Towards the middle of his talk, he introduced his audience to terms such as patent period, chemical modules which helped all to grasp the differences between branded generic and generic drugs. The session was a perfect amalgamation of the medical industry and the business world. He discussed the impact of cost on quality and how it differs as one moves from patented towards generic drugs. Innovation was another area that picked Mr Naqvi’s interest, and as an illustration, he shared a story of how an idea became a life-saving drug where he cited the example of the implementation of IBM Watson in oncology. He enlightened the audience about the laws related to medicine as well as the clinical trial process - an extremely crucial aspect of the pharmaceuticals industry.
Mr Naqvi acquainted the audience about Sanofi and how it uses an integrated approach and targets patients, not the disease. He shared his vision of future where medicine would be revolutionised by nano robots. He also shared some interesting tidbits about how a major chunk of patients do not take medicine on time. The discussion then moved on to how wearable devices could be the next major area to witness the merger of medicine and technology. In fact, smart phone according to Mr. Naqvi and rightly so, was perhaps the greatest innovation of the contemporary era, that could potentially affect every facet of life in a big way . Mr Naqvi believed that it’s a world of change and change is happening quite quickly and hence one must be prepared to face it.
The session ended with a Q&A round which was filled with extensive questions on profitability, pharmacovigilance and its impact on management and technology, importance of ethics in the field of medicine etc to which Mr. Naqvi gladly poured insights and registered new curiosities and interests.
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