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Short and long term impacts of COVID-19 on the pharmaceutical sector.
Ayati, Nayyereh; Saiyarsarai, Parisa; Nikfar, Shekoufeh.
  • Ayati N; Department of Pharmacoeconomics and Pharmaceutical Administration, School of Pharmacy, Tehran University of Medical Sciences, Tehran, Iran.
  • Saiyarsarai P; Department of Pharmacoeconomics and Pharmaceutical Administration, School of Pharmacy, Tehran University of Medical Sciences, Tehran, Iran.
  • Nikfar S; Evidence-Based Evaluation of Cost-Effectiveness and Clinical Outcomes Group, Pharmaceutical Sciences Research Center (PSRC), and the Pharmaceutical Management and Economics Research Center (PMERC), The Institute of Pharmaceutical Sciences (TIPS), Tehran University of Medical Sciences, Tehran, Iran.
Daru ; 28(2): 799-805, 2020 Dec.
Article in English | MEDLINE | ID: covidwho-621499
ABSTRACT

BACKGROUND:

The novel coronavirus disease 2019 (COVID-19) was characterized as a global pandemic by the WHO on March 11th, 2020. This pandemic had major effects on the health market, the pharmaceutical sector, and was associated with considerable impacts; which may appear in short and long-term time-horizon and need identification and appropriate planning to reduce their socio-economic burden.

OBJECTIVES:

Current short communication study assessed pharmaceutical market crisis during the COVID-19 era; discussing short- and long-term impacts of the pandemic on the pharmaceutical sector.

RESULTS:

Short-term impacts of COVID-19 pandemic includes demand changes, regulation revisions, research and development process changes and the shift towards tele-communication and tele-medicine. In addition, industry growth slow-down, approval delays, moving towards self-sufficiency in pharm-production supply chain and trend changes in consumption of health-market products along with ethical dilemma could be anticipated as long-term impacts of COVID-19 pandemic on pharmaceutical sector in both global and local levels.

CONCLUSION:

The pandemic of COVID-19 poses considerable crisis on the health markets, including the pharmaceutical sector; and identification of these effects, may guide policy-makers towards more evidence-informed planning to overcome accompanying challenges. Graphical abstract .
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Full text: Available Collection: International databases Database: MEDLINE Main subject: Research / Pharmaceutical Preparations / Drug Industry / COVID-19 Type of study: Experimental Studies Topics: Long Covid Limits: Humans Language: English Journal: Daru Year: 2020 Document Type: Article Affiliation country: S40199-020-00358-5

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Full text: Available Collection: International databases Database: MEDLINE Main subject: Research / Pharmaceutical Preparations / Drug Industry / COVID-19 Type of study: Experimental Studies Topics: Long Covid Limits: Humans Language: English Journal: Daru Year: 2020 Document Type: Article Affiliation country: S40199-020-00358-5