Pham--founder of Mydrugrep.com, a B2B site providing pharmaceutical data--took home the five mil for an undisclosed equity stake.
For any at-risk industry, not just the food and pharmaceutical industries, the data confirms that we have already entered an era in which product recalls are nearly business-as-usual propositions.
"We have set up a one stop shop online listing clinical trial data - the Pharmaceutical Industry Clinical Trials database, " said a spokesman.
The overflow crowd heard him expound on key themes from his book, particularly his strident view that the pharmaceutical industry hides negative clinical data.
Pharmaceutical companies looking to mine Big Data for insights into breakthrough opportunities in personalized medicine realize that time is their enemy and speed is their ally.
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But that doesn't mean that disclosing data will be all bad for the pharmaceutical industry.
Today, the London-based pharmaceutical giant said it would give the FDA that data by the first quarter of 2003.
The Association of the British Pharmaceutical Industry (ABPI) says increasing amounts of data are being published but there must be recognition that 'release of commercially confidential information could undermine investment in research and development of future medicines'.
For retail, healthcare and pharmaceutical companies that now rely on critical findings of Big Data analytics, performance slowdowns can compromise key aspects of competitiveness such as how quickly and where a product is brought to market.
Dr. Lin has created a crowd sourcing model where patients and their families can raise funds through social networking, use those funds to sequence a genome using services such as IGS, partner with geneticists willing to help interpret the results, and then make the case to pharmaceutical companies to pursue novel treatments based on solid biological data.
ProPublica shares its underlying data on, say, doctors' links with pharmaceutical firms, helping to generate more coverage.
These and other data captured the interest of Servier, a global pharmaceutical company committed to heart failure and cardiovascular disease.
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More upside could come over the next year, as trial data comparing Rebif to Copaxone, another MS drug made by Teva Pharmaceutical Industries, is due out.
Under the self-imposed guidelines, collecting health and financial data about individuals is permissible as long as the data don't contain financial-account numbers, Social Security numbers, pharmaceutical prescriptions or medical records.
Last week the Guardian published a short extract from my new book about problems in the pharmaceutical industry, in which I talk at length about the problem of withheld clinical trial data.
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Last OCTOBER, one of the largest pharmaceutical companies in the world, GSK, announced that it would make patient-level data available and publish the results of both clinical study reports (CSRs) and clinical trials.
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Pharmaceutical firms are also expanding their interest, he added and some retail organizations are exploring big data.
Pharmaceutical companies, currently hanging off "the patent cliff", could also benefit from sharing the data from clinical trials, he said.
According to the lead author, Dr. Paul Ridker of the Brigham and Women's Hospital in Boston, Massachusetts, the pharmaceutical company had no input in the study's design and didn't see the final data analysis until the study was submitted for publication.
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Government organizations (including the U.S. National Institute of Mental Health), charitable foundations, and pharmaceutical companies across the world have all helped finance the initiative, but the funders played no role in the data collection, analysis, or publication.
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That's the picture from newly released data from IMS Health (nyse: RX - news - people ), a pharmaceutical information and consulting company that independently keeps track of how often medicines are prescribed and how much revenue they are generating.
Bullish investors also say Clinical Data is likely to get bought out at a significant premium by any of a number of desperate big pharmaceutical companies.
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