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» Products & Services » » Medical Affairs » Launch Optimization

Interweaving Medical Strategy to Maximize New Treatment Success: Linking Launch Strategies with Medical Operations Excellence and Competitive Resourcing Decisions

ID: POP-405


Features:

16 Info Graphics

19 Data Graphics

270+ Metrics

16 Narratives


Pages: 43


Published: 2024


Delivery Format: Shipped


 

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919-403-0251

  • STUDY OVERVIEW
  • BENCHMARK CLASS
  • STUDY SNAPSHOT
  • KEY FINDINGS
  • VIEW TOC AND LIST OF EXHIBITS
To ensure new biopharma treatments reach their full market potential, Medical Affairs teams must craft and execute launch strategies that seamlessly integrate operational excellence, data-driven insights, and optimized resource allocation. Medical Affairs teams are pivotal in shaping strategic scientific narratives, fostering scientific engagement, and driving measurable value from prior to launch and throughout the product lifecycle.

Best Practices, LLC conducted this benchmarking research to empower Medical Affairs teams with actionable insights for launch resourcing and strategy execution. This report explores optimal staffing and budget levels, field medical team contributions, and the integration of analytics and AI to achieve medical strategy objectives. The report also delves into operationalizing strategy, addressing key challenges, and leveraging data-driven insights for strategic decision-making.

Industries Profiled:
Biotech; Pharmaceutical; Biopharmaceutical; Health Care; Clinical Research; Laboratories


Companies Profiled:
Chimerix; Corcept Therapeutics; Dermavant Sciences; Eisai; EMD Serono; Ferrer; Grifols; GlaxoSmithKline ; Galderma; Jazz Pharmaceuticals; KalVista Pharmaceuticals; Merz Aesthetics; OTSUKA; Sanofi; Santen; Takeda Pharmaceuticals; Vertex Pharmaceuticals; Zambon

Study Snapshot

Best Practices, LLC engaged 18 Medical Affairs leaders from leading biopharma organizations in this benchmarking research and conducted in-depth interviews with select benchmark partners to uncover key insights and strategies for developing and executing an effective medical launch strategy.

Key topics covered in this report include:

  • Top Launch Challenges
  • Medical Affairs Launch Resource Levels
  • Developing and Operationalizing Effective Medical Strategies for Launch Success
  • Leveraging Data, Analytics, and Digital Tools
  • Enhancing Launch Support through Field Medical Teams
  • Streamlining Strategy with AI and Automation

Key Findings

Select key insights uncovered from this report are noted below. Detailed findings are available in the full report.

  • Top Launch Challenges: Insufficient resources (86%) are a major challenge in executing medical launch strategies, with many also facing struggles with missed deadlines (71%) and tailoring execution to specific market-entry needs (56%).

  • Key Data Sources: Medical strategy is primarily built on three key sources of data and insights: 1) Clinical data, 2) Advisory boards, and 3) KOL feedback. Additionally, medical congresses, RWE, and competitive intelligence are vital sources for strategy development in many Medical Affairs groups.
Table of Contents

Sr. No.
Topic
Slide No.
I. Executive SummaryPg. 4
II. Medical Affairs Launch Resourcing BenchmarksPg. 12
III. Developing an Effective Medical Strategy for LaunchPg. 22
IV. Operationalizing StrategyPg. 32
V. Participant DemographicsPg. 40
VI. About Best Practices, LLCPg. 43

    List of Charts & Exhibits

    I. Executive Summary

    • Benchmark study partners
    • Key study findings
    • Medical launch excellence: Framework for operationalizing medical strategy
    • Launch improvement opportunities

    II. Medical Affairs Launch Resourcing Benchmarks

    • Top current launch challenges for Medical Affairs
    • Average Medical Affairs launch budget
    • Medical Affairs launch budget breakdown for novel therapies and therapies in crowded markets
    • Total Medical Affairs staffing levels and revenue supported per FTE – U.S. vs. Global comparison
    • Average staffing per Medical Affairs sub-function
    • Medical FTEs allocated to each sub-function specifically to support launch
    • Medical Affairs PYSF per launch FTE – U.S. vs. Global breakdown
    • Average launch staffing levels per Medical Affairs sub-function
    • Contribution of each Medical Affairs sub-function to the launch budget

    III. Developing an Effective Medical Strategy for Launch

    • Involvement level of Medical Affairs sub-functions in shaping and delivering the organization’s medical strategy
    • Role of different Medical functions in driving strategy, operations, and engagement for market entry
    • Key data sources for shaping medical strategy development
    • Timeline for medical strategy development
    • Leveraging insights for strategy development
    • Leveraging insights to evolve and validate medical strategy
    • Case example: Navigating cognitive overload and crafting a market-entry strategy aligned with HCP needs
    • Sharing science vs. using science to identify treatment differentiators
    • Translating launch objectives into medical strategy actions

    IV. Operationalizing Strategy

    • Frequency of interaction with Medical Directors and other strategy leads
    • Driving effective medical launch strategy implementation through Medical Operations support
    • Integrating analytics into Medical Operations for launch support
    • Digital tools for tracking launch goals, KPIs, and insights in Medical Organizations
    • Using AI and automation to improve and operationalize medical launch strategy development
    • Setting launch-specific goals for MSLs to drive impact beyond general field team targets

    V. Participant Demographics

    • Geographical scope of responsibility for benchmark partners
    • Therapeutic areas represented by benchmark partners