5 LESSONS FOR THE PHARMACEUTICAL INDUSTRY AFTER COVID-19 PANDEMIC
The COVID-19 health crisis has brought strong scientific impacts and advances, while also valuable lessons for businesses, organizations and countries around the world:
One of the advancements of the pharmaceutical industry during the pandemic is nanotechnology in the production of the covid-19 mRNA vaccine - the genetic messenger that codes for DNA into a protein - successfully developed by two pharmaceutical companies - Moderna and BioNTech.
According to Professor Pierre-Yves Geoffard of the Paris University of Economics: "We are at the 'dawn' of a scientific revolution." With a strong wave of disease infections along with the investment of billions of dollars and euros for laboratories, the results were quickly achieved rather than having to proceed for many years like before.
The second is “acknowledgement for young biotech companies,” which often comes from academia. For example, before the COVID-19 pandemic Moderna and BioNTech were unknown names, now they are famous around the world.
Research is usually carried out by biotech companies, then acquired at very high prices by pharmaceutical corporations with a system of factories or networks of subcontractors which are suitable for mass production. We need the speed of the biotech companies, and they need our ability," said Jean-François Brochard, owner of the French group Roche
Thirdly, “Acceleration of licensing procedures” is also a change after covid-19 pandemic.
Previously, it took 10 years to produce a vaccine from lab to market. However, within 10 months for production COVID-19 vaccine has set an unprecedented record thanks to the acceleration of the licensing process. The application process to health authorities is conducted at the same time with the clinical trial process instead of being done step by step as before.
The fourth lesson is "the failure of France". For example, the French company Valneva has not been able to find the funding to develop a vaccine while the German companies BioNTech and CureVac are supported by their government.
According to Mr. Franck Mouthon- President of France Biotech: This is an area that investors consider too risky.
The fifth lesson is “cooperation among industrialists”. The COVID-19 crisis shows the potential for mobilization in the field of vaccine production, while demonstrating that rival corporations can work together. For example, Sanofi will manufacture vaccines from BioNTech, Moderna and Johnson & Johnson. Novartis will also do the same with BioNTech's vaccine.
The Covid-19 pandemic has posed many new challenges for pharmaceutical startups. What needs to be done to be able to survive and develop, especially during this period. The StartUs Insight newspaper based on the analytical research of "1745 famous startups in the pharmaceutical industry in 2020", found the most outstanding startups. To be able to turn challenges into opportunities, pharmaceutical companies have a "secret" for startups to survive the pandemic.
Inspecting tooling and press components for wear or defects could be the most important step in improving tablet quality. There are certain inspection points that are easy to overlook yet can cause significant tablet quality issues and limit tool life. Spend a little time checking the following items for wear or defects to quickly increase tablet quality and reduce tooling cost
The pharmaceutical industry follows the most stringent requirements for manufacturing processes and used equipment also must comply with good manufacturing practices (GMP). As drug development trends change, so do manufacturing processes, much of which can now be automated...
At the Poison Control Center, Bach Mai Hospital has received many cases of poisoning due to the abuse of drug paracetamol to treat COVID-19. Therefore, people should be careful about medicines spread of unknown origin on social networks, before using any medicine that requires a doctor's opinion, not to use it on their own.
From August 1, 2021, businesses can look up the status of certificate of origin form D on the internet. At the same time, enterprises that import consignments of drugs and medicinal ingredients imported from Red Luong must present the original power of attorney, circulation permit and product testing sheet...
Maintaining production, delivery on time and keeping commitments to clients is a remarkable effort, demonstrating Tien Tuan's prestige, internal strength and high competitiveness.
According to the Vietnamese Embassy in India, this is a suggestion made by the big players in the Indian pharmaceutical industry during a trade and investment promotion meeting chaired by Vietnamese Ambassador to India - Mr. Pham Sanh Chau.
With the union of Tien Tuan company and the timely leadership of the manager board, the shipment has been successfully exported to customers in the Asian.
On the purpose of providing to valued clients & readers the latest Vietnamese pharmaceutical news and international pharma production trends, update state-of-the-art features, global technology, we periodically send to you the monthly bulletin.
