INCUBATI

What is Clinical Research?

Clinical research is the medical research involving humans conducted under specific research objectives. There are two kinds, namely, observational research and clinical trials. Under observational research, researchers observe patients in usual settings. They collect data, group patients according to various characteristics, and study changes over a period of time. On the other hand, clinical trials involve participants in a medical research study for which they will be put under surveillance by the research team. The research team will use all methods and means to track and collect data from the participants. The study partner organizes the data collection, analyzes it, presents the findings to the research team and makes recommendations for future studies. The major aim of the clinical trial is to determine the effectiveness of a new medical product or treatment in treating a health problem. Once the research team finds that a particular health problem can be effectively treated with the help of a new product, then they will encourage more participants into a clinical trial. However, when this trial is finished, then the trial participant has no longer been a part of the research team and their contact details and data will not be used by the company any longer. During the clinical trials, data are collected at different stages of the development process. At the first stage, which lasts for about six weeks, data are accumulated and analyzed. The next stage is the control phase, during which the health problem is studied as if there were no treatment. The final stage is the post-phase, during which the product is tried on real people and the effects on them are examined. There are different methods that are used in clinical trials to collect data. Most trials use double-blind procedures, in which patients are assigned to either receive a treatment or to receive a placebo instead. However, some trials use group methods, in which the patients are asked to receive treatment or to placebo. Some trials use simulated procedures in order to make sure that the data collected is accurate. In addition, the method of how the data…

New Management Challenges for the Pharmaceutical Industry

The pharmaceutical industry makes, finds, develops, manufactures, and sells pharmaceutical drugs or medicine for the purpose to heal people, to treat them, cure them, or relieve their symptoms. Pharmaceutical firms can deal in both branded and generic drugs and medical devices. Their sales and development activities encompass research, development, testing, manufacturing and distribution. Many drugs in the world are developed by pharmaceutical companies. The basic function of the Pharmaceutical Industry is the production of medicines. The other functions of the Pharmaceutical Industry are marketing, advertising, corporate affairs, financial management etc. The manufacturing of medicines has a huge scope. In fact it is one of the major producers of goods in the world. With the growth of the economy of any country there is a corresponding increase in the demand for medical services and pharmaceuticals. The Pharmaceutical Industry has come up with new viruses and infections that call for new drugs. It requires large investments from time to develop these viruses and produce efficient drugs. Hence it is not easy to keep the costs under control. With a Usage rate increasing day by day the present market size is $65 billion dollars. This makes the pharmaceutical market one of the largest. With a Usage rate varying from one country to another it is difficult to keep the costs under control. With this many patent producing companies have come up with new drugs that claim to treat different diseases. With the introduction of the internet it has become easier to access the information of all kinds on the subject of healthcare. A search through the internet will yield several websites of pharmaceutical manufacturing and suppliers. These websites provide information on new drugs, manufacturing technologies, the medical claims process and the medical device manufacturers. The pharmaceutical article continues with a discussion of the various pharmaceutical industries and their importance to the economy. As we know there are three prominent sectors in the Pharmaceutical Industry. These sectors are Biotechnology companies, Nanotechnology companies and Organic Drug Manufacturers. The article continues with a discussion on the importance of Pharmaceutical engineering. The article includes a brief discussion…