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Artificial Intelligence related social media posts increased by 32% in the pharma industry in Q1 2023

Pharmaceutical Technology

The global pharma industry experienced a 32% rise in social media posts on artificial intelligence in Q1 2023 compared with the previous quarter, with the highest share accounted for Healthcare Information and Management Systems Society, according to GlobalData’s analysis of social media posts. Buy the report here.

Marketing 130
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Biotech funding recovery predicted for 2024

Drug Discovery World

The biotech market is heading to recovery in 2024, following a marked downturn in investment in 2022 and 2023, according to healthcare industry professionals. GlobalData spoke to 115 healthcare industry professionals in November 2023. Stabilising interest rates may also prompt a return for a more promising outlook.”

Marketing 115
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Congenital fibrinogen deficiency market forecast to reach $800m across 3MM by 2031

Pharmaceutical Technology

The congenital fibrinogen deficiency (CFD) market is expected to grow at a compound annual growth rate (CAGR) of 1.7% through 2031, reaching over $800m across the three major markets (3MM: US, Germany, and Japan), according to GlobalData’s recent report: Congenital Fibrinogen Deficiency: Opportunity Assessment and Forecast.

Marketing 130
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KFA-115 by Novartis for Melanoma: Likelihood of Approval

Pharmaceutical Technology

According to GlobalData, Phase I drugs for Melanoma have a 76% phase transition success rate (PTSR) indication benchmark for progressing into Phase II. GlobalData’s report assesses how KFA-115’s drug-specific PTSR and Likelihood of Approval (LoA) scores compare to the indication benchmarks.

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(LAI-287 + semaglutide) by Novo Nordisk for Type 2 Diabetes: Likelihood of Approval

Pharmaceutical Technology

According to GlobalData, Phase III drugs for Type 2 Diabetes have a 53% phase transition success rate (PTSR) indication benchmark for progressing into Pre-Registration. GlobalData’s report assesses how (LAI-287 + semaglutide)’s drug-specific PTSR and Likelihood of Approval (LoA) scores compare to the indication benchmarks.

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CMO Moves: Regulatory catalysts for drug manufacturing-December

Pharmaceutical Technology

The successful implementation of these contracts is necessary to ensure that a newly approved drug or an investigational therapy that is ready to advance to the next pivotal stage of clinical evaluation is manufactured in a timely manner. Previously, Iomab-B received an EMA orphan drug designation for patients with this condition.

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Risk-sharing agreements are growing at a rate of 24%

Pharmaceutical Technology

million, according to GlobalData’s Price Intelligence (POLI), making it the most expensive drug in the world. Partly in response to such drugs, risk-sharing agreements (RSAs) have increased in popularity and aim to mitigate the risks of including high-cost drugs on reimbursement lists and healthcare plans.