PSI Calc Podcast

A Day in the Life of a Statistician…

Statistics isn’t traditionally known to be a trendy subject, but data and data analytics is fast becoming a main driving force around the world for many industries and organizations. In the pharmaceutical industry, the visibility of statisticians is increasing and we are highly influential in the decision-making process.

Now that’s a lot of power we hold, so let’s put it to good use!

What’s covered in Episode 2?

The Drug Development Process

How do we develop new medicines to treat nasty and debilitating diseases? 

It all starts by discovering a novel target molecule in the lab. Fast forward 12 years and an average expenditure of 1.5 billion dollars we hopefully get the thumbs up from health authority bodies to license the medicine for public use.

So we skipped a lot of important steps there.  The journey for developing new medicines is extremely lengthy and complicated.  Fortunately, you can listen to this podcast and learn about all the important stuff relevant to statisticians in just 20 minutes!

As statisticians we contribute to all aspects of drug development. Having knowledge of the process from start to finish is important, as it will help you understand why statistics is an essential and relied upon toolkit in this industry.

Specifically, we’ll talk about…

Do you have a passion for numbers and want to save lives?

The PSI CALC podcast is a 5 part series occurring bi-weekly. In this series, Alexander and members of the PSI CALC team discuss medical statistics as a career option.

This series is aimed at university students reading Mathematics or Statistics wanting to know more about the career opportunities available in the Pharmaceutical and Healthcare industry as a statistician.

Tune in to this introduction, which gives an overview of what to expect in future episodes.