Pharmaceutical Executive October 14, 2021
Creating a digital diagnostic that is supplemental and strategic to a company’s therapeutic asset requires due diligence to monetize the digital health innovation, or at least ensure optionality through the product development cycle.
Pharmaceutical companies interested in joining the global digital health revolution are increasingly facing tough decisions on how to leverage the innovative technology. Is it better to provide a low-risk digital tool that, say, enhances the patient experience, or to make a long-term investment in a digital technology, such as developing a diagnostic tool with the potential to help improve clinical outcomes? While the answer depends greatly on patient needs and business model, here are some important considerations for finding success in the digital diagnostic space.
1. What’s...
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