Tag: vaccines

  • How Machine Learning Is Revolutionizing the Healthcare Industry?

    What if, you are told that in near future surgeries will be performed by Machines. Yes, machine learning has advanced rapidly that  in near future it will be possible to perform medical surgeries with minimum or no interventions by a Physician. Machine learning is widely used in healthcare industry in 2022.

    When we hear AI or machine learning the first thing that comes in our mind is Robots but machine learning is much more complicated than that. Machine learning has advanced in every possible field and revolutionized many industries such as healthcare, retail and banking. In this article, we will talk about how machine learning is bringing a change in the healthcare industry. So let’s get right into the business.

    What Is Machine Learning?
    Machine Learning in Healthcare
    How Machine Learning Is Used in Healthcare?
    Pros of Machine Learning in Healthcare
    Cons of Machine Learning in Healthcare
    In-Med Prognostics Launches Neuroshield
    Future of Machine Learning in Healthcare

    What Is Machine Learning?

    Machine learning is an application of AI that provides the system with the ability to learn and improve from experiences without being programmed. The primary focus is to allow the computers to learn automatically without any human intervention or assistance. The process of learning begins with observations of data and finding patterns in data and making better decisions in the future. Machine learning has started making it place in India.

    Machine Learning in Healthcare

    The Healthcare industry has seen many advancements, but machine learning is one such advancement that has enhanced the performance of healthcare businesses. Machine learning has advanced a lot but the best machine learning tool in healthcare industry is a doctors brain. Many physicians worry that machine learning will dominate the healthcare industry.

    Machine learning should be focused on how it can be used to augment patient care and employed as a tool by physicians to improve clinical use. Machine learning can never replace physicians because even if it reached supremacy, the patient always needs the human touch and caring of a physician.

    How Machine Learning Is Used in Healthcare?

    Machine Learning is taking turns and has entered into various industries and it looks like its not going to stop at any moment. It has also started showing its caliber in the Healthcare industry. Some of the ways it is used there are:

    Identifying Disease and Diagnosis

    Scientists are already working on machine learning models that predict disease or early diagnosis of disease and illness. A UK based technology startup feebris is working on artificial intelligence algorithms for precise detection of complex respiratory conditions. MIT’s Computer Science and Artificial Intelligence Lab has developed a new deep learning-based prediction model that can predict the development of breast cancer in advance up to five years.

    Robotic Surgery

    The application of robotics in healthcare is rapidly growing since it began in 1980. Robots performing surgery still might sound untrustworthy to many but in near future, it will be commonly used in surgeries. Robotics is also used in hospitals to monitor the patients and alert the nurses if there is human interaction required.

    The robotic assistant can locate the blood vessel and draw the blood with less pain and anxiety for the patient. Robots also prepare and dispense medications and vaccines in pharmacological labs. In large facilities robotics are used as a cart to carry medical supplies. Speaking about robots replacing humans is not happening anywhere soon, robotics can only assist the doctors but can never replace them.

    Medical Imaging Diagnosis

    Medical imaging diagnosis is a process or technique in which visual representation of tissue or internal parts of organs are created to monitor health, diagnose and treat diseases. It also helps in creating database of anatomy and physiology. Surgical interventions can be avoided if medical imaging technology like ultrasound and MRI are used.

    Uses of Machine Learning in Healthcare Industry
    Uses of Machine Learning in Healthcare Industry

    Machine learning algorithms can rapidly process massive amount of medical images and they can be precisely trained to identify the details in CT scans and MRI’s. A deep learning team from US, France and Germany have developed algorithm that can diagnose skin cancer more accurately than a dermatologist.

    Pros of Machine Learning in Healthcare

    More and more healthcare companies are choosing Machine Learningbecause pf its benefits. Some of the benefits are:

    Patterns Are Easily Identified

    A great ability of machine learning is that it can identify patterns and data precisely which might not be possible by a human. It can process massive amount of patterns and data rapidly with ease. With new innovation all of these are possible.

