The pharmaceutical industry has always been under the spotlight, especially today, given the global health crisis. Be it the development of the COVID-19 vaccine and other related drugs, or its product quality assessment, these companies have been juggling too many balls to support the public healthcare system. Thankfully, the concurrent adoption of digital technologies like artificial intelligence (AI), machine learning (ML), AR/VR, the internet of things, and blockchain, has helped pharma companies address several of these challenges effectively and make lives easy (and safe) for millions of patients.
For instance, today, pharma companies worldwide are leveraging advanced ML algorithms and AI-powered tools to streamline the drug discovery process. These intelligent tools are designed to identify intricate patterns in large datasets, and hence, solve challenges associated with complicated biological networks. Another key benefit of blockchain technology is creating an auditable trail and establishing drug provenance across the entire supply chain. With a decentralized blockchain solution, both drug manufacturers and patients would independently verify the quality and point of origin of drugs quickly and securely.
In addition, AR/VR is being used by many pharma companies. Pharma companies often use complex equipment that is difficult to operate and needs trained specialists to manage them. This complex equipment can be better explained to the operators with the help of virtual reality. Practice sessions for equipment operations also ensure minimal need of on the job training.
At this juncture, there is a variety of pharma tech companies who are entering the market to cater to the different needs of enterprises. To help them choose the solution that best fits their requirement, Pharma Tech Outlook has compiled lists of top pharma tech companies in the APAC region. Besides, the magazine also comprises insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for aspiring CIOs.
We present to you Pharma Tech Outlook’s, “Top 20 Pharma Tech Companies in APAC – 2021.”
