Thursday, October 4, 2018

Pharmaceutical trends that shaped 2018 .



The pharmaceutical industry is as demanding as any other industry, if not more. Advancements in research and development are constant demands, significantly changing the industry’s paradigm in the past year. Here are some trends that shook the pharmaceutical research world in 2018, rightfully dictating its future.


Adaptation of artificial Intelligence in biotech. Considering the many kinds of AI technology introduced in the past couple of years, it’s no surprise pharmaceutical companies are hunting down the latest AI trends to speed up or improve their research. Collaborations between AI-driven companies and life science companies became a huge trend. A good example is Genentech’s partnership with GNS Healthcare in identifying novel cancer drug targets.

The sudden march of technology giants. Amazon and Google made their presence known in the pharmaceutical realm this year by purchasing online pharmacy PillPack, and instituting the Google Life Sciences’ revamp, respectively. With the data-gathering and -processing capabilities of these companies, the development of many other studies gained new heights. These tech giants are re-shaping procedures for clinical trials, thus challenging traditional companies to keep up with the race.

Bioprinting. Cellink, a start-up, became the first company in the world to offer 3D-printed bioink— a liquid that allows the growth of human cells. This year, the company has started to produce bioprints of other parts of the body, such as noses and ears meant for cosmetic and drug trials.
An award-winning entrepreneur and business leader, Steven Scansaroli has behind him a career record of defining and implementing strategies driving revenue, profit, and competitive market advantages in startups, turnarounds, and Fortune 500 companies. He has had more than 20 years of industry experience in medical devices, healthcare, chemicals, and pharmaceuticals. For more articles like this, visit this page.

Wednesday, September 12, 2018

Significant technologies changing the healthcare industry.

These days, even the healthcare industry has gone digital. Innovations and advanced informatics have become essential in diagnosis and treatment. Here are some examples of significant technologies transforming the industry of wellness:


Artificial Intelligence These days, AI is becoming more commonplace in the healthcare sector. Aside from helping administrative and diagnostic operations in hospitals, the maximization of AI could translate to lesser costs in the long run. AI in crucial tasks such as surgeries, diagnoses, and even in monitoring dosage is effective assistance to healthcare personnel and provides better services for patients.

Healthcare tracking These days, wearable tech and smartphone apps are helping individuals manage their health. More than providing stats like heart rate, distance traveled, and hours of sleep, newer tech also help patients with heart and nerve conditions. Big data and analytics facilitate the monitoring of bodily functions and contribute to accurate diagnosis.

Digital health intervention Instead of simply monitoring a person’s body, connected machines can also deliver medication and assist patients with treatments. These days, innovations such as ingestible sensors, connected glucose monitors, connected inhalers, and other technologies are helping users function while on continuous treatment.

While these innovations remain fairly new, pharmaceutical and medical technology companies are pouring more investments into these new technologies.

Steven Scansaroli is an award-winning entrepreneur and business leader in the field of medical devices, health care, chemicals, and pharmaceuticals. Having more than 20 years of experience, he excels in generating value for both his company and employees. For similar updates, visit this page.

Tuesday, July 31, 2018

Creating Value Through a Strategic Alliance

When two 0r more independent companies agree to work together to accomplish a shared objective, the parties are included in a strategic alliance.  It involves the pooling of resources, capabilities, technology, knowledge, or core competencies in undertaking a specific, mutually beneficial project.

A strategic alliance differs from a joint venture in that in the former, the companies are less involved and less binding.  It is not necessary for either company to yield ownership stakes, which can consume a large amount of time and be complicated to go through.  Pursuing opportunities can be done at faster and cheaper rates.

Image source: santiagotimes.cl

The purpose of a strategic alliance is to create or contribute value to all the organizations involved through the following:
  • Improved operations:  By combining different expertise, economies of scale can be achieved, and partners can learn from one another.  Through these, revenues can be maximized, and costs minimized.
  • Blocking a competitive threat:  Whenever competition arises, and a company is ill-equipped to address it on its own, a strategic alliance may provide a solution.  For example, a firm that produces and distributes premium goods is vulnerable to low-priced entries in the market.  To remain competitive and flexible, it can partner with another company in an adjacent market to be able to block the threat.
  • Ease of entry and exit:  Companies looking to enter or exit an industry can do so more easily by forming a strategic partnership with another firm.
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Steven Scansaroli is an award-winning entrepreneur and executive whose myriad of expertise includes identifying and building strategic alliances and partnerships for implementation of new technologies. Visit this website for more information about Mr. Scansaroli.

Friday, June 15, 2018

A Closer Look At Milestones In Medical Technology

The many advancements and conveniences of medicine as we know it today will not be possible without breakthrough discoveries, inventions, and innovations in pharmaceuticals and healthcare.

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Topping the list is the discovery of antibiotics. It changed the way doctors understand and approach healthcare in general and infection control in particular. The arrival of antibiotics directly led to the prosperity of most nations, transforming dreaded bacterial infections into easily treatable conditions.

The 19th century will be remembered in healthcare and medicine for the development of the anesthesia. It revolutionized how both patients and physicians look at pain management, especially in surgeries. It likewise allowed for more specialized incisions and removal of damaged tissues instead of outright amputations. Many argue that anesthesia is a key civilizing factor in the Western World.
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Sanitation has revolutionized global public health. Though working water supply systems and effective sewage disposal have yet to be fully and soundly implemented in certain areas of the world, our sense of hygiene and understanding of the causes of disease dramatically changed with developed principles in sanitation. Human well-being in the face of growing urbanization in the late-1700s Europe had to be safeguarded, and sound sanitation infrastructure is now at the heart of any modern city and developed country.

Steven Scansaroli is an award-winning entrepreneur and executive. He is also an avid supporter of charitable organizations, including those focused on the Roman Catholic Church, children in need, animal welfare, and the U.S. military. Visit this link for more on Steven’s work.

Sunday, June 10, 2018

Why Is Business Development Important?

Growing a business is a challenge for many entrepreneurs and leaders and implementing business development makes their objective much easier. 

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What is business development? 

Business development is about looking for or building opportunities to make an organization grow – and ensuring these opportunities are grabbed and taken advantage of through ideas, initiatives, and activities. The target results are increased profits, strategic partnerships, and sound business decisions. 

Other business leaders actually provide different definitions for business development. But a unified theory has been formulated for it, to wit: “Business development is the creation of long-term value for an organization from customers, markets, and relationships.” 

The three entities mentioned are essential to the success of a business. 

Customers, of course, bring in the revenue, and without them, there would be no business to develop. Products and services must then be designed to meet their preferences, and business development helps achieve this without compromising the need to meet organizational requirements. 

There was a time when market was defined as a place wherein consumers are converged. But over time, its meaning went beyond the physical location; market is now defined by the collective demographics, lifestyles, and buying mindset of target customers. With business development, understanding the market can be more effectively and efficiently done. 

Business leaders understand that their success relies heavily on strong relationships with customers, partners, employees, and other parties. Business development efforts determine the best ways to establish these relationships for the sake of the growth of the business. 

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Throughout his career, Steven Scansaroli has specialized defining and implementing strategies that drive profit and competitive market advantage in businesses. For similar articles, check out this website.