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| May 2008 | ||||||||
Standard and Innovative Methods for Tracking Pharmaceutical Brand Performance
By Noah Pines, Executive Vice President,
GfK V2, and Cathy Su, Senior Manager, Market
Research, Gilead Sciences
The gates are open and your new medication
brand is off and running! The stakes are
high. Thousands of hours of meetings,
hundreds of millions of dollars not to
mention blood, sweat and tears are now being
put to the ultimate test by physicians and
patients.
At this juncture of high anxiety, one of the
pivotal questions faced by the brand team is:
What are the best ways to track - and enhance
- the performance in the market of this
newborn brand?
The purpose of this article is to
characterize the gamut of primary marketing
research techniques, both standard and
innovative, that pharmaceutical companies
have at their disposal not only to gauge
their products' performance, but also to
enhance the early impact a product may have
on the market.
Conducting Efficient Marketing Research -
The Most Pressing Need of Our Profession
No doubt, you have heard the phrase "Do more
with
less" applied to pharmaceutical marketing
research
countless times. While the expression
describes an
admirable goal, most of us have focused on
the "less"
part of this pronouncement. Many marketing
researchers now recognize it is not only the
fat that
has been cut out of the research process, but
much of
the bone too, as demands for lower prices,
rebates,
etc., now squeeze agencies to work in ways that
produce less than optimal results.
This month's published document for The
Orange
Pages challenges readers to concentrate
on "doing more." The
article outlines 10 key steps that, if
followed correctly,
will transform pharmaceutical marketing research
from being one of the first areas hit by
budget cuts to
an endeavor that actually helps pharmaceutical
companies reinvent themselves out of the
current, and
worsening, perfect storm in which the
industry finds
itself.
Risk Analysis, Choice Models and Early-Stage Forecasting in Pharmaceutical Markets
By Doug Willson, Ph.D., Senior Vice
President,
GfK Strategic Marketing
While pharmaceutical markets have experienced
unprecedented growth over the past few
decades, many observers are now concerned
about an innovation gap. Fewer and fewer new
products are coming to market, and drug
development costs are rising rapidly.
Moreover, it doesn't appear to be getting any
easier after launch. Competitive pressures
continue to increase as blockbusters lose
patent protection and lower-priced generics
become readily available. Regulatory
authorities have also become more cautious on
safety issues. From a reimbursement
perspective, payors are more regularly
applying restrictions - prior authorization,
step therapy, indication restrictions and
quantity limits - before reimbursement can
occur. Flat research productivity, rapidly
escalating development costs and heightened
competitive pressures after launch have clear
and troubling implications for profitability
across the industry and have increased
scrutiny and pressure on development
pipelines for many manufacturers.
In this challenging environment,
pharmaceutical manufacturers have
increasingly turned to early-stage market
research to help identify the most promising
development options from a commercial
perspective, and to provide information about
the impact of alternative clinical trial
designs and results on future market
opportunities.
Preparing for an Evolutionary Pharma Market: GfK's Presentation at the 2008 EphMRA Conference, Friday, June 27
We invite you to join the GfK U.S. Healthcare
Companies June 25-27 in Barcelona at the
European
Pharmaceutical Marketing Research Association's
(EphMRA) Annual General Meeting themed A
Night at the Movies.
On Friday, June 27, Richard B.
Vanderveer, Ph.D., Group Chief Executive
Officer, GfK
U.S. Healthcare Companies, will provide a
consciousness-raising exploration of the
future of pharmaceutical marketing research
with a
presentation titled, "Conducting Revolutionary
Research in Preparation for an Evolutionary
Pharmaceutical Market."
Did You Miss the April Issue of Topline?
Click here to read the issue, which includes:
Topline
archive now available. Skim the
directory and select
articles you missed. Access subscriber
opt-in/comment form.
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Patient Adherence: Information, Motivation and Aggravation - A Self-Ethnographic Portrait In previous presentations and articles, I have frequently commented that patient adherence, i.e., the combination of behaviors involving staying on chronic medications and not abandoning them without doctors' advice, and compliance, i.e. taking the medication as instructed, is finally gaining the attention it deserves in the pharmaceutical industry. Battling it out to be drug of choice for new-start patients on a chronic medication makes little sense in an era when only half the patients you win are on the drug within six months of initiation of therapy, especially since we are attempting to milk every dollar we can out of the limited number of new products being introduced each year. Reports of previous studies we have conducted, you will recall, indicate that the major drivers for patient adherence can be classified as information, motivation and aggravation. Sadly, the industry has focused primarily on information, believing that if we bomb patients with enough information about a product and/or the disease it is intended to treat, they will respond with adherence. This is the line of reasoning that causes the industry to mount patient compliance programs, like hypertension newsletters that patients ignore in droves, reporting that they really don't need to understand hypertension in any great depth, are irritated to be reminded on a regular basis that they are ill, and may be embarrassed if a family member encounters a document for a patient concerning a condition they did not know another family member had. In brief, swamping a patient with information will not engender adherence. Motivation, or rather the lack thereof, is, on the other hand, the member of the triad most likely to moderate whether or not a patient adheres with his/her program of chronic medication, since people are not prone to continue to spend time and money, both of which are required for compliance, if they do not understand the value proposition of the medication they are being told to take... Richard B. Vanderveer, Ph.D. Group Chief Executive Officer GfK U.S. Healthcare Companies Research Highlights: Oncology and Antibiotics
Data Download provides highlights of recently released data from GfK Market Measures' Therapeutic Class Studies (TCS). Based on primary market research, TCS provide in-depth analysis of market trends, physician practice patterns and competitive brand positioning. This month's selections cover research from studies conducted in the areas of Chronic Lymphocytic Leukemia and antibiotics. |
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