On Wednesday, September 19, 2007, (11:30 AM) I will present my views on the trials and tribulations of pharmaceutical company use of Web 2.0 tools for marketing. The presentation, which will be given at the
The Pharmaceutical Marketing Event, is entitled "YouPharma: A Brave New World for Pharma Marketing." Here's the synopsis:
Guidelines for the Web 2.0 Era
YouPharma: A Brave New World for Pharma Marketing
It's not news to anyone that spending on DTC advertising and physician promotion is increasing, yet the return on these investments (ROI) is declining. A new approach to the way forward in pharma marketing is actively being pursued by pharmaceutical marketers and their ad agencies. This approach embraces “social networking” and other so-called “Web 2.0” technology, which is exemplified most notably in the non-pharma arena by YouTube and MySpace.
This trend could usher in a Brave New World of pharmaceutical marketing. Indeed, it will require a brave new pharmaceutical marketer to enter these uncharted waters teeming with public opinion mine fields and regulatory shoals.
Lack of regulatory guidance specific to online marketing should not hold the industry back from dipping its toes in the water. Just as PhRMA has developed guidelines for TV and print DTC, the industry should develop a coherent road map to guide its way through the brave new “YouPharma” world. This presentation will offer some starting points towards that goal.
* Where are the Web 2.0 mine fields?
* Evaluating Risk vs. Impact of various tactics
* Rules of Engagement (e.g., "Open Healthcare Manifesto")
I've written about this topic on Pharma Marketing Blog (
click here) and in Pharma Marketing News (see "
YouPharma: New Rules for Pharma Marketing and Social Media"). Since then, the industry has moved forward and there are several case studies I can talk about.
I invite you to provide input on this topic, especially if you can lead me to sosme social networking sites run by or for pharmaceutical companies.