Importance and Scope:

The Pharmaceutical industry has an important role in designing and developing drugs, vaccines. It plays a significant role to treat diseases and more importantly to improve the quality of life. The medical technology industry is an eminent part of the healthcare sector. It includes, most of all, medical devices which simplify the prevention, diagnosis and treatment of diseases and illnesses. The most well-known medical technology products are, among others, pacemakers, imaging instruments, dialysis machines and implants.

Pharmacy Council stated that more than 275 new chemical production projects had been announced since 2010 with a total value of more than $170 billion, with a full 49% already complete or under construction; 61% of these are the foreign direct investment. By 2021, U.S. capital spending by the chemical industry will reach $65 billion more than triple the level of spending at the start of this prolonged cycle in 2010. The trade surplus in chemicals will grow to $36 billion this year as exports rise by 2% to $132 billion and imports hold steady at $96 billion.

Growth of Pharmaceutical Industry in China:

The pharmaceutical industry is one of the leading industries in the People's Republic of China, covering synthetic chemicals and drugs, prepared Chinese medicines, medical devices, hygiene materials, and pharmaceutical machinery. China, as of 2007, has around 3,000 to 6,000 domestic pharmaceutical manufacturers and around 14,000 domestic pharmaceutical distributors. The most often-cited adverse factors in the marketplace include a lack of protection of intellectual property rights, a lack of visibility for drug approval procedures, a lack of effective governmental oversight, poor corporate support for drug research, and differences in the treatment in China that are accorded to local and foreign firms. Nevertheless, China is reportedly expected to become the third-largest pharmaceuticals market in the world by 2011.

Top Pharmaceutical association in the world:

• International Pharmaceutical Federation (FIP)
• International Pharmaceutical Students' Federation (IPSF)
• American Association of Colleges of Pharmacy (AACP)
• American Pharmacists Association (APhA)
• American Society for Pharmacy Law
• American Society of Consultant Pharmacists (ASCP)
• American Society of Health-System Pharmacists (ASHP)
• Professional Compounding Centers of America
• American College of Clinical Pharmacy (ACCP)
• College of Psychiatric and Neurologic Pharmacists (CPNP)
• European Association of Employed Community Pharmacists in Europe (EPhEU)
• Pharmaceutical Group of the European Union (PGEU)
• Australian College of Pharmacy
• Pharmaceutical Society of Australia
• The Pharmacy Guild of Australia
• The Society of Hospital Pharmacists of Australia

 

Track 1-Pharmacogenetics – It’s the study of how a human body react differently against drugs and drug therapies, these changes are determined by the human genetic makeup or genes. This study helps drug manufacturers and providers to choose the right amount of dose for each individual patient, which is likely to work best on that patient’s body.

Track 2-Precision medicine- Medical treatments often react differently on each patients, in this case personalized medicine helps to predict the possible reaction a patient’s body might have after the administration of drug, and customized medical treatment is provided to the patient. This method is a breakthrough treatment process but it studies the patients’ unique molecular reaction to a certain disease.

Track 3- Pharmaceutical Formulations - Pre-Formulation and Formulation aspects which is the process in which different chemical substances i.e., active chemical substances will combine together to produce a medical compound i.e., medical drug. Pharmaceutical Formulations include Ophthalmic Formulation, Paediatric Formulation Development, Topical Formulation and Medication Formulation.

Track 4-Drug  Targeting  and Drug Development- Noticing  drug targets plays essential roles in designing novel drugs and combating diseases. Unfortunately, our current knowledge about drug targets is far from comprehensive. In the past decade, the collection of various types of study of science related data makes it possible to develop computational approaches to predict drug targets.

Track 5-Drug design and development-   Drug design is the process of discovering and designing new drugs, medication based on the knowledge of the targeted molecule. The drug acts as an activator/inhibitor on the biological molecule such as protein and hence in turn results in a therapeutic benefit to the affected person.

Track 6-Phenotypic drug discovery- It’s the process of designing of drug that will target the small molecules such as peptides, RNAi, protein molecules, which results in the alteration of the phenotype of a cell or an organism in the desired manner.

Track 7-Drug delivery technologies- Advanced drug delivery technologies enhance the absorption rate of drug, efficacy and the experience of patients towards the drug.

Track 8-Challenges in Pharmaceutical research-  The pharmaceutical industry is growing day by day with the introduction of new technologies but still, it is facing hurdles such as skilled professionals, increase in the development cost, protecting the new innovations.

Track 9- Pharmaceutical Nanotechnology - Nanomedicine provides clinically useful devices and research tools to the pharmaceutical industry. It initiates an advanced commercial application in the pharmaceutical industry which includes drug delivery system, in vivo imaging and many more.

Track 10-Drug Discovery and Screening- Designing a drug based on the targeted molecule and testing it for further modification, the testing of drugs is usually done by high-throughput screening (HTS).

       Track 11-Drug Regulatory Affairs

Regulatory Affairs is involved in the development of new medicinal products from early on, by integrating regulatory principles and by preparing and submitting the relevant regulatory dossiers to health authorities. Regulatory Affairs is involved in every step of the development of a novel medicine and in the post-marketing activities with medicinal products.

Track 12-Biomaterials in Drug Delivery- The application of biomaterials in the drug delivery system has overcome the limitation we were facing in delivering drugs. It has increased the bioavailability at the site, reducing the side effect of drugs.