America is becoming a nation of diabetics. Not Type 1 diabetes, which is a hormonal disease, type 2 diabetes, which is a lifestyle condition that now affects one in four adults over 65 in the U.S. with one in three over the age of 20 prediabetic. The American Diabetes Association estimates that diabetes costs the American health care system more than $245 billion per year, in direct medical costs and reduced productivity. Worse, we can expect to spend billions of dollars more in health care costs for an increasing population of diabetics. Even if all prescription drugs were free healthcare costs would still increase because we aren’t a healthy nation.
KEY TAKEAWAY: According to research by Deloitte Consulting and the Gerson Lehrman Group (GLG), mobile apps published by pharma companies for physicians average just 100 to 5,000 installs in the Google Play store compared to 1m to 5m installs for apps targeting physicians published by third parties. Gee, ya think?
KEY SUMMARY: A large majority of Americans (82 percent) report seeing or hearing prescription drug advertisements, and 3 in 10 (28 percent) say they have talked with a doctor about the specific medicine they saw advertised. After talking to a doctor about a drug they saw, 15 percent of the public says the doctor recommended changes in their behavior or lifestyle, 14 percent say the doctor recommended a different prescription drug, 12 percent say they were given the drug they asked about, and 11 percent were instead recommended an over-the-counter option. Source: Kaiser Health Tracking Poll
KEY TAKEAWAY:A central theme in today’s tech industry is that start-ups, which promise to disrupt lucrative businesses, become valued on the basis of fantasies about their potential rather than present reality. Investors are so keen to get a piece of any sexy-sounding startup that they lap up entrepreneurs’ hype—and anyone who asks awkward questions risks being cut out of the funding round in favor of someone more trusting.
KEY SUMMARY: I received a lot of comments on my post about Biogen’s layoffs, but I didn’t expect them to be so one-sided. It seems that in fact Biogen does have an issue and it is centered around their CEO who has a history of laying off people while taking an eight figure salary.