Thursday, March 26, 2009

Promoting new therapy or new category by Pharma Company

Mankind has been witnessing newer and newer drugs, therapies, drug deliveries to enhance the lives of humans. With the increasing competition from generic drug manufacturers, the multi-nationals are trying to develop new categories of drug therapy for existing diseases. In the recent past Multi-nationals have been funding their R & D depts. to invent new therapies.

Some of the new treatment innovations listed below:

  • Oral insulin by Pfizer and Novo Nordisk
  • 1ml painkiller inject able by Triokaa
  • Drug eluting balloon to prevent restenosis by Eurocor

These companies have been facing lot of problems to promote new therapies, coz, the doctors are hesitant to prescribe fearing its effects. Sometimes doctors also recommend the old therapy along with the new one, so they don't have to worry about its failure.

Traditionally the Pharma cos have been conducting CMEs amongst the doctors to promote the new therapies usage. Surveys help to understand the side effects better. But, as yet no great innovation has taken place to promote these newer therapies. The brochures have replaced presentations and videos, but still those have not been impressive enough?

Thinking about in from my view, I personally think that from the time this new therapy gets USFDA and DCI approval a communications strategy should be implemented. This would be focusing on the problems faced by patients because of the existing therapy, survey reports indicating patients and doctors doubtful of this therapy, launching associations to promote the need of new therapy, tie-ups with NGOs fighting to help promote this disease, etc.

A communications consultancy can advice and create a communications plan accordingly.

Create associations with NGOs help a lot in creating awareness about the disease.

The case of Apple iPhone is one of the best one in the industry. The iPhone was completely promoted without advertising, before the product was launched and everyone wanted to be a user of iPhone.

The question will still haunt product & brand managers as to how to promote new product or therapy in the market. The sector is waiting for an innovation.


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