVID-19 pandemic, the strong barriers to competition in the…

Read More

Worldwide prescription drug spending has been on the rise for several decades, as new research discoveries have propelled the sale of life-changing medicines. However, the prices of prescription drugs are not equal among nations, with the US consistently ranking among the highest in the world (see Figure 1). For example, research in 2018 found that…

Read More

The UK has long been criticized by the pharmaceutical industry for the slow rate at which the NHS receives new medicines. According to an analysis by Pfizer in 2017, the UK has a 75 per cent lower uptake of new drugs in their first year of release, rivalled by France, Switzerland, the US, and Germany.…

Read More

Within a relatively short time, Hong Kong has developed into one of the global hubs of biotechnology. Before 2018, the Hong Kong stock exchange (HKEX) had no biotech companies listed, the first being Ascletis Pharma in August 2018. The first few listed companies had limited success, underperforming due to unrealistic valuations. However, in the following…

Read More

News of successful COVID-19 vaccines at the end of last year initially sparked hopes that billions would be vaccinated against the virus in the following months, with pharmaceutical companies like Pfizer and Moderna pledging to deliver doses across the world. However, it has quickly become clear that demand for the vaccine is far surpassing the…

Read More

Psychedelic medicine is emerging as a breakthrough for mental health despite strict regulations and stigma against them. After years of research, drugs like ketamine and psilocybin are finally gaining the credit needed to progress into market-ready pharmaceutical products.   Since the start of the pandemic, the global healthcare system has experienced a setback as frontline…

Read More

Five years ago, the World Health Organisation published a Global Action Plan to attempt to mitigate the growing health crisis caused by antimicrobial resistance. Antimicrobials (including antibiotics, antivirals, antifungals and antiparasitics) are medicines used to prevent and treat infections in humans. Over time antimicrobial resistance arises when bacteria, viruses, fungi and parasites change and no…

Read More