Pharmaceutical Executive
As 2006 gets under way, changes in the industry are creating new opportunites for product managers, along with a landslide of challenges. Blockbuster drugs that represent 50 to 60 percent of pharmaceutical sales will come off patent in the next few years, and with consumer awareness now greater than ever, product managers need to work even harder to keep up. The articles in this volume address these growing concerns.
As 2006 gets under way, changes in the industry are creating new opportunites for product managers, along with a landslide of challenges. Blockbuster drugs that represent 50 to 60 percent of pharmaceutical sales will come off patent in the next few years, and with consumer awareness now greater than ever, product managers need to work even harder to keep up. The articles in this volume address these growing concerns.
Jeannette Park
As consumers increasingly go online for health information, it's crucial for marketers to capitalize on this medium by getting out messages to the right audiences. David Stern of Serono reviews some of the best practices in e-marketing today, focusing on the strategies Serono has employed to better communicate with physicians.
Consumers want drug companies to remember they're people, not just patients. A new study from Health Strategies Group reveals that when it comes to choosing prescriptions, patients seek drugs that help them optimize their quality of life. So your drug promises to relieve symptoms...so what? People want to know how it'll make them feel.
Companies that don't have internal checks-and-balances systems to monitor compliance will pay the price. Wayne Pines and Ilyssa Levins suggest investing in education and consulting regulatory counsel to better address compliance questions—and gain competitive advantage.
And finally, Lesley Frank of FDA gives companies a "don't-cheat sheet" for DTC ads. Misleading information, and unclear communication of indications and clinical significance, are just some of these infringments. To avoid getting a warning letter posted to FDA's Web site, read what not to do when promoting your drug directly to consumers.
Jeannette Park is Pharmaceutical Executive's special projects editor. She can be reached at jpark@advanstar.com
Planning for Unique Challenges Faced by Cell & Gene Therapy Developers
May 8th 2024In an interview with Pharm Exec Associate Editor Don Tracy, Melissa Lattanzi, VP, Emerging Therapies, Cencora, discusses the unique challenges that developers of cell and gene therapies need to plan for when building their channel strategy.
The State of Mining Data Insights in the Life Sciences Industry – 2024
April 30th 2024A Frost & Sullivan industry-wide survey reveals which insights most pharmaceutical companies have mastered and which are still painful or impossible to extract and details the complexity of the process, the confidence companies have in their findings, and more. Hear Web Sun, President and Co-founder of Komodo Health, share what's driving these challenges and how you can overcome them.