Newtown, PA-based healthcare consulting firm Scott-Levin released its "Year in Review 1999," an analysis of pharmaceutical industry trends.
Newtown, PA-based healthcare consulting firm Scott-Levin released its "Year in Review 1999," an analysis of pharmaceutical industry trends.
The report showed that, as the 1990s drew to a close, the sales force growth trend that began in 1995 continued. According to Scott-Levin's "Pharmaceutical Sales Force Structures & Strategies," large and small drug companies added sales reps in 1999 to help promote new products. As companies cope with the current wave of merger activity, the report predicts that sales force growth will be limited to smaller, second-tier firms.
Pharmaceutical promotion continued at a record pace in 1999. According to Scott-Levin, the industry spent more than $6.2 billion in 1999 to detail products to physicians and nearly $1.6 billion on promotional meetings and events, gains of 8% and 29%, respectively, compared with 1998. Prescription drug direct-to-consumer advertising spending also climbed 32%, reaching $1.48 billion in 1999.
Scott-Levin also reported, in its Source Prescription audit, that U.S. physicians wrote an average of 2,060 prescriptions each in 1999, 9% more than in 1998.
Other results of the audit include:
•Â Primary care physicians wrote 53.5% of all prescriptions dispensed by U.S. retail pharmacies.
•Â Mount Olive, NJ-based Knoll Pharmaceutical Co.'s hyperthyroidism treatment Synthroid® was the most prescribed drug by primary care doctors.
•Â Synthroid was followed by the Pfizer Inc., New York, and Warner-Lambert Co., Morris Plains, NJ, co-promoted high cholesterol drug Lipitor,® Philadelphia-based Wyeth-Ayerst Labs' Premarin® tablets (for estrogen replacement), generic atenolol (for hypertension) and generic hydrocodine/APAP (for pain relief).
•Â OB/GYNs wrote 6% of all prescriptions; pediatricians, 5.4%; cardiologists, 3.8%; and psychiatrists, 3.8%.
•Â Prescriptions written by nurse practitioners and physician assistants grew 55% and 45%, respectively, over 1998. PR
Fake Weight Loss Drugs: Growing Threat to Consumer Health
October 25th 2024In this episode of the Pharmaceutical Executive podcast, UpScriptHealth's Peter Ax, Founder and CEO, and George Jones, Chief Operations Officer, discuss the issue of counterfeit weight loss drugs, the potential health risks associated with them, increasing access to legitimate weight loss medications and more.
The Transformative Role of Medical Information in Customer Engagement
October 3rd 2024Stacey Fung, Head of Global Medical Information at Gilead Lifesciences, delves into the evolving role of Medical Information (MI) in the pharmaceutical industry. Covering key topics like patient engagement through omnichannel strategies, combating misinformation, and leveraging AI to enhance medical inquiries, the conversation with Stacey highlights MI's critical role in ensuring patient safety and supporting drug development. She also shares her professional journey and tidbits for early career professionals on professional development.
To Tackle the Plastic Waste Crisis in Pharma, Here’s Where to Start
October 30th 2024By demonstrating big advancements in recycling, pharma companies will be much more likely to attract shareholders and other investors, giving themselves a leg up in the competition to lead the biopharmaceutical industry well into the future.