    Smart Health Records

    Maintaining health records is an exhaustive process so machine learning is used to ease the process and reduce the time and efforts required for maintaining health records. Machine learning in today’s world is working on cutting edge technologies for maintaining smart data records.

    Minimum Human Intervention

    Machine learning adapts overtime by learning from patterns and data. The primary benefit of machine learning is that it requires minimum intervention by humans and it can perform surgeries with ease.

    Cons of Machine Learning in Healthcare

    There is also a hesitation as well because with benefits Machine Learning has some cons as well. Some of them are:

    Data Acquisition

    Machine learning adapts through patterns and data sets and it requires a massive data sets and patterns to train its algorithms. The data should be precise and of good quality.

    Take Time to Learn and Adapt

    Machine learning requires enough time for its algorithms to learn and adapt to the patterns and data so that it can deliver accurate results. It requires additional computer power to function.

    High Error-Susceptibility

    Machine learning is highly susceptible to errors, it requires massive amount of data and if it is not provided with sufficient amount of data it may not function properly. Any inaccurate data fed to the machine may end up in undesirable result.

    In-Med Prognostics Launches Neuroshield

    InMed Prognostics Logo
    InMed Prognostics Logo

    One of the prime example of Machine Learning in the health industry is how In-Med Prognostics, a health tech company developing AI based brain health diagnostic and prognostic tools, launched NEUROShield, a cloud-based Clinical Decision Support Tool for neurological disorders. The NeuroShield technology uses pattern recognition and deep learning for the development of clinical biomarkers for early prognosis and differential diagnosis.

    NEUROShield, powered by state-of-the-art AI, utilizes 3D based MRI images to their full potential by extracting data and providing volumetric analysis for the brain and its various structures. Use of cutting edge, AI technology enables them to perform analysis, on both Indian and Caucasian brains, thus unlocking a global scalability potential for their platform. AI is increasing innovation in the enterprises.

    Future of Machine Learning in Healthcare

    The development in machine learning will be  able to automatically detect most of the diseases in its early stage. It will also increase the efficiency and accuracy in disease detection to reduce the burden on doctors. AI and Machine Learning will revolutionize the future healthcare industry.

    Machine learning has advanced rapidly in every field such as navigation, business, retail, and banking but progressing in the healthcare industry is difficult because of the limited availability of data and lack of highly skilled scientists. Machine learning still requires improvements and several factors need to be improved.

    Conclusion

    Machine learning in the healthcare domain has become more popular and widely used in the healthcare industry. ML is helping patients and clinicians in many different ways by making their work easy. Some of the most common applications of machine learning are automating medical billing, clinical decision support, and the development of clinical care guidelines. There are a lot of applications of machine learning that are under research and development. In the future, we’ll be seeing a lot of applications of ML in the healthcare sector getting implemented and making the lives of humans easy.

    FAQs

    What is ML healthcare?

    Scientists and researchers are using machine learning (ML) to churn out a number of smart solutions that can ultimately help in diagnosing and treating an illness.

    How is machine learning used in medical diagnosis?

    Studying physiological data, environmental influences, and genetic factors allow practitioners to diagnose diseases early and more effectively. Machine learning allows us to build models that associate a broad range of variables with a disease.

    What is machine learning in medicine?

    Machine learning (a subset of artificial intelligence) plays a key role in many health-related realms, including the development of new medical procedures, the handling of patient data and records, and the treatment of chronic diseases.

    What are the benefits of AI in healthcare?

    Integrating AI into the healthcare ecosystem allows for a multitude of benefits, including automating tasks and analyzing big patient data sets to deliver better healthcare faster, and at a lower cost. According to Insider Intelligence, 30% of healthcare costs are associated with administrative tasks.

    How is Machine Learning used in hospitals?

    Machine Learning analyzes data throughout a healthcare system to mine, automate and predict processes. It has been used to predict ICU transfers, improve clinical workflows and even pinpoint a patient’s risk of hospital-acquired infections.

  • Pfizer – One of the Leading Biopharmaceutical Companies In the World

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Pfizer.

