Changing pharma dynamics & the IT-Pharmacy
Last week’s MM&M webcast titled “From Selling Pills to Selling Health Outcomes” was packed with thought provoking material. Joining the podcast were Daniel Hawkins (Clarion Healthcare Consulting), Dennis Urbaniak (Sanofi-Aventis) and Dan Rubin (inVentiv Patient Outcomes).
Daniel Hawkins introduced the current market scenario as follows : the traditional pharma marketing formula; first-to-market and market-share-through-promo-spending, is no longer effective. The sales-rep arms-race is not sustainable and regulatory changes are reducing the possibilities for pharma ‘buying’ MD-advocates and DTC advertising.
This makes it increasingly critical for pharma companies to identify the new customer-centric service improvements that will keep them competitive. One example that particularly caught our attention was the idea that improving patient adherence was a source of competitive advantage. Hawkins pointed to the “Depress” 1996 study, which showed that out of 4500 patients diagnosed, only 400 actually received ‘effective treatment’. The rest either didn’t receive the medication or failed in adherence. Pharma may potentially be the only industry where it was somehow acceptable that over 90% of customers didn’t receive adequate service. Clearly there is a HUGE potential for improvement here.
With the main questions identified as: a) are customers getting the product and b) are they actually taking the medication, we can draw the conclusion that there is an increasing role for IT-enabled pharmacies to become pivotal data providers for pharmaceutical product development and marketing. We are therefore likely to see steadily increasing incentives for pharmacies to become the driving force in connecting closer with patients and monitoring their medication compliance.
–
In follow up posts we’ll be examining the take-away points from the other two presentations in the podcast.


[...] headline » Changing pharma dynamics & the IT-Pharmacy Tue, 7/07/09 – 16:59 | No Comment [...]
Great webcast and insights - thank you for posting this information!
I completely agree that the potential to improve adherence is enormous and that pharmacists have an important role to play in this effort.
As physicians have less and less time to devote to each patient, pharmacists have become an essential source of information, support and advice for patients.
The webcast presentation emphasises that affordability and perceived value of medication are two very important factors driving patient adherence. I think that these two issues can be addressed extremely efficiently using social media - by bringing information and services to the places patients consult.
Pharmacists are surprisingly absent from the online conversation today. This is a pity, they should be at the table. Could pharma facilitate online access and advice from pharmacists to patients?
Just one thought
Leave a comment!
Highlight »
The API decision
Although we’ve seen a huge increase in the number of clients going straight to purchasing white-label formulations products, basically the switch for European generics companies from manufacturing to marketing, CEE markets still have low manufacturing …
Archive
Blogroll
Tag Cloud
acquisition actavis adherence alliance boots aurobindo biogenerics biosimilars biotech brand name cGMP compliance daiichi ehealth eu fors generics glaxo gmp health 2.0 india licensing Lloyds pharmacy lonza merck merger meta-analysis novo nordisk obama patent expiry patents pfizer pharma marketing ranbaxy ratiopharm reimportation rowlands sale sanofi-aventis schedule m small scale production social media telemedicine teva trends zentiva