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SUMMARY: Today, more physicians and patients rely on the Internet to answer their questions about emerging treatments, including prescription drugs. If there is one industry that needs to think more about digital, it’s pharma. Digital agencies have a lot of experience, but they should not do what a client says.
The FDA requires that pharmaceutical ads present the benefits and risks of a prescription drug in a balanced fashion, meaning a large portion of creative is dedicated to important safety information (ISI) rather than brand message. All advertisers must ensure creative is compelling, but pharma advertisers must also consider compliance.
Media is like that now—deconstructed. MrBeast used modern media and hacking algorithms to become a superstar. He did what publishers like Buzzfeed or Vice tried to do—become a beloved brand in digitalmedia. Danny’s futuristic ponderance, “We’ll see if it [influence] can be a sustainable business.”
The medication referenced in this case study is a prescription medication used, along with diet and exercise, to lower blood sugar in adults with type 2 diabetes. Veradigm provided the client the unique ability to deliver highly targeted awareness messaging in a channel that HCPs use more often than other digitalmedia channels.
And advanced measurement approaches effectively connected third-party cookies to claims data to measure the impact of advertising on prescriptions. Access to third-party cookie data for media and measurement is slowly declining. Third-party cookies became the backbone of programmatic targeting and retargeting strategies.
According to Pew Internet, “two-thirds of all health seekers (64%) have looked for information about prescription drugs. The post The biggest waste of digitalmedia spending in pharma. In our August 2000 survey, only 10% of health seekers said they had purchased medicine or vitamins online. .
And advanced measurement approaches effectively connected third-party cookies to claims data to measure the impact of advertising on prescriptions. Access to third-party cookie data for media and measurement is slowly declining. Third-party cookies became the backbone of programmatic targeting and retargeting strategies.
So all of a sudden, you’ve got the capability of creating an Electronic Health Record System that connects directly to a supply chain system that has a PBM attached to it, and the capability of providing prescriptions in all 50 States and delivering in those States. And you’ve got a pretty robust distribution system.
That’s one of the bigger challenges in Pharma and in some conditions in a specialty areas like mental health and some others it’s such a big challenge brands could literally double or even triple their sales if they could crack that nut.
So all of a sudden, you’ve got the capability of creating an Electronic Health Record System that connects directly to a supply chain system that has a PBM attached to it, and the capability of providing prescriptions in all 50 States and delivering in those States. And you’ve got a pretty robust distribution system.
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