Industry expects movement on drug pricing and access during 2019, but what other trends and events are we likely to see? We asked experts in a range of pharma-adjacent businesses for their predictions, hunches, and informed guesses.
“[Data] is one of the really difficult things for startups to [access],” said Fabio Gratton, one of the contest judges. “You can’t prove your solution or test your algorithm without doing a study to collect data. So for Novartis to share data with the startups was brilliant.”
Digital health incubator Alchemy Factory is the #7 fastest-growing private company in Orange County, according to the OC Business Journal based on revenue from its top-performing companies: SONIC health, inVibe Labs, and CureClick.
This story is all about introducing digital marketing techniques to clinical trials. This is a critical issue that will only get more important as pharma searches for more niche and rare-disease drugs to improve patients' health.
OC Startups Now periodically run Q&A’s with interesting entrepreneurs, in their own words. Our first is with Fabio Gratton, founder of the Alchemy Factory, a digital health incubator in Costa Mesa. He also founded the Alchemy Fund; he’s looking to bring in some partners to get it up to $500,000 with a focus on companies in the health and wellness space.
Clinical trials are essential to the industry and, as drug development costs continue to rise, they are more important to its growth than ever before. “We've never had this many trials, and there is more complexity,” says Fabio Gratton, cofounder and CEO of CureClick.