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Patient Impact
During times of drug shortages, it is patients who suffer. Alternative drugs are used, modifications in treatments occur and costs increase. Between 2011 and 2014, the US Food and Drug Administration announced that there were 456 instances of drug shortages, ranging from sterile injectables, anti-infectivesand oncology treatments. Multiple factors contribute to drug shortages, including quality, manufacturing complexity, speed of regulation, decreased margins and inventory-related issues. Disease progression / worsening of symptoms.
Patients are impacted with:- Risk of adverse events, greater toxicity, development of drug resistance, exposure to falsified medicines, suboptimal treatment or therapeutic failures and emotional distress for patients and their families.
Market Overview
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The facts and figures
In the last 20 years, medicine shortages have become a growing worldwide issue, and the problem is only getting worse. These shortages have adverse economic, clinical and humanistic outcomes to both patients and the healthcare providers.
In many developed countries, pharmaceutical products in shortage often become political problems. Be
In the last 20 years, medicine shortages have become a growing worldwide issue, and the problem is only getting worse. These shortages have adverse economic, clinical and humanistic outcomes to both patients and the healthcare providers.
In many developed countries, pharmaceutical products in shortage often become political problems. Before the UK left the EU’s single market, many warned of the risk of medical supply shortages. MEPs adopted a draft report on 12 October to strengthen the EU’s pharmaceutical strategy, so every patient has reliable and timely access to medicines as shortages have been increasing since 2000.
MEPs called on the Commission, member states and EMA to develop:
“an early warning system for drug shortages, based on a transparent and centralised European digital platform”.
The facts and figures
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The facts and figures
EAHP 2019 Medicine Shortage Survey of hospital pharmacists;
95% of Hospital Pharmacists consider shortages a current problem
Satisfaction with existing reporting systems was low (48%)
PGEU 2019 Medicine Shortage Survey - community pharmacists
In 67% of countries, over 200 medicines were listed as in short supply
Pharmacy staff spend 6,6 hours
EAHP 2019 Medicine Shortage Survey of hospital pharmacists;
95% of Hospital Pharmacists consider shortages a current problem
Satisfaction with existing reporting systems was low (48%)
PGEU 2019 Medicine Shortage Survey - community pharmacists
In 67% of countries, over 200 medicines were listed as in short supply
Pharmacy staff spend 6,6 hours per week dealing with shortages
25% reported that there is no reporting system for shortages
PDA 2020 UK Pharmacists Survey
Shortages affect 21% of prescription drugs
90% report shortages increased in last 12 months
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Powered by People, augmented by AI
Powered by People, augmented by AI
With a hard fought solution to the global shortage of medicine, addressing supply and demand gap for these scarce drugs. We're developing AI that finds what you need in time with real-time data on hand; creating an early warning system before looming drug shortages occur which will help mitigate their effects by connecting patients' needs
With a hard fought solution to the global shortage of medicine, addressing supply and demand gap for these scarce drugs. We're developing AI that finds what you need in time with real-time data on hand; creating an early warning system before looming drug shortages occur which will help mitigate their effects by connecting patients' needs as they arise with available medications. We analyze data in real time, extract insights and recommend what to do blending prescriptive and predictive analytics.
A new kind of customer service. A peer to peer facilitation that improves access, lead times and patient outcomes. Helping our customers to generate value through powerful insights. Unique operating system that sits above the fragmented network of existing on-demand activities.
Making access more ethical than ever before.