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Executive Education Program

Why is Continuous Learning Important in the Biopharmaceutical Industry?

Biopharmaceuticals are medications that are made, extracted, or semi-synthesized from biological resources. The biopharmaceutical industry was one of the primary industries that needed to alter as a result of the worldwide pandemic, COVID-19. This Harvard Medical School article emphasizes why continuous learning is essential for keeping up with biopharmaceutical industry advances while highlighting three of the most crucial trends that have emerged in the aftermath of the epidemic.

The article explores “emerging modalities” as the first of three important themes that may be significantly responsible for influencing the industry’s future. According to the article, cell-based treatments, gene therapies, and nucleic-acid-based therapies have lately gained popularity over small molecule medicines and biologics. “These treatments and technologies are extending people’s toolbox for dealing with sickness”, a statement by Dr. Parker, MD of Harvard Medical School, is worth noticing. The article suggests that these modalities will be extremely revolutionary in the next few years. The article discusses the potential growth in the usage and dependence on data as the second major shift to be executed in the biopharmaceutical industry. According to the article, we should now be prepared to witness artificial intelligence and machine learning integrated into all aspects of healthcare and life science innovation. According to the article, some of the impressive applications of these technologies in the field include identifying people who are likely to benefit from a drug, better statistical analyses of clinical trial results and real-world evidence, and evaluation of radiology and pathology images, genomics, and other data, using AI to screen for cancer or detect its progression. Finally, the article emphasizes that reinventing industrial-academic partnerships is one of the final projected developments to be seen in the sector shortly. According to the article, industry and academia frequently collaborate throughout the process, from discovery to development through distribution. Such advancements are anticipated to result in several improvements for the benefit of patients.

The biopharmaceutical industry is on its way to a major overhaul. The three important breakthroughs aforementioned are likely to be realized in the sector soon.

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