Share on facebook
Share on linkedin
Share on twitter
Share on whatsapp

Technology Can Build a New Biopharma Business Model

The urgent, shared global race to develop an effective vaccine for the novel coronavirus (Covid-19) dramatically illustrates how the unexpected onset and rapid spread of an infectious disease can upend established biopharmaceutical R&D processes, timetables, and collaborations. It also increases conjecture about other existing and/or emerging forces that may disrupt the Biopharma Business industry identification, prevention, and treatment of diseases in the coming decades.

The five forces of change
Interview participants cited five forces that are already beginning to impact biopharma companies but are likely to disrupt the status quo more dramatically in the years ahead. These forces—driven by players inside and outside biopharma—are listed in order of their potential disruption to the traditional scope of the biopharma sector, are:

  • Prevention and early detection
  • Customized treatments
  • Curative therapies
  • Digital therapeutics
  • Precision intervention
  1. Prevention and early detection

The Covid-19 pandemic shines a light on the importance of effective vaccines to prevent the spread of infectious diseases. However, vaccines, genetic testing and improvements in wellness could help prevent disease on a broader basis, making treatment for some illnesses no longer necessary (and reduce or eliminate the demand for some prescription medicines). Advances in early detection will likely enable interventions that halt diseases in the earliest stages—before they progress to more serious conditions. Today, for example, clinicians can detect the initial stages of melanoma much earlier than in the past, and prompt treatment can eliminate the disease completely. Interviewees suggested that other chronic conditions, such as Alzheimer’s disease, diabetes, various forms of cancer, and rheumatoid arthritis, might be treated more effectively if they are identified earlier.

The groundwork is already being laid for a world with a greater ability to detect and prevent disease. Vaccines are being created that include but expand beyond childhood or common infectious diseases to include certain cancers, for example. The ability to use genetic information to identify patients at risk of developing a disease is another step forward. Advanced analytics applied to data collected from diagnostics, combined with patient health records, could help identify patterns related to the causes and early markers of disease. Pharma companies should benefit by leveraging the insights that come from these advances to develop pathways and treatments for early intervention.

  1. Customized treatments

Personalization in medicine could effectively match patients with customized prescriptions or design therapies that would work for just a few people, or even a particular person (i.e., “n of 1”). Clinicians of the future may be able to examine a range of biomarkers and genetic information—as well as clinical and behavioral digital health data—to determine the appropriate drug combinations for a patient.  This level of customization will likely require copious data—either through the use of real-world evidence (RWE) to effectively target or repurpose existing treatments—or new clinical trial paradigms that help identify high responders and optimal dosing. Early advances in customized treatments likely will be seen with generic and late-life cycle medications, which have considerable RWE to inform disease stratification, tailored dosing, and tailored drug regimens.

Biopharma Business should be at the forefront of understanding which drugs work best for which patients and under which circumstances; however, this will likely require large investments in data and analytics capabilities. Also, the shift toward increasingly customized treatments could have a significant impact on the biopharma supply chain: smaller-volume therapies could require new manufacturing capabilities for both branded products and generics.

  1. Curative therapies

Curative therapies—gene therapies, cell therapies and other time-limited treatments that remove disease symptoms through the permanent (or semi-permanent) correction of the underlying condition—have the potential to reduce the incidence and prevalence of many diseases, especially those driven by single genetic mutations (e.g., certain cancers, sickle cell anemia). As with prevention, treatments that cure disease could reduce or eliminate the demand for some prescription medicines.

While biopharma companies are leaders in the development of curative therapies, they may need to adopt new business models that address the shift from chronic treatment to a one-time treatment. In addition, data will be needed to demonstrate the long-term health economic value of these therapies before widespread adoption can occur. Companies will likely need to develop sophisticated methods for monitoring post-treatment patients to help shape the value story. Also, they may need to explore novel financing mechanisms to enable both access and affordability, given that the short-duration treatment has the potential for a lifetime of benefit.

  1. Digital therapeutics 

Increasingly effective and scalable digital therapeutics, which use software programs to deliver evidence-based interventions to patients that help prevent, manage, or treat a medical disorder or disease, could replace traditional pharmacologic treatments. These digital interventions leverage cognitive behavioral therapy, a well-established and effective (but, thus far, not easily scalable) treatment approach, to enact behavioral change and deliver improved patient outcomes. Virtual coaches, for example, can help patients modify behavior in the moment to reduce the symptoms of anxiety, depression, and insomnia. Sleepio, a digital treatment for insomnia that does not involve drug therapy, is one example that is covered by a PBM in lieu of pharmaceutical sleep agents. Some digital therapeutics are empowering patients to take charge of their symptoms for complex chronic diseases including autoimmune diseases.

The future of digital therapeutics depends on user adoption, the ability to demonstrate results, and pricing and reimbursement optimization. While some patients might try the technology, they may lose interest after a few days or weeks. However, if the digital experience is user-friendly, includes a human touch when necessary, incorporates storytelling (rather than commands), and understands the motivation for each patient, adoption will likely continue to grow.

  1. Precision intervention

Advances in robotics, nanotechnology, tissue engineering, and other medical technologies could lead to dramatically improved outcomes in cancer, infectious disease, inflammatory conditions, and chronic pain. Robotic surgery integrated with augmented/virtual reality, artificial intelligence, and advanced analytics, for example, may make it possible to remove a tumor in a previously inoperable site and eliminate or reduce the need for chemotherapy. Microscopic nanotechnology particles have the potential to enter diseased tissues and deliver more targeted and precise medical interventions. Manufacturers and clinicians could use 3D printing (additive manufacturing) to create highly customized, low-cost medical technology products or restore damaged tissues.

Increasingly sophisticated medical technology could be highly disruptive to biopharma companies by reducing or eliminating the need for major classes of pharmaceuticals such as chemotherapy, insulin, and anti-inflammatories. Therefore, Biopharma Business working in impacted disease areas should consider adopting some of these technologies, or risk operating in a much smaller market in the future.  

Read my more blogs from here

Want to read more such exciting articles and posts?

We will send you a monthly email with a digest of most happening news and events from the sector, straight to your inbox!

Subscribe to our newsletter

Latest Posts

FREE!

Download our free eBook on out-of-the-box Pharma product marketing ideas experimented, implemented, and accomplished by world-renowned players.

What's CME World?

At CME World we bring to you the best possible elearning medical webinars and courses which will help to build your evidence-based practice. We have partnerships and associations with major Indian and international associations, this helps us to design courses which are at par with international universities.

More Articles

Stay in touch with us and grow your business!

© All Rights Reserved 2021