What You Should Know:
Nearly three-fourths of life sciences organizations surveyed have invested in digital pathology to advance drug research and development (R&D), according to new research commissioned by Proscia®. Over half of these organizations (53%) still center their operations around legacy software systems primarily for basic image viewing despite growing adoption of artificial intelligence (AI) to accelerate the introduction of breakthrough therapeutics.The “2023
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Life Sciences | News, Analysis, Insights - HIT Consultant
Simple HealthKit Launches At-Home Testing Kits on Walmart.com
What You Should Know:
Simple HealthKit, which provides the first human-centric, complete diagnostics platform with access to follow-up care for respiratory health, sexual health and chronic conditions partners with Walmart to make Simple HealthKit’s at-home HbA1c (Diabetes), Respiratory Wellness and Sexual Wellness Tests available at Walmart.com*.Simple HealthKit’s HbA1c (Diabetes) Tests identify key markers for Type 2 diabetes. Its Respiratory Wellness Tests identify Influenza A,
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Range Biotechnologies Raises $5.2M to Advance Proteomics for Precision Health
What You Should Know:
Range Biotechnologies (Range Bio) announced $5.2M in seed funding, led by TechBio-focused ARTIS Ventures with participation from Pear VC, Page One Ventures, Civilization Ventures, Pillar, Four Cities Capital, Hawktail, and others. Proteomics, the study of proteins in the body, has the potential to improve human health in several ways. For example, proteomic studies can help identify which proteins correlate with a certain disease or drug response.
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Regulators Force Medical Device Manufacturers to Protect Against Cyberattacks
There is a fine line that connects the cars we drive and the medical devices we occasionally use. Both connect to the internet, and as such, are exposed to cyberattacks that could compromise consumers' safety. These are not theoretical risks: Bluetooth vulnerabilities exposed millions of vehicle users to cyberattacks; a 19-year-old teenager remotely infiltrated 25 Tesla vehicles in 13 countries switching the engines on and off; Medtronic insulin pumps were hacked remotely by Whitehat
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Finance: Elevation Oncology Announces Pricing of $50M IPO
What You Should Know:
Elevation Oncology, Inc. (Nasdaq: ELEV), an innovative oncology company focused on the discovery and development of selective cancer therapies to treat patients across a range of solid tumors with significant unmet medical needs, announced the pricing of an underwritten public offering of (i) 17,810,000 shares of its common stock and, in lieu of common stock to investors that so choose, pre-funded warrants to purchase up to an aggregate of 4,440,000
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Too Many Chatbots? What Is The Right Mix of AI/Human Interactions?
Pharmaceutical companies across the globe are currently investing in artificial intelligence (AI) to overcome challenges surrounding the support of inquiries from healthcare professionals (HCPs). In fact, according to an Informa study, 58% of life science experts believe that advanced AI agents have the potential to deliver HCP engagement experiences comparable to human experts. Blending humans and AI agents help to address rising expectations and demand for constant multichannel access to
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HCP Marketing in the Pharma Industry: A Comprehensive Strategy for Engaging Healthcare Professionals
HCP marketing, also known as healthcare professional marketing, plays a vital role in the pharmaceutical industry. It focuses on engaging and informing healthcare professionals about pharmaceutical products, treatments, and services. In this article, we will explore the meaning of HCP marketing, its elements, and its significance in the digital era.
What is HCP Marketing?
HCP marketing refers to the strategic efforts undertaken by pharmaceutical companies to connect with healthcare
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Monopolization in Healthcare Could Affect Access to Quality Treatment
Consolidation and the threat of monopolization in healthcare are rising. The pharmaceutical industry has experienced a wave of accelerated consolidation since 2010. In 2019, the industry saw a record-breaking 1,276 pharmaceutical M&A’s, representing a total value surpassing $411 billion. Monopolistic practices within healthcare and pharmaceutical industries not only hurt a healthy economy, but they also ultimately limit patients’ choices when it comes to healthcare options, further eroding
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Navigating the Challenges of Biosample Consent in Clinical Trials
In the age of biotechnology, biosample collection has become an essential part of medical research. Through this process, samples are taken from patients through a variety of sources, including blood, tissue, saliva, hair, and other bodily fluids. The samples are then analyzed for their genetic, biochemical, or physiological properties, and the findings are used to further the understanding of human health, disease and the environment.
Many times, during clinical trials, sponsors will want to
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AI in Drug Discovery Market to Reach $4B by 2027
What You Should Know:
The AI in Drug Discovery market in terms of revenue was estimated to be worth $600M in 2022 and is poised to reach $4B by 2027, growing at a CAGR of 45.7% from 2022 to 2027 according to a new report published by MarketsandMarkets™. The report cites the growing need to curb the drug discovery cost & reduce the overall time taken in this process, the rising adoption of cloud-based applications and services, and the impending patent expiry of blockbuster
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