out of box: pharma marketing

15
DTC: A Growth Driver trend renewed Marketing's Role in Outstanding Performance Of The Organization Dr D K Mehta / Vasu / MIS 2013 / Selvas

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Innovation in Marketing: Towards excellence

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Page 1: Out of Box: Pharma Marketing

Dr D K Mehta / Vasu / MIS 2013 / Selvas

DTC: A Growth Driver trend renewed

Marketing's Role in Outstanding Performance

Of The Organization

Page 2: Out of Box: Pharma Marketing

Dr D K Mehta / Vasu / MIS 2013 / Selvas

The concept of DTC

• Direct-to-consumer advertising (DTC advertising) usually refers to the marketing of Pharmaceutical Products

• Forms of DTC advertising include TV, print, radio, mass and social media and un-conventional media such as seminars, workshops, counseling, camps, education etc

Page 3: Out of Box: Pharma Marketing

Dr D K Mehta / Vasu / MIS 2013 / Selvas

DTC is not OTC

• DTC– As an extension to Ethical

Promotion– Educational and Promotional

in nature– Sensitizing consumer(Patient)

about the problem and availability of solution

– Effective tool for the serious ailments too

– Works hand-in-hand with GP/CP promotion

– Social Media can be boon

• OTC– Deviation from the ethical

route – Selling in nature– Enticing consumer to buy

the product– Possible only for common

ailments such as cough, cold, constipation, pain, fever, sore-throat etc

– Works in isolation of Medical profession

Page 4: Out of Box: Pharma Marketing

Dr D K Mehta / Vasu / MIS 2013 / Selvas

Relevance of DTC to i-Generation

• Educated consumer (Patient)• Information seeking consumer• Price sensitive consumer• Connected and Networking

Page 5: Out of Box: Pharma Marketing

Dr D K Mehta / Vasu / MIS 2013 / Selvas

New media and the evolution of direct-to-consumer advertising

• Individuals are no longer limited to just the television or newspaper to obtain their entertainment, news, and information, but can access content via

– websites, – online video, – social networks, – mobile devices, and a variety of other ways.

• Consumers are especially shifting to new media sources for health and pharmaceutical information

– over 145 million U.S. adults looked up health information online in 2008 and over 327 million U.S. adults looked for health info in 2012

Page 6: Out of Box: Pharma Marketing

Dr D K Mehta / Vasu / MIS 2013 / Selvas

Possible Achievements of DTC

• Discussion and spread amongst peers

• Influence doctor prescription

• Encourage self medication• Direct Sale

Page 7: Out of Box: Pharma Marketing

Dr D K Mehta / Vasu / MIS 2013 / Selvas

Examples of DTC

Page 8: Out of Box: Pharma Marketing

Dr D K Mehta / Vasu / MIS 2013 / Selvas

The first direct-to-consumer print ad was for Merck & Co's Pneumovax, a pneumonia vaccine, which appeared

in Reader’s Digest in 1981

Page 9: Out of Box: Pharma Marketing

Dr D K Mehta / Vasu / MIS 2013 / Selvas

On May 13, 1983, Boots Pharmaceuticals (the US arm of a major British pharmaceutical company and pharmacy chain) launched the first TV ads for a prescription medicine in Florida for the prescription brand of Ibuprofen called Rufen

Page 10: Out of Box: Pharma Marketing

Dr D K Mehta / Vasu / MIS 2013 / Selvas

• The ads, featured CEO John D. Bryer, who delivered the message that Rufen was cheaper than Motrin. It was a price ad and made no efficacy claims and as such it did not include Package Insert information.

• The company also placed a full-page ad in the Wall Street Journal, and in the print ad, the full package insert, the prescribing information, was included

Page 11: Out of Box: Pharma Marketing

Dr D K Mehta / Vasu / MIS 2013 / Selvas

Claritin (Loratidine) was approved in 1993, and DTC advertising was launched in 1995 by Schering-Plough

Page 12: Out of Box: Pharma Marketing

Dr D K Mehta / Vasu / MIS 2013 / Selvas

In 2005: Sepracor launched Lunesta (Hypnotic) on April 4 through consumer advertising over the next eight months. Sanofi-Aventis spent $88 million defending Zolpidem’s category

leadership

Page 13: Out of Box: Pharma Marketing

Dr D K Mehta / Vasu / MIS 2013 / Selvas

DTC in India

• Sun Pharma started patient education at their home after 1995, once achieved significant market share, followed by stagnancy

• Novo Nordics', the Insulin company reach out to the patients of Juvenile diabetes and offer heavy but start-up discount

• Cardiac stent and artificial joints making company depute representatives at the hospitals to counsel patient’s relatives

Page 14: Out of Box: Pharma Marketing

Dr D K Mehta / Vasu / MIS 2013 / Selvas

Opportunity for Vasu

• It’s more legal for us then any allopathic company including direct selling

• BAG, Dazzle, Glucova, Shyamala and Cutis range of products can promoted in camps and seminars

• Product leaflets can be targeted to specific end-user

Page 15: Out of Box: Pharma Marketing

Dr D K Mehta / Vasu / MIS 2013 / Selvas