Project description
Innovative service for illegal online pharmacies impact assessment
The pharmaceutical analytics market is experiencing annual growth of 20 %. While pharmaceutical analytics companies play a crucial role in providing essential data for decision-making, there is a growing concern about bias in their data. This bias stems from their exclusive focus on sales from legal pharmacies, overlooking the significant sales generated by illegal online pharmacies. The sales from such pharmacies present a significant challenge. To address this limitation, the ERC-funded MIOPIC project will develop a web service that delivers comprehensive data and business analytics specifically focused on drug sales by illegal online pharmacies. Access to this web-based service will be available on a pay-per-use basis.
Objective
The pharma analytics market reached $60B in revenues in 2021 and is expected to grow at a 20% annual rate in the coming years. The data and business intelligence provided by pharma analytics companies around drug sales is of outmost importance for multiple stakeholders in the pharma industry (e.g. manufacturers, distributors, and regulators), who rely on this data for their decision-making. However, this data is becoming increasingly biased and myopic: it only accounts for drug sales from legal pharmacies, overlooking sales from illegal pharmacies. This limitation is becoming more and more problematic since sales from illegal pharmacies (mainly operating online) are growing at a substantive pace. The goal of this PoC is to address this limitation through the development of a web service that will provide data and business analytics on drug sales by Illegal Online Pharmacies (IOPs). This web service will allow potential users to visualize market trends, download data, and develop customized reports on IOPs The goal of this PoC is to develop a web service API that will provide data and business analytics on drug sales by Illegal Online Pharmacies (IOPs) through a web portal. This web service will allow potential users to visualize market trends, download data, and develop customized reports, and will be provided following a pay-per-use commercial structure. While multiple stakeholders in the pharma industry are potentially interested in this data (e.g. manufacturers, distributors, pharma analytics companies, policy-makers, and law enforcement authorities), this data is currently unavailable due to the obscure nature of IOPs activities. The web service proposed in this PoC will generate such data through the algorithms designed in the ILLEGALPHARMA ERC-funded project. Accordingly, this PoC outlines the technological and commercial processes that will be implemented to transform the research generated in ILLEGALPHARMA into a business innovation with market potential.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
- natural sciences biological sciences evolutionary biology
- medical and health sciences basic medicine pharmacology and pharmacy
- social sciences law
You need to log in or register to use this function
We are sorry... an unexpected error occurred during execution.
You need to be authenticated. Your session might have expired.
Thank you for your feedback. You will soon receive an email to confirm the submission. If you have selected to be notified about the reporting status, you will also be contacted when the reporting status will change.
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
-
HORIZON.1.1 - European Research Council (ERC)
MAIN PROGRAMME
See all projects funded under this programme
Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
HORIZON-ERC-POC - HORIZON ERC Proof of Concept Grants
See all projects funded under this funding scheme
Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) ERC-2022-POC2
See all projects funded under this callHost institution
Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
28046 MADRID
Spain
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.