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The New Branding Model: From Blockbusters to Targeted Therapies
SUMMARY
Targeted therapies, based upon genotype, require a new brand model that addresses smaller segments of the population. This model, according to Francoise Simon, professor of marketing at the Columbia University Graduate School of Business, requires a fundamental reorganization of the biopharma value chain, from discovery to manufacturing and marketing. She was speaking at a recent World Congress on Pharmaceutical Marketing held in Philadelphia, PA.
Topic headings:
The pharmaceutical industry is in the midst of a "perfect storm." The traditional blockbuster approach is yielding diminishing returns while post-genomic research is driving towards personalized medicine. The result is an inflection point, where the emphasis on blockbusters and traditional mass-marketing is being challenged by the new paradigm of personalized medicine.
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PMN36-04
Issue: Vol. 3, No. 6: June 2004
Word Count: 1364
TOPICS: Branding | Physician Marketing | Strategy/Planning
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