• profileicon
  • contacticon
  • emailicon

2023 pharma predictions

Submitted by deepak.wanage on Fri, 08/11/2023 - 06:16

The pandemic continued to affect supply chains, inflation was at a recent all-time high, and FDA approvals hit a five-year low. The Inflation Reduction Act was signed into law back in August, promising to limit the pharma industry’s pricing power.

Despite these tests, the industry experienced pivotal moments. Humira’s patent expiration led to CDER’s 40th biosimilar approval — with more to follow. There was a surge of gene therapy approvals, including the first gene therapy for hemophilia B.

Looking into the OSD Crystal Ball: Industry Experts Reflect on Opportunities & Challenges in '23 & Beyond

Submitted by deepak.wanage on Fri, 08/11/2023 - 05:34

The Future of Quality in Manufacturing

The next decade will see pharmaceutical companies change their manufacturing ecosystems with emphasis on product quality, speed to market, efficiency, waste reduction, cost containment and skill retention to meet regulatory and consumer demands. To achieve this, companies are embarking on a digital transformation journey towards a new manufacturing strategy, a concept called Pharma 4.0., to achieve their competitive advantage.

What is pelletisation, and how is it advancing nutraceuticals and dietary supplements?

Submitted by deepak.wanage on Fri, 08/11/2023 - 05:13

Pelletization has attracted much attention across the nutraceutical sector. Experts from ACG explain why.

Nutraceuticals are gaining popularity as an effective tool for maintaining health as public awareness of the advantages of health supplements grows. According to market analysis, the global nutraceutical segment is anticipated to increase in value from $450 billion in 2021 to $746 billion by 2028, with a projected compound annual growth rate (CAGR) of around 8.8%.1

Advanced manufacturing to pave way for pharma industry

Submitted by deepak.wanage on Thu, 08/10/2023 - 14:50

The time has come to transition to sustainable strategies – centred around inclusion, innovation, and integration. 2023 will continue to pave the way towards sustainable manufacturing, with a growing number of organisations placing focus on creating long-term solutions.