Home > News > Making medical products better, faster, and cheaper
September 11th, 2007
Making medical products better, faster, and cheaper
Q. How do scientific discoveries affect the development of medical products?
A. In recent years, there has been an explosion of scientific discoveries made possible through technologies such as genomics, advanced imaging, nanotechnology, and robotics. These scientific advances can help produce more and better medical products—not just drugs, but biologics such as vaccines, and devices such as pacemakers.
But the efficiency for scientific discoveries being translated into medical products is very low—in fact, it's worse than it was 10 years ago. For example, new drugs go through three phases of progressively rigorous testing, or clinical trials, to show their safety and effectiveness before FDA will consider allowing them on the market. Today, new compounds that make it through Phases 1 and 2 of clinical trials fail 50% of the time in Phase 3 compared to a 20% failure rate 10 years ago.
The latest fashion: Graphene edges can be tailor-made: Rice University theory shows it should be possible to tune material's properties January 24th, 2015
Scientists 'bend' elastic waves with new metamaterials that could have commercial applications: Materials could benefit imaging and military enhancements such as elastic cloaking January 23rd, 2015
Harper Government Supports Research Innovation in Western Canada January 22nd, 2015
EnvisioNano: An image contest hosted by the National Nanotechnology Initiative (NNI) January 22nd, 2015
Teijin to Participate in Nano Tech 2015 January 22nd, 2015
2nd International Conference on Infectious Diseases & Nanomedicine (December 15-18, 2015, Kathmandu, NEPAL) January 22nd, 2015
Anti-microbial coatings with a long-term effect for surfaces – presentation at nano tech 2015 in Japan January 21st, 2015
A spoonful of sugar in silver nanoparticles to regulate their toxicity January 21st, 2015
Interviews/Book Reviews/Essays/Reports/Podcasts/Journals/White papers
Nanosensor Used for Simultaneous Determination of Effective Tea Components January 24th, 2015
New technique helps probe performance of organic solar cell materials January 23rd, 2015
Iranian Scientists Produce Graphene-Based Oxygen Sensor January 23rd, 2015
Silver nanowires demonstrate unexpected self-healing mechanism: The material has potential for flexible electronics January 23rd, 2015