    Health and Human Services Secretary Alex Azar said that the US was currently manufacturing doses for all six potential vaccines backed by President Donald Trump’s government across more than 23 manufacturing facilities. These includes vaccines from Moderna, Pfizer, AstraZeneca and Johnson & Johnson, which are all in late-stage testing.

    Pfizer is a research-based multinational biopharmaceutical corporation that develops, manufactures, and distributes healthcare products. Medicines and vaccines are part of its global portfolio. The Pfizer–BioNTech COVID-19 vaccine is an mRNA-based COVID-19 vaccine that is marketed under the brand name Comirnaty. It is given to people aged 16 and up to protect them from infection with the SARS-CoV-2 virus, which causes COVID-19.

    This article will give you a complete Company Profile of Pfizer. Know all about Pfizer history, business model, founders, revenue, acquisition, covid-19 vaccine & more…

    Pfizer – Company Highlights

    Company Name Pfizer Inc.
    Headquarters New York City, New York
    Industry Pharmaceutical
    Founders Charles Pfizer and Charles F. Erhart
    Founded 1849
    Products Pharmaceuticals, vaccines
    Current CEO Albert Bourla
    Areas Served Worldwide
    Website pfizer.in

    Pfizer – Latest News
    About Pfizer and How it Works?
    Pfizer – Mission and Vision
    Pfizer – Founder and History
    Pfizer – Covid-19 Vaccine
    Pfizer – Key Pharmaceutical Products
    Pfizer – Name, Logo, and Tagline
    Pfizer – Business Model
    Pfizer – Key Financial Metrics
    Pfizer – Revenue and Growth
    Pfizer – Investments
    Pfizer – Acquisitions
    Pfizer – Competitors
    Pfizer – Challenges Faced
    Pfizer – Future Plans
    Pfizer – FAQs

    Pfizer – Latest News

    Pfizer/BioNTech has filed an application with the US Food and Drug Administration for full FDA approval of its Covid-19 vaccine for people aged 16 and up as of May 2021, according to the companies. This is the first Covid-19 vaccine to be evaluated by the FDA for complete approval in the United States.

    The FDA has granted emergency use authorization (EUA) to Pfizer’s mRNA two-shot vaccine for use in the United States. To date, 170 million doses of the vaccine have been distributed throughout the United States, according to the firms.

    “We are proud of the tremendous progress we’ve made since December in delivering vaccines to millions of Americans, in collaboration with the U.S. Government,” Albert Bourla CEO of Pfizer, said in a statement.

    “We look forward to working with the FDA to complete this rolling submission and support their review, with the goal of securing full regulatory approval of the vaccine in the coming months.”


    Apps & Websites to get alert of Covid Vaccines Slot
    The second wave of the Covid-19 cases has been increasing in the country for thepast few months. The daily active cases are rising and currently, India hasseen the greatest number of single-day cases around the world. The country has atotal of around 2.15 crore active cases and 2.34 lakh deaths …


    About Pfizer and How it Works?

    Pfizer is a research-based multinational biopharmaceutical corporation that develops, manufactures, and distributes healthcare products. Medicines and vaccines are part of its global portfolio.

    Cholesterol-lowering Lipitor, pain-relieving Celebrex and Lyrica, pneumonia vaccine Prevnar, and erectile dysfunction medication Viagra, as well as arthritis medicine Enbrel, antibiotic Zyvox, and blood-thinning Eliquis, are among the company’s top prescription items. Generic medications and consumer health goods are also manufactured and sold by the company.

    In partnership with BioNTech SE, a German biotechnology firm, Pfizer recently produced an mRNA-based vaccine for COVID-19. The vaccine’s efficacy has been verified in several trials to be between 90 and 100 percent.

    Pfizer – Mission and Vision

    The vision statement of Pfizer is – “Innovate to bring therapies to patients that significantly improve their lives.”

    Pfizer mission statement is “to become the world’s most valued company to all of these people.” It zeroes down on the achievements that the company desires while at the same time meeting the expectations of all its patients. It focuses on the company’s desired outcomes while still meeting all of its patients’ needs.


