Product/Drug launches are complex but key to the success of any pharma company. The rules of the game are changing, expectations from pharma are at an all time high.
If stats are to be believed, ~60% product launches didn’t meet analysts’ expectations between 2019-2021. Woah, that’s huge!!
While challenges may continue to exist, the answer/solution is one: ‘being digitally forward’.
Let’s learn what that means:
Traditionally, "digital" has been equated with non-personal channels, suggesting efficiency, cost-effectiveness, and a lean approach. However, being digitally forward at launch goes beyond mere channel selection. It's about leveraging digital solutions to drive sophistication and scale, maximizing the impact of every launch.
👨💻👩💻Digital Solutions: Catalysts for Success
Digital tools offer unparalleled opportunities to shape the market, differentiate products, orchestrate customer experiences, secure preferred access, provide support excellence, and sense, learn, and pivot in real-time. By integrating these solutions into every stage of the launch process, companies can elevate their strategies, engage customers more effectively, and drive sustainable growth.
🏅🏅Real-World Impact
We've seen the transformative power of digitally forward launches in action. From streamlining patient care in rare disease markets to customizing messages and deploying targeted digital channels in competitive landscapes, companies are unlocking new levels of success by embracing digital innovation.
🔮🚴🏽♂️Embrace the Future
In an ever-evolving industry, staying ahead means embracing change and harnessing the power of digital transformation. By adopting a digitally forward approach to launches, companies can position themselves for success in a rapidly shifting landscape, driving innovation, and delivering value to patients and stakeholders alike.
By reimagining what it means to be digitally forward and embracing the full potential of digital solutions, companies can unlock new opportunities, drive growth, and ultimately, make a meaningful impact on patient care.
#launchplanning #drugs #digitallyforward #embracethechange
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Inspiring #digital innovation that adds value to the human experience
4moGreat post Dr Phil McElnay - thank you for sharing this. Experience has shown that involving stakeholders (especially those who'll be users of the technology) from the onset drastically increases success rates. Happy to share our process if useful - honed over 20 years.