The medical industry and the pharmaceutical industry work hand in hand to try and cure deadly diseases that plague mankind. They also work together to provide patients with the proper medicine that helps them handle minor problems. For instance, medication can be prescribed to a patient that has a learning disability. However, the medication must be tested and one of the unique forms of testing is the EEG study.
For those who do not know, EEG stands for electroencephalogram. This is essentially a form of electrophysiological monitoring method that works to study and understand the brain. It specifically deals with recording the electrical activity of the brain. While some would be fearful of this study, others are very interested in it. So here are the facts on an EEG study:
Unlike a PSG sleep study, an EEG study deals with a test subject that must get involved with learning activities and brain functionality. So more often than not during an EEG study, the subject will watch videos and answer questions while their brain is properly monitored. This can help provide a better understanding of the neurons in the brain.
Thanks to the pharmaceutical industry, many deadly diseases have been cured. For instance, Hepatitis C once required life-long treatment and potentially a liver transplant. Today, 90-95% of patients can now be cured after receiving an 8 to 12-week drug treatment. So this is just one of the many benefits that can come from testing drugs through phase 1 drug trials, phase 2 drug trials, and a phase 3 drug trial.
According to the International Federation of Pharmaceutical Manufacturers and Associations, there is a large amount of money spent on research and development which can include an EEG study. As of the year of 2017, this spending in the research-based pharmaceutical industry managed to reach nearly $150 billion. While this could seem over the top to some, it is essential to understand that this research and development can potentially save lives!
It is important to know that according to the International Federation of Pharmaceutical Manufacturers and Associations, five of the world’s leading 11 research and development firms in 2014 were comprised of pharmaceutical companies. By 2020 the global pharmaceutical industry will grow to reach a total value of $1.43 trillion. As these numbers increase, there will surely be more people interested in an EEG study.
The United States patent term for new drugs is 20 years, and patented drugs are eligible for five years of market exclusivity, which depends on the time between patent approval and U.S. Food and Drug Administration approval. This time is long but it is important. It can help drugs be as safe as possible for anyone that needs them.
An EEG study can help people with epilepsy studies and can pave the way for a new medication for this issue. It will help anyone that suffers from this medical issue both in the short term and the long term. Keep in mind that according to a 2016 report from the International Trade Association, there are an estimated 100,000 over-the-counter drug products marketed and sold in United States stores.
There are typically four key phases in clinical trials. Phase one tests safety in human use; phase two tests the drug’s effectiveness at treating disease; phase three tests large-scale safety and effectiveness; finally, stage four tests long-term safety. Phase two clinical trials involve a larger group of people than phase one trials, and these studies can take up to two years.
As medicine and technology continue to expand and grow, it is essential for people to be educated on these subjects. There are some situations where unknown facts can lead to speculation which turns into fear. People will often be against or cautious of things they do not know about. So once they start looking at the word electroencephalogram, they are immediately intimidated. However, after a brief explanation, they will surely understand the value and importance of the EEG study.