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Category: Pharmaceutical Industry

Dec
04

21st Century Cures: One Year Later

When President Barack Obama signed the 21st Century Cures Act into law in December 2016, he said “We are bringing to reality the possibility of new breakthroughs to some of the greatest health-care challenges of our time.

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Nov
02

Budgeting for a Pharmaceutical or Medical Device Recall

It’s budgeting season, and most leaders are hoping and planning for a banner year. New product developments. Innovative strategies. Expanded market share. Everyone hopes they will avoid any sort of crisis in the coming year, and as a result, few plan for one. But one of the most disruptive crises medical device and pharmaceutical companies will face is also among the most likely – product recalls. Consider this: Through Q3 2017, 144 companies experienced more than one pharmaceutical or medical device recall.

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Aug
29

A Bitter Pill: Recalled Pharmaceutical Units Increase 444 Percent in Q2

By ExpertSolutions Tags: Recall Index,

Pharmaceutical recall activity saw a disturbing rise not only in the volume of products recalled last quarter, but also in the severity of risk to consumers, according to the Q2 2017 Recall Index. Pharmaceutical recalls increased 6 percent over the previous quarter to 86. More jarring, the volume of recalled drug units circulating in homes and store shelves climbed 444 percent over the previous quarter, making it the most active quarter since Q4 2014.

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Jul
21

The Challenges of Patient-level Pharmaceutical Recalls

When it comes to pharmaceutical recalls, those at the patient level are often very different from those that only affect hospitals, clinics, and other providers. First, there is the challenge of effectively notifying patients. For prescription drugs, the manufacturer typically notifies pharmacies, who then contact patients. Over-the-counter (OTC) medications usually leave no way of contacting the consumer directly, although there are some exceptions, such as retailer loyalty programs.

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May
24

Bitter Pill: Managing Sensitive Pharmaceutical Recalls

Many pharmaceutical recalls are routine. As demonstrated by the most recent Recall Index, they rarely involve the most serious Class I designation. But even when they aren’t high risk, they may be highly sensitive. That’s because pharmaceuticals treat conditions that may not be life-threatening but are critically important – even emotional – to the patients who are prescribed them.

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