The technological makeover of pharmaceutical manufacturing
Manufacturing has been revolutionized by technology. However, pharmaceutical manufacturers are only just beginning to see the potential of innovative product creation. The potential benefits of technology in healthcare are vast, and revolutionary techniques are clearing the way for a cost-effective, efficient, and tailored approach to medicinal production.
One study suggests that the cost of bringing a new drug to market is upwards of $985 million. This is then reflected in the cost paid by insurance companies and end-users. The need to accelerate technology to drive these costs down is essential, and innovation is key. Here we look at the technology which is allowing pharmaceutical manufacturing to be revolutionized.