With only three years in operation, MEDS' 1-hour delivery mobile pharmacy is leading new customer behavior for online shopping during Covid-19. The question is – can it sustain and leverage its market advantage for future growth beyond the outbreak?
Currently, it takes a staggering 10-15 years and costs $2.6 billion to develop a new drug, and an astonishing proportion of this is lost in the 90% of candidates that fail. AstraZeneca is one of the world’s largest Pharmaceutical companies and is incorporating AI in every step of the R&D chain from drug discovery to launch to make this process safer, quicker and less costly.
PillPack, a full-service pharmacy, was recently bought by Amazon for $1 billion and is now poised to disrupt the retail pharmacy market.
CVS recently announced the acquisition of U.S. health insurer Aetna Inc for $69 billion, with the goal to introduce lower-cost medical services in pharmacies. Will the move stop CVS stock price decline as Amazon threatens to enter the pharmaceutical market?
Using data to discover treatments faster
No one can deny that PatientsLikeMe is a success story. From its humble beginnings as an online community for patients living with ALS, PatientsLikeMe has grown to be the largest social network and patient community online. The numbers recorded for […]