Pharmaceutical technology refers to an interdisciplinary field, which combines the fields of pharmacy, biotechnology, and engineering.
The pharmaceutical tech startups or companies are those which may be involved in the research and development (R&D), manufacturing, trading, distribution, and marketing of various medicines, medical procedures/treatments, medical devices, and other pharmaceutical products for the patient.
These pharmaceutical products, drugs, or devices can be self-administered or prescribed to the patient to vaccinate, cure, or alleviate the underlying symptoms. As pharmaceutical products can impact the health of patients in an unexpected way, strict regulations are necessary to ensure the safety of patients.
Hence, governments around the globe have regulated the pharmaceutical industry a lot. These laws and regulations are also beneficial for pharmaceutical companies as they regulate the safety, research, patenting, effectiveness, and marketing of the concerned drug.
Today due to the advancement and easy access to technology, we are witnessing a huge wave of Pharma tech start-ups emerging and trying to build some absolutely unique and game-changing solutions. In this article, we will look at some of the most promising pharma tech startups in the USA that one should keep an eye on.
Here is the list of startups, which we believe have the most promising stats –
1. EyeNetra
EyeNetra was founded in the year 2011 by a software engineer named Vitor Pamplona. As its name suggests, this US-based startup deals with various eye care health products. EyeNetra provides vision testing resources to the Eye Care Professionals, which lets those professionals offer high-quality service to everyone anywhere. This is done via mobile refractive clinics, screening events, or workplace testing.
The NETRA autorefractor, lensometer and phoropter all together offer a full refraction system that is both easy to use and highly accurate. The eye test with NETRA takes about 2 to 3 minutes for a person and provides all the needed information about the health of the user’s eyes.
2. IRISYS
Gerald J. Yakatan, PhD, founded IriSys LLC in 1996 as a small lab which focuses on formulation development. Now the organization has grown to be a huge and well-known name in the US market for R & D and manufacturing.
IRISYS offers pharmaceutical product development and manufacturing services on a contract basis. The company specializes in formulation R & D and GMP manufacturing of specialty pharmaceutical products and clinical trial materials. The company also provides strategic consultancy services to other companies in relation to pharmaceutical drug development.
The future prospect of the company also looks great. The CEO Robert Giannini explains the company will be adding a new tech-advanced commercially available and injectable vial filling system with a lyophilization system. And the company, after this update, can take orders of automated sterile GMP vials failing. 2 ml to 50 ml vails can be filled with the current tech.
3. Relay Therapeutics
Relay Therapeutics is a Cambridge, Massachusetts-based developer, known for developing an allosteric drug discovery platform. The platform is intended to use top-tier techniques for protein motions. For decades, this technology to completely evaluate the movement of proteins has not been available or commercially viable to use.
The organization was founded in the year 2016 by the hands of David E. Shaw, Mark Murcko, Matthew Jacobson and Dorothee Kern. The company launched its Initial Public Offering (IPO) on July 20th, 2020. Relay Therapeutics has received funding from many prominent investors such as SoftBank, Foresite Capital, and Tavistock Group.
4. AKASA
AKASA (formerly known as Alpha Health) was founded by Malinka Walaliyadde, Andy Atwal, Varun Ganapathi, and Ben Beadle Ryby in the year 2018. It is headquartered in South San Francisco, California, United States of America.
Akasa is the leading developer of AI (Artificial Intelligence) for the operation of the healthcare sector. The AI systems developed by this startup can be used by various healthcare companies to smartly manage their revenue cycle, in order to reduce the company’s operations costs.
Not only can their AI system be used to lower the operating costs of the hospital, but will also help to reduce errors, which saves a lot of time and energy for the staff and improves the efficiency of the hospital’s records.
5. Lumeon
Robbie Hughes, currently the CEO of the company, founded Lumeon in 2005. The company’s headquarters is to be found in the city of Huston. The Lumeon is working with healthcare providers, organizations, and hospitals to enable them to quickly deliver healthcare services to patients in need.
The company had already partnered with more than 70 big healthcare providers from the U.S.A and Europe. Lumeon is passionately working with these health care organizations to develop coordinated care.
Takeaway?
Hampleton, a corporate finance advisory, said in a report that “The health tech or pharmacy tech sector, right now, is one of the most dynamic in technology”. Technologies ranging from artificial intelligence to big data analysis and even blockchain are changing the way the pharma industry works. Everything is revamping as per the novel modern techniques which is why their online presence requires web developers. And to facilitate this change, the pharma tech startup companies are looking to hire many different types of tech professionals to join their teams and help them throughout this change.
One such tech professional that is required by nearly all of the pharma tech startups is a full-stack developer. Talented full-stack developers can get a high enough package for working in a pharma tech startup. They are in demand like never before since the establishment of online business workspaces.
If you want to become a full-stack developer yourself, then you should consider indulging in the KnowledgeHut full stack developer training in the USA. Such training programs will help you become an expert full stack developer as required by pharma tech or other numerous startups & companies.