    Panacea Biotec Company Profile – India’s 2nd Largest Vaccine Maker
    Company Profile is an initiative by StartupTalky to publish verified informationon different startups and organizations. The content in this post has beenapproved by Panacea Biotec. Since the pandemic began, India has recorded more than 19 million cases, secondonly to the United States. Over 200…


    Pfizer – Founder and History

    Charles Pfizer and Charles Erhart, cousins who had immigrated to the United States from Ludwigsburg, Germany, founded Pfizer in 1849.

    The company, which was based on Bartlett Street in Williamsburg, New York, developed chemical compounds, including an antiparasitic called santonin. Both in their mid-20s, the two men started a fine chemicals company in a Brooklyn factory with a loan from Pfizer’s father. Pfizer’s chemist skills were combined with Erhart’s confectioner training in the company’s first product, a palatable anti-parasitic drug that tasted like toffee. It was a huge success, and it set the tone for the company’s future growth.

    The American Civil War, which broke out shortly after in 1862, had an equal effect on the emerging pharmaceutical industry as it did on American society as a whole. Drug manufacturers were just as much a part of the “first industrial war” as arms manufacturers. The sudden demand for massive amounts of painkillers and antiseptics for the Union armies, like that of their rival Squibb, presented a huge opportunity to increase production. Pfizer’s sales had doubled since the beginning of the war in 1868, and their product ranges had greatly expanded.

    Following the battle, Pfizer began to concentrate on industrial chemicals rather than drugs, manufacturing citric acid for the burgeoning soft drink industry, which fueled the expansion of brands including Coca-Cola and Dr. Pepper in the 1880s. For several years, this was their mainstay, setting the groundwork for their continued expansion. When the supply of tartaric acid was interrupted by the civil war and higher tariffs, Pfizer expanded its production to become the leading chemical supplier in the United States.

    Pfizer – Covid-19 Vaccine

    In April 2020, Pfizer collaborated with BioNTech to start developing a COVID-19 vaccine in response to the coronavirus pandemic. The BNT162b2 vaccine candidate is an mRNA vaccine. The drug-maker announced in November 2020 that results from Phase 3 clinical trials showed the vaccine was safe and reliable, with a 95 percent efficacy rate. It needs two doses, separated by 21 days.

    Pfizer and BioNTech submitted an emergency use permission request to the FDA a few days after the positive clinical trial results were announced. The FDA approved the Pfizer-BioNTech COVID-19 vaccine for distribution in the United States on December 11, 2020.


    Siemens AG | German Multinational Company | Company Profile |
    Company Profile is an initiative by StartupTalky to publish verified informationon different startups and organizations. The content in this post has beenapproved by Siemens. Siemens Limited is a holding company engaged in the manufacturing of electricmotors, generators, transformers and electri…


    Pfizer – Key Pharmaceutical Products

    Many well-known products are manufactured and marketed by Pfizer. Some of the company’s most well-known brands are mentioned below –

    • Nexium24HR – Over-the-counter heartburn drug
    • Prevnar 13 – Vaccine to prevent pneumonia
    • Advil – Non-steroidal anti-inflammatory drug (pain reliever)
    • Viagra – Erectile dysfunction drug
    • Xanax – Psychoactive medicine
    • Zoloft – SSRI antidepressant
    • Lipitor – Cholesterol medicine
    • Chantix – Smoking cessation drug
    • Bextra – Cox-2 inhibitor (pain reliever)
    • Depo-Testosterone – Testosterone replacement therapy drug
    • EpiPen – Auto-injector emergency allergy medicine
    • Celebrex – Non-steroidal anti-inflammatory drug (pain reliever)
    • Zithromax – Macrolide antibiotic (bacterial infections)
    • Eliquis – Anticoagulant (blood thinner)
    • Protonix – Proton pump inhibitor acid-reducer
    • Prempro – Hormone replacement drug therapy
    • Effexor – SNRI antidepressant

    Pfizer – Name, Logo, and Tagline

    Pfizer’s company name is after the founder Charles Pfizer and its logo is shaped like a tablet of medicine. The oval-shaped logo is a powerful brand identity that conveys a message of optimism, well-being, and progress. As opposed to the initial limit “P,” the letter “f” is intentionally made larger.

