With the outbreak of so many new medical challenges, the world must become equipped to incorporate technology in the medical world to help them out. The world is changing very fast, and health technologies are developing at an unprecedented level.
To counter and meet the challenges of this age, many new start-up companies that are interested in taking the health care industry to new heights are coming up.
These new companies are built on the foundation of facilitating all by being flexible and using technology to help them grow. One of the most notable companies that are now in the limelight is Pipelinepharma.
What Is Pipelinepharma?
One of the best health technology start-up companies that have developed recently is Pipelinepharma. When you go to their website, you will find that many pharmaceutical products will be registered on the website. The creator of this company has built a B2B marketplace, especially for the pharmaceutical industry.
The Pipelinepharma marketplace has a model that is very rare to find and implemented in most places. It is a unique place where pharma companies, buyers, as well as sellers, can connect to build networks and facilitate the making of deals.
Many types of deals can be struck with the help of this company’s AI or artificial intelligence, which provides the most updated information from its ever-growing database. This database contains an in-depth record of pharmaceutical manufacturers, the products they are creating as well as pharmaceutical businesses that are up for sale.
With the help of such information, this B2B marketplace facilitates as interested parties sign deals for licensing, invests in new products and companies, etc.
1] How Does The Technology Of This New Company Work?
At the moment, our service is offered via the web, with an app in development. There is a database for clients to search for different products. From a dropdown menu, they can choose a generic drug and then look at the different proposals for that drug.
Then they can apply to manufacturers by filling in a few questions about their business model, target market, and quantities – these are then sent directly to the manufacturers.
Yes, we’re looking at the global market. At the moment, our website is only in English, but we are working and will adapt and translate to the top 10 most popular languages. We already have clients from all over the world.
2] The Recent Success of This Company
Pipelinepharma is one of the latest company has Practica Venture Capital II behind them as an investor. It is the latest venture capital fund of Practica Capital, and its partner DonatasKeras has foreseen a bright future for the company.
It has the right structure as well as human resources to help the company become one of the most significant development tools the pharmaceutical sector has seen. The company has the potential to give a new dimension to the pharmaceutical sector not only at the regional level but at the global level as well.
The investors have noted that the business model of pipeline farmers is unique, and it has not been completely implemented in the global pharmaceutical industry. Although on the global scale, you will find that traditional business models are thriving; these somewhat conservative Business models include exhibitions or conferences to make the public aware of the product, which is still very much prevalent.
But this does not mean that we cannot bank on most big business sectors to catch up to this new era. Even the pharmaceutical sector, like all the sectors, has been predicted to use innovative tools more as we step into 2020.
As the pharmaceutical sector is taking a more global outlook, it is understood that this is the perfect condition for the development and future of pipelinepharma as it is a new venture which will pull the sector into a bright future.
The company has also been granted the complete rights to out-license more than a hundred different kinds of pharmaceutical products for markets in South Africa, European Union Australia, as well as New Zealand. It can help the company bring in new revenue as well as accelerate its growth.
3] What Can The Company Do To Ensure That They Have A Bright Future?
If Pipelinepharma wants to keep up its success story, then there must avoid making the mistakes that more startup companies do from the beginning. Finding investors is the most important thing that a startup company must look into. Due to a lack of funds, many billion startups fail to make a name for themselves.
All the company has managed to acquire some big names as their investors, as the days go by the company shall increase and keep up with the demands of the market as well as to expand globally more investors are needed. The company shall also speak proper partners who shall help the Pipelinepharma to big-name globally.