Healthcare
Entering the digital era Global Investor, 02/2012 Credit Suisse
Entering the digital era
Global Investor, 02/2012
Credit Suisse
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GLOBAL INVESTOR 2.12 — <br />
Photo: Cédric Widmer<br />
In the first decades of the 20th century, a series of scientific discoveries<br />
significantly expanded therapeutic options. The chemical industry<br />
discovered aspirin (1899) and, in 1910, salvarsan, the first drug<br />
against syphilis. In the 1930s, thanks to the work of Gerhard Domagk<br />
at Bayer and the group of Ernest Fourneau at the Pasteur Institute<br />
in Paris, sulfonamides offered effective treatment against a variety<br />
of infectious diseases, in particular human African trypanosomiasis<br />
– sleeping sickness – and leprosy. Working in the laboratory of<br />
John Macleod in 1921, Frederick Banting and Charles Best isolated<br />
insulin, which enabled immediate treatment of diabetics. Following<br />
Karl Landsteiner’s discovery of blood groups in 1901, the first blood<br />
bank was created by the Mayo Clinic in 1935. In 1928, Alexander<br />
Fleming discovered that the mold destroying bacterial samples he<br />
was working with contained penicillin. Its active agent was later<br />
isolated in 1941 and tested on a small group of patients. The results<br />
were striking, and large-scale production of penicillin became a priority<br />
for the chemical war industry, along with DDT against the transmission<br />
agents of malaria and typhus. In 1943, Selman Waksman isolated<br />
another product from fungus, streptomycin. Its clinical effectiveness<br />
against tuberculosis was quickly established, signaling, at long last,<br />
control of the primary infectious disease of industrialized, urban society.<br />
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During and after the Second World War, a veritable explosion of science<br />
and technology brought even greater change to medicine and public<br />
health. Technology began to play an increasingly important role in<br />
medical practice owing to medical imaging, microsurgery, intensive<br />
therapy, transplantation, prostheses, immunosuppression and chemoand<br />
radiotherapy for cancer. New disciplines, in particular molecular<br />
biology, immunology and neurobiology, revised the theoretical understanding<br />
of medicine.<br />
At the beginning of the 20th century, Sigmund Freud’s discovery<br />
of the unconscious profoundly altered thinking about psychiatric disorders<br />
and spurred new therapeutic methods. The development of<br />
neuroleptics resulted in drug treatments for these illnesses.<br />
Epidemiology, which studies patterns of disease in populations,<br />
also expanded considerably during the mid-20th century due to innovative<br />
methods of investigation. The prototypes were the Framingham<br />
Heart Study in the 1940s and, more recently, the MONICA Project,<br />
sponsored by the WHO, which involves 41 collaborating centers around<br />
the world. Both followed large groups of men and women to determine<br />
the causes and risk factors of cardiovascular disease. Beginning in<br />
1950, a study by Richard Doll and Austin Hill established the causal<br />
link between cigarette smoking and lung cancer. The search for causal<br />
links between different factors and diseases is also the aim of<br />
so-called evidence-based medicine, which takes into account the<br />
best clinical, scientific and epidemiological data in medical decision<br />
making.<br />
In the area of policy, two events signaled the postwar future, with<br />
the creation in 1948 of the National Health Service in the United<br />
Kingdom and WHO, which was the fruit of an international collaboration<br />
in health that began with the first international health conference<br />
in Paris in 1859. For the very first time in history, health was defined<br />
as a fundamental right of individuals, and one of the essential components<br />
of the stability and well-being that are the goals of humanity.<br />
Bernardino Fantini <br />
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The molecular revolution of the 1950s and 1960s, which culminated<br />
in the complete sequencing of the human genome in 2003, brought >