Archive for July, 2015

July 10, 2015

Are we making right investments?

15 years ago when I was an engineering student I had not even seen a real mobile. 10 years ago during my MBA I had  basic Nokia 3310. 2.5 years ago my siblings gifted me a Samsung Note 2.

20 years ago we did not have cable in the house, 10 years ago we made our plans as per our favourite shows schedule, today I watch my shows on demand or online.

16 years ago I opened my first email account and logged onto internet and chatted on yahoo messenger. 9 years ago I opened my first social network account. Today I have at least 10 profiles on social media channels.

20 years ago following were thought incurable – cancer, heart diseases, diabetes, AIDS and many more diseases either acquired during lifetime or genetic – most of these still are maybe manageable to some extent but almost irreversible damage.20 years ago paracetamol was the drug for fever in India – it still is.

While we keep investing and making progress in all fields of our entertainment and communication the development in the field of healthcare is so limited.

Infant mortality rate in the developing nations (ironically euphemized as growth economies) has barely moved.

There is still a challenge of suitable drinking water in many countries in Growth economies and now even in a developed country like US in California.

The amount of investment made in making small to large healthcare developments and then to market them is so highly regulated and restricted that people and professionals are not aware of those or are not even interested. E.g. there is this event I have come to know of at GE in India called Jugadathon which does help engineers/healthcare professionals to come up with new innovative and cost effective solutions. This year from the ones I read about they had some cool innovations – like using neem as antiseptic which has been a proven time tested remedy in Indian households for ages. It is initiatives like these that need to be made more popular and common. How many of science projects have healthcare as a theme?

The healthcare giants should focus on doing more of these initiatives than just launching tweaked medical devices as new products. This is where the innovation lies and our growth as humanity.

Being a part of healthcare industry for last 4 years I understand the pains that a new device or drug would take to get approved but if there are more options to chose from there would be more of good outcomes.

Regulatory agencies around the world should not be considered the obstructions but partners as they are associated with governments who are supposed to be working for good.

Why are there so less of angel investors in healthcare – in fact I am aware of none.  Calico google is focused on life expectancy but not current quality of life or creating healthcare solutions.

Why do we as a society have our priorities so messed up. This should be a time to revamp on creative geniuses of the healthcare innovations instead of game designers – I am sure it is as cool as virtual reality of gaming.