What do the terms 'containment' and 'isolation' mean in the pharmaceutical industry? Why must all cancer drug production line adopt this system?
Common vocabularies and definition in Pharmaceutical Validation.
This pilot batch of Sputnik V vaccine brings hope to Vietnam's community vaccination campaign.
Before 2020, the concept of Ultra Low Temperature Freezers (ULT) was very little known, except in the medical and related industries. But when Pfizer announced that their vaccines required storage at -70°C, a world reeling from the pandemic took a big interest in the concept of "deep cryo" preservation.
Hand sanitizers are over-the-counter (OTC) drug products. Symptoms of headache, nausea, and dizziness may occur after applying alcohol-based hand sanitizer to the skin. These symptoms can be caused by inhaling vapors from hand sanitizer, by exposure to confined spaces or places with poor air circulation...The US Food and Drug Administration (FDA) has just released a warning about washing hand in this Pandemic.
According to WHO estimates, nearly $40 billion is lost each year to counterfeit products. Not only economic losses, counterfeit drugs also increase health risks, lead to drug recalls, and tarnish the brand image of the struggling pharmaceutical industry.
One of the measures the industry took to overcome this challenge was to implement pharmaceutical serialization to protect the consumers.
Coating becomes an essential technology in pharmaceutical. During last 25 years, the coating layer has obviously undergone some changes. More improvement in coating technologies have been made to enhance higher quality of drug and its manufacturing operation.
There is idea supposed that the traditional pharmaceutical industry is quite conservative and so a multitude of reasons ranging from regulation to financial resources can be given to reason for the delay in the adoption of new technologies. However, we will certainly witness dramatic and innovative changes in the pharmaceutical industry in the coming years as Industry 4.0 is becoming a global technological revolution.
The European Commission has approved the lung cancer drug as an add-on treatment for adults diagnosed early enough for the tumour to be surgically removed, and who have a mutation of the EGFR gene.
Vietnamese pharmaceutical companies are gradually being outdone by foreign competitors. With a series of loosening policies published, Vietnam's pharmaceutical market is a lucrative piece of cake for foreign pharmaceutical companies to jump in.
With production on pause and millions of COVID-19 vaccine doses in limbo, Johnson & Johnson has been hustling to right the ship at CDMO Emergent BioSolutions' troubled Baltimore manufacturing facility. Now, it looks as if relief is in sight.
The pharmaceutical Industry is sensitive to Covid-19 but is slowly recovering. The Covid-19 pandemic is a great challenge for the entire population and manufacturing industries, especially the pharmaceutical industry, in case of strong community spread. However, at the present, the health care target is the main goal and an essential expenditure for the people. Demand for Medicines will only be temporarily delayed in the short term and will gradually recover.
(According to Vietnamreport) Top 10 prestigious pharmaceutical companies are ranked based on scientific and objective principles. Companies are evaluated and ranked based on 3 main criteria: (1) Financial capacity shown in the latest year's financial statements; (2) Media reputation is assessed by Media Coding method - encoding articles about the company on influential media channels; (3) Survey of stakeholders was carried out in October and November 2020.
The COVID-19 pandemic occured in the end of 2019 and officially broke out in early 2020, leading to many complicated consequences, directly affecting public health and the world economy.
It seemed that the pharmaceutical industry would be the main development industry during the Covid pandemic, but on the contrary, the Pharmaceutical industry as well as other industries have suffered a lot of damage from Covid.
The Seminar “How to build pharmaceutical factory complying to EU-GMP?” held by Tien Tuan on August 18th 2017 at Meeting Room No. 2 – Saigon Exhibition and Convention Center , Ho Chi Minh City was a successful event and the topic gathered much attention from industrial specialists and experts from Vietnam pharmaceutical industry.
In order to assist pharmaceutical companies in Vietnam to catch up with the latest development in processing technology, Tien Tuan would like to invite you to come and discuss with us at seminars 1) Telstar – Isolator and 2) Natoli with complete solution for puch, die and tableting. The seminars will be organized at Ha Noi International Exhibition Center – 91 Tran Hung Dao st., Hoan Kiem District, Ha Noi