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Center for Business Intelligence Pharmaceutical Relaunch Product Conference May 23, 2006 Chauncey Smith
CBI Pharmaceutical  Product Relaunch Conference   ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Introductions and Acknowledgements ,[object Object],[object Object],[object Object],[object Object]
Situation analysis ,[object Object],[object Object],[object Object]
Situation analysis ,[object Object],[object Object],[object Object],[object Object]
If your business plan is tied to sales force  productivity, you need to make sure  “the engine is hitting on all cylinders” Source - ROI Analysis of Pharmaceutical Promotion Study – Association of Medical Publications - 2002 +  $0.52 $0.25 $0.19 DTC N N $3.56 Medical Ed +  $0.88 $2.22 $5.00 Journal Ad +  $0.19 $1.45 $1.72 Detailing Margin of error  95% confidence 1997 – 1999 launches (Brand sales of $25-50MM) ROI per Dollar spent (1991 – 99 launches with Brand sales of $25-200MM)
Limited physician access has meant fewer  opportunities for representative led product  differentiation… for years Source: Access to high prescribers:  The World of Doorknob details, 1999; Scott-Levin; associate ride-alongs and interviews; financial press articles; MD interviews ,[object Object],87% of calls last less than  2 minutes ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],? ,[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],Shout your way to the top! ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Maybe there is more than one way to communicate Give them what they want… when they want it! This evolution of the traditional Pharma  Selling Model has been going on since  the late 90’s Strategic marketers have evolved with the market to address the new model’s realities
Consider: building an eLearning based  training platform to support your product  launch because… Reusable Digital Training Objects* Could comprise 80% of content and cost for these activities Promotional Physician Education Internet Marketing Convention & Symposia eDetail test* MiniCD announcement for website* Mode of action animation* It enables costs effective promotion through other channels
Repurposing reusable objects into web enabled promotion can help communicate effectively with a diverse target audience 2004 Self-Service  and  self-selected for lower tier ($)   Personal Selling Integrated Marketing (1:1) Optimal  experiences with heavy recruiting for top prescribers ($$$) Mass-Customized  approach with moderate recruiting for mid-tier prescribers ($$) “ Model allows you to spend effectively in proportion to HCP value, consistently and in alignment with individual preferences” Decile 8-10 Specialists Decile 4 -7 Specialists Decile 7-10 PCP NP/PAs in Specialty Decile 1-3 Specialists Decile 1-6 PCP NP/PAs Pharmacists $$$ $$$ $$$ $$ $
And has utility throughout  the Product Life Cycle Launch / Growth Mature Decline /  Harvest ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Oxistat Relaunch:  Getting started –  looking for the right strategy! ,[object Object],[object Object],[object Object],[object Object]
Selecting a training partner was helped by  developing a clear project brief ,[object Object],[object Object],[object Object],[object Object]
We chose ScienceMedia as our training partner ,[object Object],[object Object],[object Object],[object Object]
After all of the analysis and research a winning strategy emerges for Oxistat ,[object Object],[object Object],[object Object]
Result: investment in “training” drove TRx growth  inside and outside sales force alignment by forcing  us to sharpen our message Data on file
Another example of how this concept was  utilized for relaunch is what we did for the  steroid products Reusable Digital Training Objects* Could comprise 80% of content and cost for these activities Promotional Physician Education Internet Marketing Convention & Symposia eDetail test* MiniCD announcement of website* Mode of action animation*
eDetail test and website resource Reusable Asset - Extensions 1 & 2 ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The Number of eDetail Pilot Program Participants Met our Expectations ,[object Object],[object Object],[object Object],Data on file
Participants by Specialty Met our Criteria Breakdown of Participants  by Specialty Data on file
Satisfactory Distribution of Participants by Segment Breakdown of participants by Decile* *Data on file - As of 9 March, Does not include Physicians for which Decile information was not provided
Post test analysis shows an increase of +25%  in the test cell, while the total low potency segment  was +3% for the same period Pre      Post     Pre Post Data on file
Oxistat Relaunch Case Study Conclusions for Pharmaceutical Marketers ,[object Object],[object Object],[object Object],[object Object],[object Object]
Thank you Center for Business Intelligence Pharmaceutical Product Relaunch Conference

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Center For Business Intelligence Pharma Relaunch 06 Final Update

  • 1. Center for Business Intelligence Pharmaceutical Relaunch Product Conference May 23, 2006 Chauncey Smith
  • 2.
  • 3.
  • 4.
  • 5.
  • 6. If your business plan is tied to sales force productivity, you need to make sure “the engine is hitting on all cylinders” Source - ROI Analysis of Pharmaceutical Promotion Study – Association of Medical Publications - 2002 + $0.52 $0.25 $0.19 DTC N N $3.56 Medical Ed + $0.88 $2.22 $5.00 Journal Ad + $0.19 $1.45 $1.72 Detailing Margin of error 95% confidence 1997 – 1999 launches (Brand sales of $25-50MM) ROI per Dollar spent (1991 – 99 launches with Brand sales of $25-200MM)
  • 7.
  • 8.
  • 9. Consider: building an eLearning based training platform to support your product launch because… Reusable Digital Training Objects* Could comprise 80% of content and cost for these activities Promotional Physician Education Internet Marketing Convention & Symposia eDetail test* MiniCD announcement for website* Mode of action animation* It enables costs effective promotion through other channels
  • 10. Repurposing reusable objects into web enabled promotion can help communicate effectively with a diverse target audience 2004 Self-Service and self-selected for lower tier ($) Personal Selling Integrated Marketing (1:1) Optimal experiences with heavy recruiting for top prescribers ($$$) Mass-Customized approach with moderate recruiting for mid-tier prescribers ($$) “ Model allows you to spend effectively in proportion to HCP value, consistently and in alignment with individual preferences” Decile 8-10 Specialists Decile 4 -7 Specialists Decile 7-10 PCP NP/PAs in Specialty Decile 1-3 Specialists Decile 1-6 PCP NP/PAs Pharmacists $$$ $$$ $$$ $$ $
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  • 16. Result: investment in “training” drove TRx growth inside and outside sales force alignment by forcing us to sharpen our message Data on file
  • 17. Another example of how this concept was utilized for relaunch is what we did for the steroid products Reusable Digital Training Objects* Could comprise 80% of content and cost for these activities Promotional Physician Education Internet Marketing Convention & Symposia eDetail test* MiniCD announcement of website* Mode of action animation*
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  • 20. Participants by Specialty Met our Criteria Breakdown of Participants by Specialty Data on file
  • 21. Satisfactory Distribution of Participants by Segment Breakdown of participants by Decile* *Data on file - As of 9 March, Does not include Physicians for which Decile information was not provided
  • 22. Post test analysis shows an increase of +25% in the test cell, while the total low potency segment was +3% for the same period Pre Post Pre Post Data on file
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  • 24. Thank you Center for Business Intelligence Pharmaceutical Product Relaunch Conference