Page 164 - Emerging Trends and Innovations in Web-Based Applications and Technologies

International Journal of Trend in Scientific Research and Development (IJTSRD)
Special Issue on Emerging Trends and Innovations in Web-Based Applications and Technologies
Available Online: www.ijtsrd.com e-ISSN: 2456 – 6470

Regulating the Exchange of Unused Medicines: The Role of
Pharma Exchange in Improving Medicine Accessibility

Dnyanda Waghmare , Akash Kanojiya , Prof. Anupam Chaube
2
1
3
1,2 BCA, Department of Science and Technology,
3 Department of Science and Technology,
1,2,3 G H Raisoni College of Engineering and Management, Nagpur, Maharashtra, India

ABSTRACT professionals, and legislators in order to establish uniform
Waste reduction, cost reduction, and improved access to frameworks.

healthcare worldwide may all be achieved by the
redistribution of unneeded medications. This study INTRODUCTION
investigates the function of Pharma Exchange, a fictitious Millions of dollars' worth of prescription drugs are wasted
website intended to make it easier for people to safely and every year, contributing to environmental damage and lost
responsibly trade their unneeded medications. In order to chances to increase access to healthcare. Unused
determine how such a platform could overcome obstacles medications represent a serious global problem. While low-
to pharmaceutical redistribution while maintaining safety income areas experience severe pharmaceutical shortages,
and efficacy, the article examines regulatory frameworks, high-income locations frequently have excess medications
ethical issues, and logistical difficulties. The results due to factors including prescription revisions, misdiagnoses,
emphasize the substantial economic and public health or gains in health. Redistributing unneeded medications
advantages of establishing Pharma Exchange, underscoring provides a long-term way to close these gaps, particularly
the necessity of creative policies to enable the sustainable when it comes to treating rare and chronic illnesses.
and profitable exchange of unused medications on a
However, complicated legal frameworks, worries about
worldwide bass
authenticity and safety, and logistical difficulties impede this
Redistributing unwanted drugs could help with the world's process. The conceptual platform Pharma Exchange, which
most pressing problems with economic inefficiencies, was created to enable the safe and controlled exchange of
environmental sustainability, and healthcare accessibility. unused medications, is examined in this study.
Prescription drug waste amounts to millions of dollars per Reducing medical waste and increasing healthcare
year as a result of misdiagnosis, prescription adjustments, accessibility are two major worldwide issues that can be
or improvements in health. Global health disparities are addressed through the exchange of unwanted medications.
exacerbated by the significant pharmaceutical shortages Millions of prescriptions go unused, especially in high-
that low-income areas face at the same time. To close these income areas, as a result of prescription revisions,
disparities, the suggested platform, Pharma Exchange, misdiagnoses, or improvements in health. Public health
seeks to offer a regulated, open, and moral system for the inequities are exacerbated by the acute lack of medications
redistribution of unneeded medications.
in underserved and lowincome communities.
This study explores the logistical, ethical, and regulatory In order to close these gaps, redistributing unneeded
obstacles related to pharmaceutical redistribution in order medications could be extremely helpful, especially for
to determine the viability and benefits of putting such a individuals with rare or chronic conditions whose treatment
platform into place. Using a mixed-method research is expensive. Implementing such a program, however,
technique, the study incorporates qualitative information presents difficulties, such as guaranteeing the safety and
from global regulatory.
authenticity of medications and adhering to intricate legal
Among the main issues noted are the absence of and ethical requirements.
standardized international rules, which frequently label
The necessity for a sustainable redistribution mechanism is
unneeded pharmaceuticals as waste, and the requirement
further highlighted by environmental issues, such as
to guarantee the security and legitimacy of medications that
pollution brought on by the inappropriate disposal of excess
are redistributed. The study emphasizes how important
medications.
cutting-edge technologies like blockchain and artificial
intelligence are to overcome these obstacles because they The conceptual platform Pharma Exchange, which was
offer transparent supply chain monitoring that is safe. created to enable the safe and controlled exchange of unused
medications, is examined in this study. It addresses obstacles
Along with a roughly 30% decrease in pharmaceutical
pertaining to logistics, regulations, and ethical issues while
waste, the platform might lower treatment costs by up to
highlighting the possible advantages, such as cost savings,
20% and improve accessibility for 40% of disadvantaged
better health results, and alignment with global
populations. Adoption of Pharma Exchange also helps to
sustainability goals. Through the use of cutting-edge
reduce pollution from inappropriate drug disposal, which is
technologies and the promotion of cooperation between
in line with global sustainability goals.
legislators, healthcare professionals, and regulatory agencies,
The report concludes by highlighting the necessity of global Pharma Exchange provides a framework for the
cooperation between technology developers, healthcare
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