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Trends in Pharma
Marketing
         Dr. Augustine Fou
         http://www.linkedin.com/in/augustinefou
         October 23, 2012.
Pharma is “dead last”
                                               High technology
                                               Banking
                                               Insurange
                                               Travel/Hospitality
                                               Telecom
                                               Retail
                                               Consumer Goods
                                               Utilities
                                               Manufacturing
                                               Pharmaceuticals



                   Source: Cap Gemeni Consulting, Nov 2012
October 23, 2012                                                    2
Physicians are digital too
      99% physicians are online   Internet is essential to practice




                                            Source: Manhattan Research 2011



-3-                                                             Augustine Fou
Physician Trends




      Most physicians report going to Google                as their first
      destination online when looking for information – even if
       they are searching for articles (Google searches, PubMed)
       Sources: Manhattan Research ePharma Physician® v8 Forrester Research

-4-                                                                           Augustine Fou
Physician Trends

      WebMD


      Epocrates


           UpToDate
                                             Source: Manhattan Research 2011

  Despite the prior concentration on a few sites, physicians are
  increasingly seeking objective information online and from peers.

-5-                                                            Augustine Fou
Regulations? Lack of?
            Adverse Events Reporting Criteria
        •   An identifiable patient
        •   An identifiable person reporting the event
        •   A suspect drug or biological product
        •   An adverse experience or fatal outcome suspected to be due
            to the suspect drug or product
            (rule: must report within 72 hours)
      “Because it remains unclear whether and how to monitor and
      report AEs found in social media, some pharma companies are
      taking the conservative approach and not using these channels or
      even looking at them for customer insights.” – Dr. Augustine Fou

-6-                                                                      Augustine Fou
Other considerations
      • Patent cliff – an estimated $255 billion worth
        of branded drugs are coming off patent by
        2015; brand marketing dollars are already
        being slashed

      • Patients are increasingly getting deeply
        involved in their own health management
        and tend to do deep research online about
        diseases or drugs
-7-                                              Augustine Fou
Continued shift to digital
                    51% of advertisers
                    have between 0 – 30%
                    of their budget
                    allocated to digital

                    29% of advertisers
                    have 31 – 70% of their
                    budget in digital

                    21% of advertisers
                    have 71 – 100% of
                    their budgets allocated
                    to digital




October 23, 2012                              8
Shift within digital
                   To performance-oriented tactics




                        Source: IAB, PwC April 2011




October 23, 2012                                      9
Further reading
       Search Marketing and Social Media in
       Regulated Industries - http://bit.ly/zCBLaY

       How to Do Social Marketing in Heavily
       Regulated Industries - http://bit.ly/oRRqcK




October 23, 2012                                     10
Dr. Augustine Fou – Agency Czar
   “I advise many pharma clients on
   digital strategy and better
   integration across channels and
   tactics, using insights from digital
   to improve all marketing.”

   FORMER CHIEF DIGITAL OFFICER, HCG (OMNICOM)
   MCKINSEY CONSULTANT
   CLIENT SIDE / AGENCY SIDE EXPERIENCE
   PROFESSOR AND COLUMNIST
   ENTREPRENEUR / SMALL BUSINESS OWNER
   PHD MATERIALS SCIENCE (MIT '95) AT AGE 23

     ClickZ Articles: http://www.clickz.com/author/1151/augustine-fou
     Slideshares: http://www.slideshare.net/augustinefou
     LinkedIn: http://www.linkedin.com/in/augustinefou

October 23, 2012                                                                           11
                                                                        acfou@mktsci.com

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Trends in Pharma Marketing by Dr Augustine Fou

  • 1. Trends in Pharma Marketing Dr. Augustine Fou http://www.linkedin.com/in/augustinefou October 23, 2012.
  • 2. Pharma is “dead last” High technology Banking Insurange Travel/Hospitality Telecom Retail Consumer Goods Utilities Manufacturing Pharmaceuticals Source: Cap Gemeni Consulting, Nov 2012 October 23, 2012 2
  • 3. Physicians are digital too 99% physicians are online Internet is essential to practice Source: Manhattan Research 2011 -3- Augustine Fou
  • 4. Physician Trends Most physicians report going to Google as their first destination online when looking for information – even if they are searching for articles (Google searches, PubMed) Sources: Manhattan Research ePharma Physician® v8 Forrester Research -4- Augustine Fou
  • 5. Physician Trends WebMD Epocrates UpToDate Source: Manhattan Research 2011 Despite the prior concentration on a few sites, physicians are increasingly seeking objective information online and from peers. -5- Augustine Fou
  • 6. Regulations? Lack of? Adverse Events Reporting Criteria • An identifiable patient • An identifiable person reporting the event • A suspect drug or biological product • An adverse experience or fatal outcome suspected to be due to the suspect drug or product (rule: must report within 72 hours) “Because it remains unclear whether and how to monitor and report AEs found in social media, some pharma companies are taking the conservative approach and not using these channels or even looking at them for customer insights.” – Dr. Augustine Fou -6- Augustine Fou
  • 7. Other considerations • Patent cliff – an estimated $255 billion worth of branded drugs are coming off patent by 2015; brand marketing dollars are already being slashed • Patients are increasingly getting deeply involved in their own health management and tend to do deep research online about diseases or drugs -7- Augustine Fou
  • 8. Continued shift to digital 51% of advertisers have between 0 – 30% of their budget allocated to digital 29% of advertisers have 31 – 70% of their budget in digital 21% of advertisers have 71 – 100% of their budgets allocated to digital October 23, 2012 8
  • 9. Shift within digital To performance-oriented tactics Source: IAB, PwC April 2011 October 23, 2012 9
  • 10. Further reading Search Marketing and Social Media in Regulated Industries - http://bit.ly/zCBLaY How to Do Social Marketing in Heavily Regulated Industries - http://bit.ly/oRRqcK October 23, 2012 10
  • 11. Dr. Augustine Fou – Agency Czar “I advise many pharma clients on digital strategy and better integration across channels and tactics, using insights from digital to improve all marketing.” FORMER CHIEF DIGITAL OFFICER, HCG (OMNICOM) MCKINSEY CONSULTANT CLIENT SIDE / AGENCY SIDE EXPERIENCE PROFESSOR AND COLUMNIST ENTREPRENEUR / SMALL BUSINESS OWNER PHD MATERIALS SCIENCE (MIT '95) AT AGE 23 ClickZ Articles: http://www.clickz.com/author/1151/augustine-fou Slideshares: http://www.slideshare.net/augustinefou LinkedIn: http://www.linkedin.com/in/augustinefou October 23, 2012 11 acfou@mktsci.com

Editor's Notes

  1. From the U.S. perspective, the stats are compelling…
  2. From the U.S. perspective, the stats are compelling…
  3. From the U.S. perspective, the stats are compelling…