Business News

73% of Pharmaceutical Companies Begin Medical Publications Activities by Phase II, According to Cutting Edge Information

SOURCE:

Cutting Edge Information

2008-07-16 07:23:00

RESEARCH TRIANGLE PARK, NC–(EMWNews – July 16, 2008) – Planning ahead is crucial in any

business function, especially marketing-related functions. According to a

new study released by Cutting Edge Information

(http://www.PharmaPublicationStrategy.com), 73% of pharmaceutical companies

have brand publication plans in place by the end of Phase II development.

Those that wait until Phase III or even launch cause their brands to begin

their life on the market with a severe handicap.

Beginning medical publications planning early allows pharmaceutical

companies to adjust their publication strategies when trial results point

the drug in a new direction or the overall market shifts. Proactive

companies begin their planning while the brand is still in pre-Clinical

development. That way, by the time the public hears of the compound, the

company is already molding its marketing message. As it stands, there are

too few companies utilizing this strategy. Most companies wait until Phase

II when the brand is already known in the industry.

The least forward-looking companies wait until Phase III or even launch to

craft their publications, losing up to a decade of planning and marketing

time. By this point, the company has lost its opportunity to shape the

market’s thinking about the brand. According to Elio Evangelista, research

team leader at Cutting Edge Information, “Companies that wait until Phase

III or Launch to start their publications efforts inevitably set their

medical publications strategies up for failure. Companies that see the

risk in arriving at negative trial results are acting shortsightedly. The

sooner they publish positive results, the more success their brands will

see.”

A brand that already has literature disseminated has a much easier time

weathering negative results because the market already wants the brand to

succeed and is therefore more willing to give it a second chance.

“Pharmaceutical Medical Publications: Market Preparation & Strategic

Support” (http://www.PharmaPublicationStrategy.com), was designed to

explore pharmaceutical companies’ medical publications structures,

strategies and processes. Through this report, readers will be exposed to

some of the industry’s best medical publication practices and will be

better positioned to streamline their own strategies and processes by

benchmarking their efforts against those of top-leading companies.

Download a free summary of “Pharmaceutical Medical Publications: Market

Preparation & Strategic Support” at

http://www.cuttingedgeinfo.com/pharmapublicationstrategy/PH104_Download.asp.

CONTACT:
Elio Evangelista

(919) 433-0214

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