Let’s be real: even with the best intentions, AI systems can reflect our own unconscious biases. As Daniel Kahneman and Amos Tversky famously demonstrated in their groundbreaking work on Prospect Theory, humans are prone to cognitive biases that influence our…
REGULATORY
JPMA Pushes Simple Price Maintenance for Innovative Meds; PhRMA, EFPIA in Sync
The Japan Pharmaceutical Manufacturers Association (JPMA) on July 5 proposed the introduction of a simple price maintenance system that would protect certain innovative drugs from being exposed to routine price revisions, rather than covering price cuts with premiums. What is…
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