Five work habits that initiate top pharma brand building

A product manager sits at the intersection of multiple functions while going about building and implementing the vision for his products success. Here are 5 things every aspiring pharma product manager should know when creating a big pharma brand: 1.      Write everything down Add as much detail as you can, and ensure to include all the customer research gathered to build a rock-solid case. As a product manager, this step alone really even makes you question your stated assumptions. Product design requirements, design notes, callouts, and meeting minutes – and everything, must be written down. 2.      Smaller bite size chunks As you plunge deeper into your project, you will realize that it’s easier for you to design and sketch your ideas when you break them down to the bare minimum. Cutting down empowers you to focus on better quality. 3.      Focus on the details Show you care for your target audience by focusing on every small and fine details. What key elements should you highlight? What colors must you choose? Keep an eye on the big picture, but focus more on the finer details. 4.      Don’t just tell, SHOW using mockups Design unimaginable interactive mockups and workflow to help your users and do ask for early feedback. Having mockups early in the game allows you to prune unwanted interaction and identify potential pitfalls. 5.      Observe, don’t ask Customers that use your product daily, will want you to appear successful because that makes them successful too. Get the customers involved in creating the product so that they feel as if they were designing the product. It is far better to observe how people interact with your product, instead of asking them what they liked or didn’t like. When you ask, what they like or didn’t like, you get different reflex responses which may be out of courtesy. This “hands-on” play with the product helps you identify real issues.

Factors that influence the market cap of pharmaceutical companies

The global Pharmaceutical industry is one of the most dynamic, turbulent and complex economic space in the modern times. A typical Pharmaceutical company invests millions in research & development, therefore sound knowledge of the global trends of the factors affecting the market capitalization are important in strategizing business advancement: 1) Research & Development: According to Pharmaceutical Manufacturers Association, the leading expenditure in this industry is on research & development. After the trials, the company gets one year’s patent protection before the competitors are allowed the rights to manufacture and market equivalent drugs at half the price. 2) The patient-first business model: This model is increasingly being preferred over the traditional approach of sales regulation through health practitioners. With digital media providing health awareness in a click, more emphasis is being given on individual patient collaboration and effective communication. Pharmaceutical data analytics are becoming more relevant to regulate commercial success. 3) Introduction of biosimilars: The rapid Introduction of biosimilars has made the market tenfold times competitive. Drugs for debilitating disorders are made available at much cheaper pricing than the pricing of the patent companies. 4) Precision medicines: Pharmaceutical companies are investing massively on precision medicines, as trial and error procedural costs are eliminated and target-based concise treatment strategy is ensured, tailor-made to the patient’s requirements. 5) The digitalization of the health care sector: Starting from electronic records to genome mapping, digitalization has phenomenally revolutionized the industry. Mobile health sensors and wearable devices, offers end to end monitoring of a patient’s progress. 6) Government Regulations & Marketing: Over the decade, the demand for heavily marketed lifestyle drugs has increased consumer acceptance. There is massive demand for drugs that are claimed to enhance preventive approach and improve the quality of life. Therefore, effective marketing and sales strategy to target lifestyle drugs are on the go. Incorporation and careful consideration of all these factors are imperative for the strategic pricing and market cap monitoring of the pharmaceutical industry.

Essentials of Medical Writing

Workshop The workshop featuring interactive sessions, presentations, case studies and interactive exercises has been organized by Emediwrite and attended by executives from top MNCs in the pharmaceutical sector. The eminent speaker of this workshop is the Lead Faculty in Pharmaceutical Sciences at Web Med Central, UK and also a scientific and business head of International Cooperation Association for Research and Development (ICARD). It was a full day successful event organized by us.