    The tagline outlines Pfizer’s purpose, “Breakthroughs that change patients’ lives.”

    Pfizer's Company Logo
    Pfizer’s Company Logo

    Pfizer – Business Model

    Pfizer Innovative Health and Pfizer Essential Health are the company’s two commercial divisions.

    Pfizer Innovative Health is dedicated to the development and commercialization of pharmaceuticals and vaccines. Internal medicine, vaccination, oncology, inflammation and immunology, rare diseases, and consumer healthcare are among IH’s therapeutic fields.

    Legacy labels, branded generics, generic sterile injectable drugs, biosimilars, and infusion systems are all included in the Pfizer Essential Health category. EH also has a research and development department, as well as a contract manufacturing division. Prevnar 13, Xeljanz, Eliquis, Lipitor, Celebrex, Pristiq, and Viagra are some of the company’s brands.


    HealthKart | Authentic Health Products Online | Overview
    Company Profile is an initiative by StartupTalky to publish verified informationon different startups and organizations. The content in this post has beenapproved by the organization it is based on. Healthcare is going to fundamentally transform in years to come. Technologyadvancements are at …


    Pfizer – Key Financial Metrics

    The table below highlights some of the key financial metrics of Pfizer (extracted from the company’s annual reports)

    Financial Metric 2020 (In Millions) 2019 (In Millions)
    Total Income $9,616 $16,273
    PAT(Margin) -11.89 219.75
    Equity Share Capital 45.75 45.75
    Net Fixed Assets 2513.05 2127.65

    Pfizer – Revenue and Growth

    Pfizer’s COVID-19 vaccine sales exceeded analyst expectations by about 60%. As of mid-April 2021, the company produced 1.6 billion doses of the vaccine under signed contracts. Pfizer’s operating sales increased by 8% even without revenue from the COVID-19 vaccine.

    Year Amount Percentage Change From Last Year
    2021 $14.582B +21.23%
    2020 $41.908B +1.79%
    2019 $41.172B +0.85%
    2018 $40.825B -22.31%


    Serum Institute of India – World’s Largest Vaccine Manufacturer
    Company Profile is an initiative by StartupTalky to publish verified informationon different startups and organizations. The content in this post has beenapproved by Serum Institute of India. India has reported more than 19 million cases since the pandemic started, secondonly to the United State…


    Pfizer – Investments

    Date Organization Name Round Amount
    Mar 30, 2021 Pyxis Oncology Series B $152M
    Feb 17, 2021 Imcyse Series B €21.3M
    Oct 29, 2020 LianBio Venture Round $310M
    Jul 29, 2020 Cerevel Therapeutics Post-IPO Equity $320M
    May 19, 2020 Amplyx Pharmaceuticals Series C $53M
    Apr 22, 2020 FoRx Therapeutics Seed Round €10M
    Mar 20, 2019 Vivet Therapeutics Corporate Round €45M
    Feb 19, 2019 Gliknik Corporate Round $15M
    Nov 13, 2018 NextCure Series B $93M
    Apr 19, 2018 Allogene Therapeutics Series A $411.8M

