May 17, 2020

A way to increase the R&D in drug companies

Admin
3 min
A way to increase the R&D in drug companies.jpg
Written by Alyssa Clark It is no secret that the journey from an idea to a full-blown, FDA approved drug is an expensive and lengthy process. For phar...

Written by Alyssa Clark

 

It is no secret that the journey from an idea to a full-blown, FDA approved drug is an expensive and lengthy process. For pharmaceutical startups, this feat seems nearly impossible and cannot be completed without tons of federal research grants or a partner to funnel the money for development. On average, this process can take anywhere upwards of 15 years and costs close to a billion dollars, just to get it off the ground and running. With these kinds of odds and the heavy investments necessary for take-off, it’s no wonder why pharmaceutical companies everywhere are constantly looking for new ways of cost-effective R&D.

Recently, companies have been trying to combat this problem by forming packs with larger organizations like the NIH. In a five-year collaboration, the NIH and ten drug companies entered into a formal collaboration called the Accelerating Medicines Partnership. The NIH and these ten companies committed to sharing scientists, blood and tissue samples and data in order to better understand the disease process of Alzheimer’s, rheumatoid arthritis, Type 2 diabetes and lupus. The reasoning behind gaining access to this now shared information, is in hopes of assessing better drug targets and that this will lead to new experimental drugs with a higher chance for a success rate.

Partnerships, like the one with the NIH, show great initiative and will hopefully lead to future collaborations for drug companies around the world. However, a downside to this idea is that it only helps early on in the process, with ideal target and selection. This means that the company still needs to be able to find and identify an appropriate compound that produces successful results and does so safely at that. Long-term, the knowledge gained by and shared by the AMP will benefit all parties, but it will only impact R&D efforts in its earliest stages. This calls for more improvements to be made along the rest of the process, and to not settle for an easy-fix for the drug companies.

The next arena that is being called into questions by pharma R&D analysts, is that of the clinical trial process. Forbes magazine pulled an example of how to improve the clinical trial steps of the process, from an article in Nature Biotechnology. John LaMattina from Forbes writes, “Entitled ‘Clinical development success rates for investigational drugs’, the authors have provided a comprehensive study of clinical success rates across the drug industry. They have analyzed 2003 – 2011 data from 835 companies including large pharma/biotech, small to mid-sized pharma/biotech, and emerging biotech. Their data set includes 4,451 drugs with 7,372 independent clinical development paths (the larger number of the latter is due to companies exploring a single compound for multiple indications such as for different types of cancer). They have analyzed the data in many ways, including survival rates by therapeutic area, by molecule type (small versus biologicals) and by lead or non-lead indication. For a drug R&D aficionado, the data are fascinating.”

By improving the initial stages of R&D with partnerships with organizations like the NIH and with investing time and effort into the clinical trial stage of data, big pharma companies can begin to see an improvement in their R&D process, as well as pay-offs from restructuring this sometimes ineffective process. Even if it means cutting a year or two out of the 15-20 year process, those years could be well-spent earning back the companies’ initial investments, instead of continuing to prolong the experimental and nonearning period of R&D. 

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May 12, 2021

OMNI: First-ever platform to launch citizen RPA developers

RPA
Automation
Digitaltransformation
citizendeveloper
3 min
OMNI is empowering employees to become ‘citizen RPA developers’, democratising automation and other AI technologies

Robotic process automation (RPA) is the fastest growing segment of the enterprise software market due to its many benefits - from reducing manual errors to processing tasks faster. For businesses to truly benefit from this technology, RPA needs democratisation, and this is where citizen RPA development comes in. 

Gartner describes a citizen RPA developer as "a user who creates new business applications for consumption by others using development and runtime environments sanctioned by corporate IT.” This could be anyone using IT tools and technology, not limited to IT specialists. 

The work citizen RPA developers do spans from identifying automation opportunities to developing RPA architecture and solution proposals, focusing on scalability and extensibility. By deploying citizen RPA developers, organisations can enable enterprise automation and digital transformation on a much larger scale. 

This is particularly beneficial for businesses struggling to undertake digital transformation, as a citizen RPA development programme can help drive adoption of automation as a strategic growth driver at multiple levels. With increased adoption, the cost of digital transformation becomes lower, increasing RoI. 

Technology needs to be democratised – right from low-code and no-code platforms, business process modelling and identifying automation opportunities to decision-makers at all levels, creating a pool of early adopters. This group could comprise people across different functions, especially those who are aware of customer preferences, industry trends and end user experience.

But how can organisations harness the power of citizen RPA development? Step forward AiRo Digital Labs, a Chicago-headquartered global tech company. 

AiRo provides innovative digital and automation solutions for the healthcare, pharmaceutical and life sciences sectors. In 2021 they launched OMNI, a subscription-based, SaaS platform to help clients accelerate their citizen RPA developer program and build digital centres of excellence (COE) within their organisation. 

OMNI provides a personal RPA coach and virtual digital playground that helps enterprises rapidly build and scale automation, removing the risk of failure or talent gaps. The latter is key as research has shown that digitalisation is far more successful when championed by internal employees. 

This has the added bonus of empowering employees - who will self-learn technologies including robotic process automation (RPA), artificial intelligence, machine learning, chatbots, and natural language processing (NLP), reducing the lead time for new applications and technology, as well as reducing technical gaps, making up for skills shortages and enabling their business to respond faster to critical market challenges. The virtual sandbox within OMNI gives access to all the major intelligent automation platforms where citizen RPA developers can build DIY digital prototypes. Additionally, they can access more than 150 digital assets within OMNI marketplace. 

The platinum helpdesk of OMNI acts as your personal coach and is available 24 x 7 to address issues during the digital learning, prototype building, and digital governance journey.  

Another key benefit is that it enables digitalisation to be bespoke to each organisation, compared to off-the-shelves initiatives plugged into the enterprise. Individual organisation's objectives decide the scope and size of the process. 

As Gartner state, in today’s world of SaaS, cloud, low-code and “no-code” tools, everyone can be a developer. 

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