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[M269]Marketing In Pharmaceutical Industry
by Admin, Adm

It would be easy if all drugs fit into categories named after the seven dwarves (Sleepy, Sneezy, Dopey, Happy?etc). Unfortunately, the naming of new drugs is well short of a fairytale process. Drugs, regardless of prescription or over-the-counter status, lack a coherent brand-naming standard. The seemingly random production of brand name drugs not only prevents consumer (and physician) efficacy but also obstructs many helpful drugs from the view of the target market.

For example, have you ever heard of Callisto, Ridomil, Actara, or Quadris? Perhaps you have taken one of those for a headache or for chronic back pain. We hope not because those are actually brand names of crop protection chemicals. What is the difference between a name like Callisto or Actara as opposed to Cialis or Allegra? They are created by marketing firm ABC for product XYZ. There is no differentiation. There is no brand. In the pharmaceutical industry, there are just names.

In fact, all drugs are guaranteed three names: chemical, generic, and brand. The chemical name is the technical name that is rarely used in practice and only understood by lab rats and physicians. Generic names, which usually involve a chemical stem for identification, must go through several approval steps in order to be established. Generic names are ideally short, easily pronounced names because these are the names with which healthcare providers and medical students must be familiar and comfortable. Perhaps generic drug naming has more to offer than we think.

What follows the generic name is the actual brand name. The brand name is where the marketing element of pharmaceutical naming comes into play. Pharmaceutical experts explain, ?Creating a generic name is a science creating a brand name is more of an art.? Pharmaceutical brand names are created and trademarked just like names for any other product or company. Naming a drug seems to be equivalent to naming a car or a type of running shoe. The brand name is purely a marketing decision and may very well have nothing at all to do with chemistry. However, drug brand names must pass many rigorous tests before being finalized. Drug brand names require USAN Council and FDA approval in addition to the typical legal checks for trademark infringements.

In addition to the several stages of approval, drug names cannot make ?over promises? to the consumer. For example, Regain was the original name for Rogaine, but was overturned because the result of regaining hair was considered an over promise to the balding consumer. What also differentiates the resultant marketing of a drug is the fact that the FDA and USAN continue to monitor the marketing materials of the drug in order to maintain the integrity of the medical information. This exclusive naming process within the pharmaceutical industry makes the concept of brand even more distanced and untouchable for drugs, which places an immediate strain on the consumer market.

In order to neutralize the relationship between consumers and drugs, pharmaceutical companies? advertising campaigns have attempted to familiarize consumers with drugs with the same messaging Budweiser and Target utilize. Names like Viagra, Rogaine, Valtrex, and Claritin mean something to the consumer because of the commercials they recognize from TV and the famous spokesmen who promote the drugs. The drug names do not factor in at all. It helps for the names to sound like something else or to be short and easy to pronounce. Otherwise, drug names may as well be as random as the items in your refrigerator.

Where does naming fit into brand? Naming involves a lot of thought, creativity, and artistry however, strategy should always be in the foreground when naming a new brand or renaming an old brand. Naming is not identity, brand is. Who the customer believes he is when he uses a brand is the most important instrument upon which brand naming must play. Naming and brand must work together in order to maximize efficacy. A name can only do so much to influence the customer however, in order for a brand to influence at the point of purchase, the name must also be in sync with the brand identity. An association and self-recognition must occur within the mind of the customer. Many companies confuse names with brands because they are not aware of what brand really means or what kind of process branding truly involves in order to succeed.

Similar to any consumer product or service, the pharmaceutical industry needs to do its homework on the target audience in order to properly name and brand drugs. This involves careful research and observations of consumer trends within the market. Most of these drug names are merely made up names that are created before the drug is even produced, untested and given little thought by marketers (other than FDA approval and trademark infringement). There has to be something more to these names, and whether that indicates the lack of influence of parent drug companies such as Merck, Pfizer?etc, or a lack of effort on the part of marketing firms, something must be done to differentiate arthritis medication from plant fertilizer.

Molly Sunderdick
Brand Strategist
Stealing Share Inc


The pharmaceutical industry has experienced major growth recently – thanks to mobile technology. As the world population continues to age, there is further demand for drugs and treatments that provide a healthier future for Baby Boomers and seniors. However, these industries continue to struggle with challenges. Pharmaceutical consultants work with companies to tackle these growing concerns.

Mobile devices are an effective solution that consultants suggest pharmaceutical companies use to overcome the following issues and obstacles:

• Marketing/sales challenges – In 2000, pharmaceutical companies spent $15 billion in product marketing. It remains a continuous battle and companies fight for physicians' attention. They also contend with shrinking windows of exclusivity and competition remains aggressive.

• Regulatory issues– Companies struggle with government regulations while trying to increase profits. Compliance remains a challenge for these companies. Strict guidelines for patient confidentiality, record keeping and lab operations pose a burden for many pharmaceutical companies. Even with the recent addition of 21 CFT Part 11 (which allows electronic data capture), companies still face compliance and regulatory challenges. Even if companies unintentionally face non-compliance, delays and profit loss result.

• Fiscal obstacles – Pharmaceutical companies spent $54 on research alone in 2000. There is a big financial race to discover critical drugs and get them on the market much faster. Development costs for drugs are $900 million per new drug. Not to mention the time it takes to approve a drug (from synthesis to approval) – 15 years.

Mobile technology is at the forefront when it comes to major advancements for pharmaceutical companies. Compared to other high-tech saturating the world right now, mobile solutions offer positive benefits for these companies.

Mobile applications also solve many issues within the pharmaceutical industry: streamlines clinical research and trials, improves patient monitoring and empowers sales teams.

Mobile devices help struggling pharmaceutical companies in the following ways:

• Pharmaceutical companies send information directly to physicians via mobile devices such as i-Phones, Blackberries, etc.

• Internal business operations also flow smoothly with the aid of mobile applications.

• Sales reps quickly access marketing details/information on their handheld devices. This makes their detail visits far more effective and saves them time during their busy day.

• R&D process is more cost-effective and runs efficiently. Mobile solutions allow data to be collected faster during clinical phases. As a result, protocol violations are reduced. Critical, life-saving drugs are quickly launched on the market and the overall R&D process is streamlined.

• Personnel and researchers easily access protocols, guidelines and training materials which helps avoid violations in the future. Overall, mobile devices save time and unnecessary costs for biotech researchers and company personnel.

As mobile technology evolves, pharmaceutical industries continue to improve and evolve as well. As mobile companies introduce tech-savvy software for handheld devices, the jobs of sales reps and researchers will be made easier.

Mobile technology opens up huge opportunities and advancements for companies and physicians including: e-prescriptions, e-diaries and e-practice. Pharmaceutical companies save thousands of dollars each year and achieve their ultimate goal – to discover critical, life-saving drugs and puts these drugs quickly on the market.

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About Author
Both Admin & Nigel Smart are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Admin has sinced written about articles on various topics from Infidelity, Tax and Class Action. Molly Sunderdick. Admin's top article generates over 368000 views. to your Favourites.

Nigel Smart has sinced written about articles on various topics from High Cholesterol, SEO Search Engine Optimization and Team Building. Nigel Smart is a with extensive experience in the biotechnology and pharmaceutical industry. With Denise Smart, he manages Smart Consulti. Nigel Smart's top article generates over 22200 views. to your Favourites.
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