Question

In what direction is the pharmaceutical and Biotechnology industry headed?

1) Efficiency
2) Better and more powerful drugs
3) Equity and Equality
4) Innovation and Cost Reduction ​

Answer 1

Answer:

Companies in the pharmaceutical industry are also looking to implement value based purchasing but will face challenges in estimating an appropriate time-frame for manufacturers to demonstrate drug efficacy. Therefore, it will be difficult for new drugs to compete in the value-based payment system.