The Chronicle of Healthcare Marketing - September 2018

Page 1

HCM_May_2018_rar24_aug 2014 cd37.qxd 10/2/2018 4:13 PM Page 1

TECH TRENDS WORTH WATCHING: Our list of the top technological developments that are going to change healthcare • 4 EDUCATING CONSUMERS: Denmark’s Cancer Society targets Danes headed to sunny destinations • 8

MY TURN: 25 per cent of Canadian seniors are taking 10 or more medications per day • 14

$7.95 · September 30, 2018 · Covering Canadian and Global Pharmaceutical Economics · www.pharmacongress.info

Publications Mail Agreement No. 40016917

Global coalition against HIV and AIDS

Bonny Prince Harry (right) and Elton John (below) launched the MenStar Coalition in July at the International AIDS Conference in Amsterdam. Funded by a number of foundations and supporters including Johnson & Johnson and Gilead, the Coalition will invest $1.2 billion to engage men in new and innovative ways to break the cycle of HIV transmission. The first project is to launch an HIV self-testing campaign aimed at young men in Kenya. A Richmond, BC company, bioLytical Laboratories, has developed a one minute INSTI HIV Self Test.

n Blockchain’s promise is that it may overcome the trust issues plaguing research, medical records, and more

I

By Kyra White,

Preparing for the inevitable Black Sky

© MMXVIII, All rights reserved. Chronicle I/R Ltd.

n Lessons learned as Hurricane Maria disrupts Big Pharma production in Puerto Rico

W

OF THE CHRONICLE OF HEALTHCARE MARKETING

HURRICANE MARIA STRUCK the US territory of Puerto Rico in late Sept. 2017, there were concerns about the potential disruption of pharmaceutical and medical device manufacturing on the archipelago, and its impact on international stocks of medical supplies. There are more than 80 pharmaceutical and medical device manufacturing plants based in Puerto Rico, includLouissant ing Amgen, Abbott, AstraZeneca, Baxter, Bristol-Myers Squibb, GlaxoSmithKline, Lilly, Medtronic, Novartis and Procter & Gamble. In discussions with professionals on the scene, T HE C HRONICLE OF HEALTHCARE MARKETING has learned that development and execution of preHEN

paredness plans across sectors allowed for minimal to no interruption in supply of medical products to patients, and protected the safety and security of medical company personnel across the islands. But these same observers say Hurricane Maria should serve as a learning experience to further improve preparedness for future severe weather events and other emergencies. IDENTIFYING DEPENDENCIES

Hurricane Maria was considered a ‘Black Sky Event’—a situation where there was complete or almost complete loss of critical infrastructure, said Nicolette Louissant, executive director of Healthcare Ready, in an interview with THE CHRONICLE. Healthcare Ready is a US-based nonprofit organization, set up shortly after Hurricane Katrina in 2005. The organization focuses on questions of preparedness and response to disasters and seeks to act as a central link between private sector healthcare, the healthcare industry and supply chain, and public health and emer-

of THE CHRONICLE OF

HEALTHCARE MARKETING

We a t h e r p a t t e r n s

By John Evans,

Will blockchain revolutionize the pharma industry? Te c h n o l o g y

gency management agencies. “Being able to plan for an event like [Maria] is really a matter of thinking about what the key dependencies are for parts of medical manufacturing operations and how best to mitigate problems and create plans, and to bring in infrastructure to allow operations to sustain at some level until those critical dependencies are restored,” said Louissant. Shortly after Maria damaged Puerto Rico, Dr. Scott Gottlieb, the commissioner of the US Food and Drug Administration (FDA) told the House Energy and Commerce Committee’s subcommittee on Health that there were approximately 40 medications the FDA was concerned might be in short supply, according to The New York Times (Oct. 4, 2017). Turn to Hurricane Maria page 6à

N A FIELD WHERE EXPERT STATUS IS

granted after one year in the industry and three years can turn you into a dinosaur, blockchain is set to revolutionize the way pharma thinks about longstanding healthcare challenges and data management. That was one of the conclusions at the Blockchain in Healthcare conference in Toronto this past June. The conference, attended by early blockchain adopters, software developers, blockchain enthusiasts, policy makers, medical professionals, and industry leaders, addressed the question of how blockchain might transform the healthcare industry. Blockchain is a digital, decentralized, public ledger that tracks transactions in a chronological and secure fashion. A blockchain begins with a new transaction being put into a block, and each block is connected to the one before and after it. Transactions are then blocked together creating an irreversible chain—a blockchain. TRANSACTION VERIFICATION

Cryptocurrency, like Bitcoin, is one example of a system powered by a blockchain solution. The platform has all the necessary elements in a transaction-driven industry—it is distributive and is simultaneously permissive and secure. Blockchain is used to verify transactions of goods and services eliminating the need for a third party, such as a bank. Using a blockchain creates a permanent record of the transaction that cannot be changed, and its authenticity

Turn to Blockchain page 10à


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.