    Pfizer – Acquisitions

    Acquiree Name About Acquiree Date Amount
    Amplyx Pharmaceuticals Amplyx focuses on developing innovative therapies for debilitating and life-threatening diseases in patients with compromised immune systems Apr 28, 2021
    Array BioPharma Array BioPharma is a biopharmaceutical company focused on the development and commercialization of targeted small molecule drugs. Jun 17, 2019 $11.4B
    Therachon Therachon is a global biotechnology company focused on developing medicines for rare, genetic diseases May 8, 2019 $340M
    Medivation Medivation, Inc. is a biopharmaceutical company focused on the rapid development of small molecule drugs to treat serious diseases Aug 22, 2016 $14B
    Bamboo Therapeutics Bamboo Therapeutics Announces the Acquisition of the Vector Core Manufacturing Facility from UNC-Chapel Hill Aug 1, 2016 $654M
    BIND Therapeutics BIND Therapeutics is a clinical-stage nanomedicine platform company developing Accurins, a class of highly selective, targeted therapeutics. Jul 27, 2016 $40M
    Anacor Pharmaceutical Anacor Pharmaceutical is a biopharmaceutical company developing small-molecule therapeutics from its boron chemistry platform. May 16, 2016 $5.2B
    Hospira Hospira is a provider of injectable drugs and infusion technologies. Feb 5, 2015 $15B
    Redvax A privately held Swiss biopharmaceutical company Jan 5, 2015
    Baxter International – Marketed Vaccines The portfolio that was consists of NeisVac-C and FSME-IMMUN/TicoVac. Jul 30, 2014 $635M


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    Pfizer – Competitors

    The top competitors of Pfizer are Merck, Novartis, BMS, Johnson & Johnson, GSK, Abbott, Cipla, Roche, Eli Lilly, and Bayer.


    List of Companies developing Covid 19 vaccine around the World
    The vaccination drive for Covid 19 has been started across the globe. Vaccineshave been developed and manufactured by a lot of companies around the world.Below are the top companies which are involved in the development andmanufacturing of Covid vaccines. PfizerAstra ZenecaSerum Institute of I…


    Pfizer – Challenges Faced

    • With exclusivity for Pfizer’s second-best-selling medication, Lyrica, expected to expire in June, the pharma expects a $2.6 billion sales hit from competitive pressures, almost $1 billion more than in 2018.
    • As of November 2020, Pfizer’s Covid-19 vaccine, made in partnership with the German firm BioNTech, was  stored at subzero temperatures, and there were lots of distribution challenges in rolling it out in the weeks ahead.

    Pfizer is “running at critical supply limitations,” Dr. Bourla, the CEO said, adding that he hopes the government deploys the Defense Production Act to solve the problem.

    Meanwhile, the FDA contacted Pfizer about a different problem with its vaccine. According to some press accounts, several pharmacists giving the shots found that each vial contained more than the planned five doses. They wondered if they could eke out another dose, or even two, from the leftovers.

    Pfizer – Future Plans

    Pfizer has revealed plans to increase sales in Latin America, Eastern Europe, and Asia, which are all developing markets. The organization will use its global reach and product portfolio to provide health solutions to the rising and underserved population of middle-income patients in these areas.

    The company identified four factors that will aid its expansion in the developing Asian pharmaceutical market, which is worth $47 billion. Expanding its current presence in high-growth markets, establishing leadership in oncology, tailoring portfolio offerings to local consumer needs, and leveraging global manufacturing and R&D in Asia are among these factors.

    Pfizer expects to spend $5 billion in capital projects in the United States over the next five years, including expanding its manufacturing footprint in the country. In 2019, it announced an additional half-billion-dollar investment in Sanford, North Carolina, for the construction of a cutting-edge gene therapy manufacturing facility.

    Pfizer – FAQs

    What does Pfizer do?

    Pfizer is a research-based multinational biopharmaceutical corporation that develops, manufactures, and distributes healthcare products. Medicines and vaccines are part of its global portfolio.

    Who founded Pfizer?

    Charles Pfizer and Charles Erhart, cousins who had immigrated to the United States from Ludwigsburg, Germany, founded Pfizer in 1849.

    Which companies do Pfizer compete with?

    The top competitors of Pfizer are Merck, Novartis, BMS, Johnson & Johnson, GSK, Abbott, Cipla, Roche, Eli Lilly, Bayer.

    Does Pfizer produce Covid-19 vaccine?

    Yes, Pfizer produces Covid-19 vaccine.

    Does Pfizer export Covid-19 vaccine?

    Yes, Pfizer exports Covid-19 vaccine.