Our Innovation Analysts recently looked into emerging technologies and up-and-coming startups working on solutions for the pharmaceutical sector. As there is a large number of startups working on a wide variety of solutions, we want to share our insights with you. This time, we are taking a look at 5 promising Smart Pharma startups.
Heat Map: 5 Top Smart Pharma Startups
Using our StartUs Insights Platform, covering 1.116.000+ startups & emerging companies, we looked at innovation in the field of smart pharma. For this research, we identified 2.864 relevant solutions and picked 5 to showcase below. These companies were chosen based on a data-driven startup scouting approach, taking into account factors such as location, founding year, and technology among others. Depending on your specific criteria, the top picks might look entirely different.
The Global Startup Heat Map below highlights 5 startups & emerging companies developing innovative smart pharma solutions. Moreover, the Heat Map reveals regions that observe a high startup activity and illustrates the geographic distribution of all 2.864 companies we analyzed for this specific topic.
Bit Bio – Cell Therapy For Drug Discovery
Apart from big pharma companies, startups also impact pharma in innovative ways and have paved their way into cell therapy. Cell therapy is a novel technique in use for a wide variety of applications including drug discovery. Protein binding, gene essentiality, and specific genotypes are some roadblocks in drug discovery that startups and emerging companies are tackling in innovative ways.
Bit Bio, a UK-based startup, provides cell therapy-based solutions to enable a variety of applications like academic research and drug discovery. Both the skeletal myocytes and glutamatergic neurons help pharmaceutical R&D with high throughput drug screening which makes the drug discovery process faster.
RealMeds – Anti-Counterfeiting Ledger
Pharmaceutical companies have intricate and long supply chains starting from manufacturer to end consumer. Leveraging a blockchain ledger to scan and verify the authenticity of medicines reduces the chance for drug counterfeiting. Scanners, barcodes, and RFID scan the product whenever it changes hands to create a block in the chain. Blockchain technology is tamper-proof and provides full visibility of transactions to all stakeholders.
RealMeds, an Indian startup, provides pharmaceutical manufacturers with a unique QR code for their clients’ products. Their solution allows for scanning products for processes like inventory auditing, moving to distributor and customer point of sale. This leverages an immutable ledger that records transactions for all stakeholders in order to check for potential discrepancies.
uFraction8 – Bioprocessing
Bioprocessing paves the way for medicine development and production. Pharmaceutical companies struggle with scalability issues. With the help of advanced analytics and Artificial Intelligence (AI)/Machine Learning (ML), the development stage is simulated and the exact requirement for pharmaceutical input to produce a specific drug is generated.
UFracrtion8, a German startup, provides pharma companies with scalable and sustainable cell separation technology. Bioprocessing technology helps with yeast, bacteria, and algae production to be used as raw material for drug or medicine manufacturing. With a continuous supply of raw materials, pharma manufacturers have everything for continuous medicine production.
Clinevo Technologies – Pharmacovigilance & Drug Safety
Pharmaceutical manufacturers have to comply with a numerous list of regulatory bodies on a regular basis and keep up with an ever-evolving global standard. Additionally, these standards are revised as new products are developed. Pharmaceutical companies invest heavily in product development and with the help of technology, like advanced analytics and AI, monitor the quality levels to meet global standards.
Clinevo Technologies, an Indian startup, provides pharmacovigilance solutions to pharmaceutical manufacturers. The cloud-based solution, with the help of advanced analytics and AI, helps pharma companies manage their regulatory submissions in real-time. Also, the cloud-based platform enables real-time tracking of various drug safety protocols.
TagBox – Track & Trace For Supply Chain Visibility
Track and trace of all pharmaceutical end products are highly essential due to the risk of quality issues. Pharmaceutical manufacturers require an end to end visibility of processes and quality standards in order to monitor and correct deviations. Technology like RFID, holograms, and embedded digital information enable swift product callbacks as well.
TagBox, a Singaporean startup, provides supply chain visibility platforms for pharmaceutical manufacturers. With the help of real-time temperature monitoring and AI, the solution offers to track products throughout the supply chain. Track and trace of products based on temperature regulations and other transport-related quality parameters (transport damages, quality control) help pharma companies improve overall supply chain efficiency.
What About The Other 2.859 Solutions?
While we believe data is key to creating insights it can be easy to be overwhelmed by it. Our ambition is to create a comprehensive overview and provide actionable innovation intelligence so you can achieve your goals faster. The 5 smart pharma startups showcased above are promising examples out of 2.864 we analyzed for this article. To identify the most relevant solutions based on your specific criteria, get in touch.