October 26, 2015.
Following high-profile drug-price criticisms from Hillary Clinton and others, Fortune last week reported Biogen's George Scangos and Lilly's John Lechleiter comments that the industry "is quietly formulating its response plan". Scangos said the industry "is preparing a thoughtful presentation of a different perspective on drug prices and the value that we bring to patients and the medical community," while Lilly commented: “You can expect to see more coming from the industry." Lechleiter explained: “We have a great story to tell. If you look at the hepatitis space, the cancer space, diabetes-there are huge advances in recent years…I’ve never been as optimistic about our chance to make a difference.” He said that the media focuses on drug price hikes has overlooked the fact that expense of drugs as a proportion of healthcare spending has remained “remarkably constant” over the years. Scangos noted that "[if] we bring forward innovative drugs that make a difference in the lives of patients, they’ll continue to get attractive pricing." http://fortune.com/2015/10/22/big-pharma-wont-stay-silent-in-drug-pricing-debate-for-long/
The Impact of Artificial Intelligence on the Creation of Medicines
October 24th 2024Najat Khan, chief R&D officer, chief commercial officer, Recursion, and Fred Hassan, director, Warburg Pincus, discuss how artificial intelligence can help reduce healthcare costs at the 20th Annual Young & Partners Pharmaceutical Executive Summit held at the Yale Club of New York.
Plan Ahead: Mastering Your AI Budget for 2025 Success
October 9th 2024Generative AI is just one part of the artificial intelligence and machine learning that is being used by life science organizations, emerging as a major area of interest and an area in which costs and ROI are still largely unknown.