With some of his most profitable medicines going off patent, and the uncertainty of replacement drugs continuing to rise, US healthcare reform has been the least of Andrew Witty’s recent worries.
When the chief executive of GlaxoSmithKline presented his company’s most recent financial results last month, he gave a sense of how the UK’s biggest drugmaker – and the industry more generally – is responding to structural pressures: diversify to survive.
For his company, he says, this means a shift away from “white pills in western markets”, with the proportion of traditionally core patent-protected, chemically based drugs, which are sold mainly in North America and western Europe, falling to just more than a quarter of total sales.
For many years, large companies such as GSK have relied on a handful of typically high-priced, mass-market “blockbusters” that generate billions of dollars a year in sales. But as patents expire on drugs such as Lipitor, Pfizer’s anti-cholesterol medicine that is the biggest selling medication in history, big pharma is having to rethink its business model.
Most large pharmaceutical companies have adopted four principal strategies to diversify. First, expand the range of products in the research and development pipeline and the use of external as well as in-house scientists to discover them. Second, expand geographically, especially into emerging markets. Third, increase sales of products other than patented prescription medicines. Fourth, experiment with greater flexibility in pricing in different countries and with ways to ensure drugs provide value for money.
Read the rest of the article -- FinancialTimes.com
Visit us at www.advancedclinical.com
Friday, May 21, 2010
Saturday, May 15, 2010
Risk Management from Advanced Clinical
Risk is a huge problem in clinical trials, and Advanced Clinical is swift and professional about identifying, assessing, prioritizing, mitigating and tracking risks to proactively avoid those risks – before they become issues that cause the trial to delay the trial. Some risks, unmitigated, can cause 2 years of delay!
Advanced Clinical:
o Assesses risks
o Prioritizes risks
o Reduces uncertainty
o Mitigates risks
o Manages/monitors risks
o Optimizes procedures to reverse risks
Advanced Clinical recognizes the four types of risk: operational, strategic, financial, and market, so no area is overlooked. Advanced Clinical also assesses the scale of the impact, and the likelihood of occurrence of the risk over the trial period.
We want success and advancement for your discovery's trial as much as you do, and managing and mitigating risks is one of our keys to success.
Our teams learn our risk management techniques. If you want to learn about them as well, check out our design your dream job contest: you may win a $200 gift certificate and also get your dream job!
See www.advancedclinical.com
Advanced Clinical:
o Assesses risks
o Prioritizes risks
o Reduces uncertainty
o Mitigates risks
o Manages/monitors risks
o Optimizes procedures to reverse risks
Advanced Clinical recognizes the four types of risk: operational, strategic, financial, and market, so no area is overlooked. Advanced Clinical also assesses the scale of the impact, and the likelihood of occurrence of the risk over the trial period.
We want success and advancement for your discovery's trial as much as you do, and managing and mitigating risks is one of our keys to success.
Our teams learn our risk management techniques. If you want to learn about them as well, check out our design your dream job contest: you may win a $200 gift certificate and also get your dream job!
See www.advancedclinical.com
Wednesday, May 12, 2010
Ramping and Onboarding with Advanced Clinical
Advanced Clinical's approach to onboarding, training, and adapting team to the client environment is a crucial key to trial acceleration. One week leading up to a trial, Advanced Clinical identifies potential team players, assessing their fit culturally and their competencies. The week of the trial, you interview the team members to gauge comfort level, then the employees engage in Advanced Clinical on-boarding / training, as well as your specific training. Many times, we try to prepare candidates for your trial in advance; therefore, we pre-screen candidates with you, and get them onboarded and trained, so that when you need them, they’re ready for you!
Also included in the rampup process are team “integration” sessions to clarify the plan/schedule, deliverables, roles, project handoffs as well as communication. AC also has team building activities to ensure that the teams will work harmoniously together and the team builds strong chemistry to ensure close collaboration.
Advanced Clinical wants to make sure all steps are taken to provide a “dream team” ready to work efficiently and effectively.
Advanced Clinical strives to make the best environment for our employees. We hope you like our ramping program. Enter our “Design Your Dream Job” contest and you could win a $200 gift card to the store of your choice, an iPod shuffle, and even your dream job!
See www.advancedclinical.com
Also included in the rampup process are team “integration” sessions to clarify the plan/schedule, deliverables, roles, project handoffs as well as communication. AC also has team building activities to ensure that the teams will work harmoniously together and the team builds strong chemistry to ensure close collaboration.
Advanced Clinical wants to make sure all steps are taken to provide a “dream team” ready to work efficiently and effectively.
Advanced Clinical strives to make the best environment for our employees. We hope you like our ramping program. Enter our “Design Your Dream Job” contest and you could win a $200 gift card to the store of your choice, an iPod shuffle, and even your dream job!
See www.advancedclinical.com
Tuesday, May 4, 2010
Women's Cancer Awareness Week
With Mother's Day around the corner on May 9, it also marks the week for women's health and cancer awareness.
In spite of social leaps and bounds women have made in recent decades, there are still distinct differences between the bodies of men and women. There are many cancers that affect only women, or mostly women: breast cancer, fallopian tube cancer, ovarian cancer, uterine cancer, vaginal cancer, and vulvar cancer. Birth control pills can put women at risk of breast tenderness, gall bladder disease, bloating, nausea, acne, and headaches. Women are more susceptible to mood disorders like depression and anxiety.
Women go through menopause. Here is a great article from Google about how to ease symptoms of menopause and what to expect.
It's not all that bad being a lady, though. Women typically have a larger deep limbic system than men, which allows them to be more in touch with feelings and better able to express those feelings, which promotes bonding and friendship with others. Women are also blessed with the gifts of childbirth and breastfeeding, which form immediate and permanent bonds with her child.
Medicine is making new strides everyday to advance discoveries to ease symptoms, cure disease, and better the human situation. Clinicians are a part of this discovery process, so it's important that your needs as an employee are met, too. Enter our “Design Your Dream Job” contest and you could win a $200 gift card to the store of your choice, an iPod shuffle, and even your dream job!
See www.advancedclinical.com
In spite of social leaps and bounds women have made in recent decades, there are still distinct differences between the bodies of men and women. There are many cancers that affect only women, or mostly women: breast cancer, fallopian tube cancer, ovarian cancer, uterine cancer, vaginal cancer, and vulvar cancer. Birth control pills can put women at risk of breast tenderness, gall bladder disease, bloating, nausea, acne, and headaches. Women are more susceptible to mood disorders like depression and anxiety.
Women go through menopause. Here is a great article from Google about how to ease symptoms of menopause and what to expect.
It's not all that bad being a lady, though. Women typically have a larger deep limbic system than men, which allows them to be more in touch with feelings and better able to express those feelings, which promotes bonding and friendship with others. Women are also blessed with the gifts of childbirth and breastfeeding, which form immediate and permanent bonds with her child.
Medicine is making new strides everyday to advance discoveries to ease symptoms, cure disease, and better the human situation. Clinicians are a part of this discovery process, so it's important that your needs as an employee are met, too. Enter our “Design Your Dream Job” contest and you could win a $200 gift card to the store of your choice, an iPod shuffle, and even your dream job!
See www.advancedclinical.com
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