02 Sep
2016

It’s no secret that the cost of drugs continues to go up and often reaches such prices that the average patient can’t afford to buy them, even with insurance. That leaves most people wondering how those costs can be reduced so the savings can be passed on to consumers, ensuring that each person is provided with the adequate medical care he or she needs to live with chronic health conditions.

Tackling the billion dollar bill - how drug development costs could be slashed

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Better Data

According to Elsevier’s Pharma R&D Today, better data can dramatically reduce the cost of drug development. In silico modeling is frequently being used to help researchers analyze a much larger pool of data at one time and at a much faster rate. By gathering complete and thorough data faster and more efficiently, researchers can develop drugs more quickly, which naturally cuts costs.

Affimer Technology

Many clinical trial services are attempting to cut drug development costs, but Affimer technology may be one of the most promising trends on the horizon. The technology works by screening potential drug targets against a pool of candidates. By narrowing down what the drug targets and how it can be most efficient, researchers can cut their costs because they will have the results they need at a faster rate. The process is entirely scientific and does not require human participants, but instead identifies, from the pool of candidates, the best molecule for binding to the targets. Eventually, human trials would be needed, but the speed of discovery is reported to be much higher with Affimer technology when compared to traditional methods.

Research and development requires a large amount of equipment and supplies, which drives the cost of a specific medication higher and higher. Time is another factor. The longer it takes to develop a drug, the higher the cost rises, which can translate to a pricier product for consumers. http://www.gandlscientific.com/clinical-research-associates/ is one place that aims to reduce those costs for patients.

Having access to affordable medications can make a difference in quality of life and can help people control chronic conditions without going broke. By doing everything possible to slash the development costs, consumers are at a major advantage when it comes to taking care of their health. It makes sense to create new ways to ensure that everyone has access to the medications they need.

Larry Wilson
http://www.babysleeppositioners.com/
info@rwhfinancial.com