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Just Other Articles - Communications Analysis: Real-Time
You've just reviewed the final results of your last pro-active media campaign to launch that
new product or service. The numbers look pretty good: media impressions were in the millions;
coverage was evenly split betwee According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product n broadcast and print; and a leading national paper ran three
stories on the launch-pretty impressive. But could it have been better? Analyze this Analyzing issues or campaigns is the first big step in truly u ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug. Examples of combination products may in derstanding any communications
success or failure. With busy schedules and/or tight client budgets, more often than not, media
analysis isn't always carried out. A big investment is being made on gathering the media conte lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together. t,
but not on measuring and analyzing the trends, successes, and areas for improvement. Stories
are often filed away immediately or distributed to a limited group, never to be looked at again
or analyzed at all. If y here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe u're already conducting ongoing media analysis half the battle is won. But if not, you can
bet your client or director will demand it soon. New analysis technologies combined with increased
expectations to determine comm d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations. Combination pro unications ROI (Return on Investment) are making analysis a must,
not a should. Once you've determined the need or importance of analysis, what's next? This is where the confusion can set in. As can be expected, everyone ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc has their own definition of how media content should be
analyzed based on their own experiences. And usually the issue of PR standards and formulas arise…and
that is when things often can come to a stand-still. But befo easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi e you get into how you are going to analyze, you must first determine what you're interested
in analyzing. Here are a few considerations:
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically lity and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ mine campaign ROI ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi enetration There are endless ways of analyzing and cross-referencing the information. But you should note that you can accomplish a ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it. Following aspects would a l of the above considerations without getting
into confusing PR multipliers or complex formulas. The key is to determine what you're interested
in evaluating and create benchmarks for future comparisons. And if you still dd to the challenges in developing combination products: Which markets to tap where the combination products can do fairly well? Which combination prod want to add in
PR multipliers you can, as long as you consistently keep to the same formula. So whether you're
multiplying by a factor of 3, 5, or 10, the coverage is always being evaluated in a consistent fashion
and cts are meaningful and rational? Which therapeutic categories to select? Which Combinations can address unmet needs of the patients? Do combin can therefore be viewed as an unbiased and accurate portrayal. Go Electronic, Go Real-Time Reviewing the success of a new product launch, the impact of a crisis on your organization, or a monthly comparison af tions increase the patient compliance? What would be the developing cost? How to tackle the risks encountered during combination product developmen er-the-fact can provide valuable insight for future planning. But imagine the
change you could make if you have real-time data available to you at your fingertips in an instant.
Using real-time data you could monitor: < t? As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel l> ping new procedures for reviewing their safety, efficacy and quality. Professional from academic institutions, pharmaceutical industries, health care indust ing the most attention y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products ompetitors' tactics or success
The benefits of real-time analysis are endless and important. Knowing that you can have a timely affect on the final outcome of a new product launch is empowering and helps speak . As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de to the real power
of PR. A combination of real-time analysis and benchmarking will provide you with the tools to improve the results of a campaign mid-stream and properly analyze its success using a predetermined set of elopment. They need to be wiser in analyzing the market trends and the regulatory requirements. Companies that provide selfless information through particip objectives and consistent criteria. So make 2005 the year you start benchmarking your analysis-an
opportunity to learn more about the impact your communications strategies are having will pay dividends
for years to come tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products
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