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The Impact of Closed-loop Marketing on the Successful Commercialization of a New Product
2 What is Closed-loop Marketing? Evidenced-based  Decision Making Mange Business from Rx Pad Back
Closed-loop Marketing –  Evidenced based Decision Making 3 Evidenced-based  Decision Making Mange Business from Rx Pad Back
4 Closed-loop Marketing –  Promotional Framework Established Adoption Process of a new pharmaceutical agent is complex
Impact of Closed-loop Marketing on a New Product Launch? 6 Ways 5
Impact of CLM on a New Product Launch? 6 #1 Pre-launch Promotion
Traditional Pre-launch Promotion 7 Proactive versus re-active Dialogue versus Monologue Feedback versus Silence
New Product Launch Pre-launch Promotion Define a Clinical Problem Review Options Launch 8 ...Get Telaprevir Trial ...Manage Telaprevir Trial ...Position Telaprevir in Practice Pre-launch
New Product Launch Pre-launch Promotion: E-detailing 9
New Product Launch Pre-launch Promotion: Hit the Ground Running 10 Provide your sales force with a framework to jump start the prescribing habit
Impact of CLM on a New Product Launch? 11 #2 Contract the Sales Cycle
Contract the a New Product Launch Sales Cycle 12 Contracted Sales Curve Revenue Move Most Valuable Physician Group into the Growth Phase faster Revenue Traditional Sales Curve Spending Time Growth Mature Entry
Impact of CLM on a New Product Launch? 13 #3 Exploit the Window of Opportunity
14 Exploit the Window of Opportunity Market exclusivity – years reduced to months
Exploit the Window of Opportunity 15 Market exclusivity = months
Impact of CLM on a New Product Launch? 16 #4 Manage the Adoption Process
Manage the Adoption Process  Manage New Product Trial versus other New Products Manage a New Product Trial versus Current Entrenched Agents 17
Impact of CLM on a New Product Launch? 18 #5 Opportunity and Activity in Sync
Opportunity & Activity in Sync: Different Customers = Different Promotional Tactics Example New Hepatitis C Products Gastroenterologist  Carve out  HCV Specialty Primary Care Diagnose More Heptologists >200 in US Nurse Practioners Patient Management 19
Opportunity & Activity in Sync Assessing                                                     Selling 20
Impact of CLM on a New Product Launch? 21 #6 Real-time Campaign Management
Real-time Campaign Management NRx Data Call  Notes Sales Data Backward looking -  accuracy / meaning / timing? Market lagging – no predictive capability  Cannot be analyzed – subjective rambling narrative 22
Real-time Campaign Management: Adoption Stall 23
Closed-loop Marketing Impact on a New Product Launch Commercialization Summary 	It is only through a  lifecycle specific Closed-loop Marketing solution with its innovative enabling technology and business processes that key commercialization activities can be Executed, Tracked and Re-acted to: Prelaunch Promotion Contract the Sales Cycle Exploit Window of Opportunity Mange the Adoption Process Opportunity & Activity in Sync Real-time Campaign Management 24
Questions 25 David Delong, Chief Customer Evangelist The Customer Management Group (800)-477-0907 ddelong@cmg-pharma.com

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Closed-loop Marketing - New Product Commercialization

  • 1. The Impact of Closed-loop Marketing on the Successful Commercialization of a New Product
  • 2. 2 What is Closed-loop Marketing? Evidenced-based Decision Making Mange Business from Rx Pad Back
  • 3. Closed-loop Marketing – Evidenced based Decision Making 3 Evidenced-based Decision Making Mange Business from Rx Pad Back
  • 4. 4 Closed-loop Marketing – Promotional Framework Established Adoption Process of a new pharmaceutical agent is complex
  • 5. Impact of Closed-loop Marketing on a New Product Launch? 6 Ways 5
  • 6. Impact of CLM on a New Product Launch? 6 #1 Pre-launch Promotion
  • 7. Traditional Pre-launch Promotion 7 Proactive versus re-active Dialogue versus Monologue Feedback versus Silence
  • 8. New Product Launch Pre-launch Promotion Define a Clinical Problem Review Options Launch 8 ...Get Telaprevir Trial ...Manage Telaprevir Trial ...Position Telaprevir in Practice Pre-launch
  • 9. New Product Launch Pre-launch Promotion: E-detailing 9
  • 10. New Product Launch Pre-launch Promotion: Hit the Ground Running 10 Provide your sales force with a framework to jump start the prescribing habit
  • 11. Impact of CLM on a New Product Launch? 11 #2 Contract the Sales Cycle
  • 12. Contract the a New Product Launch Sales Cycle 12 Contracted Sales Curve Revenue Move Most Valuable Physician Group into the Growth Phase faster Revenue Traditional Sales Curve Spending Time Growth Mature Entry
  • 13. Impact of CLM on a New Product Launch? 13 #3 Exploit the Window of Opportunity
  • 14. 14 Exploit the Window of Opportunity Market exclusivity – years reduced to months
  • 15. Exploit the Window of Opportunity 15 Market exclusivity = months
  • 16. Impact of CLM on a New Product Launch? 16 #4 Manage the Adoption Process
  • 17. Manage the Adoption Process Manage New Product Trial versus other New Products Manage a New Product Trial versus Current Entrenched Agents 17
  • 18. Impact of CLM on a New Product Launch? 18 #5 Opportunity and Activity in Sync
  • 19. Opportunity & Activity in Sync: Different Customers = Different Promotional Tactics Example New Hepatitis C Products Gastroenterologist Carve out HCV Specialty Primary Care Diagnose More Heptologists >200 in US Nurse Practioners Patient Management 19
  • 20. Opportunity & Activity in Sync Assessing Selling 20
  • 21. Impact of CLM on a New Product Launch? 21 #6 Real-time Campaign Management
  • 22. Real-time Campaign Management NRx Data Call Notes Sales Data Backward looking - accuracy / meaning / timing? Market lagging – no predictive capability Cannot be analyzed – subjective rambling narrative 22
  • 23. Real-time Campaign Management: Adoption Stall 23
  • 24. Closed-loop Marketing Impact on a New Product Launch Commercialization Summary It is only through a lifecycle specific Closed-loop Marketing solution with its innovative enabling technology and business processes that key commercialization activities can be Executed, Tracked and Re-acted to: Prelaunch Promotion Contract the Sales Cycle Exploit Window of Opportunity Mange the Adoption Process Opportunity & Activity in Sync Real-time Campaign Management 24
  • 25. Questions 25 David Delong, Chief Customer Evangelist The Customer Management Group (800)-477-0907 ddelong@cmg-pharma.com