Posted by: Audrey Erbes | May 24, 2015

Getting Pharma Ready for Price Transparency Plus Events and Jobs

I ran across a most interesting list of suggestions for pharmaceutical industry to provide more transparency in their drug pricing similar to what the hospital industry had to do. It is inevitable that drug companies will have to be more forth right about pricing in the future due to pressures from many stakeholders. In the article “Is Pharma Ready For The Mounting Price Transparency Storm? Ken Congdon, Chief Editor, Pharmaceutical Online provides some ideas. I quote:

  1. “Be proactive— Begin gaining a granular understanding of costs at every phase of the manufacturing process (e.g. R&D, supply chain, logistics) and start packaging this data in a manner that’s fit for public consumption.\
  2. Adjust your messaging (if necessary)— If (or more likely when) your organization is required to divulge drug costs and pricing rationale, be prepared to combat push back from both federal and state legislators, as well as the general public. Be able to defend your current pricing logic with carefully prepared evidence and messaging.
  3. Look for opportunities for granular savings— Like hospitals, pharmaceutical manufacturers should immediately begin looking for ways to cut costs and eliminate waste from every phase of the drug making process in an effort to offer more competitive prices to patients without sacrificing profitability. This effort should include application of lean methodologies, organizational restructuring, and potential process automation through effective application of IT solutions. “

Highlights of This Coming Week’s Bay Area Events

  • Bio2Device Group, Tuesday Morning, May 26, 2015, Topic: “The Revolution(s) in Healthcare: from the Point of View of a Software Engineer Turned Patient,“ Speakers: Vincent Keunen, Founder and CEO & Marketing, A7 Software and Maite Grisard, Chief Marketing Officer at A7-Software
  • Palo Alto AWIS, Tuesday Evening, May 26, 2015, Topic: “Policy Dialogues: Translating Science for Decision Makers: Do you want to leverage your academic background to effect change on a governmental level?” Speaker: Alia Schoen, Ph.D, Program Manager for the ChEM-H Institute at Stanford
  • JLABS, Wednesday Mid Day, May 27, 2015, Topic: “Out of the Lab and into the Newsroom;” Speakers: Michael Fitzhugh| Staff Writer, BioWorld Today; Stephanie Lee | Senior Technology Reporter, Buzzfeed; Ron Leuty | Biotech reporter, San Francisco Business Times; Riley McDermid | Senior Breaking News Editor, BioSpace; Susan Schaeffer | Editor, BioCentury; Carin Canale-Theakston | President and Founder, Canale Communications Inc.
  • BioScience Forum, Wednesday Evening, May 27, 2015;Topic: “First in Human Experience with a Novel Inhibitor of Fatty Acid Synthase for the Treatment of Solid Tumors;” Speaker: Merdad Parsey, M.D., Ph.D., Chief Executive Officer, 3-V Biosciences
  • PBSS Workshop, Thursday Afternoon, May 28, 2015, Topic: “Preclinical Development & IND/CTA Filing: DMPK, Safety, CMC, Clinical Plans & Regulatory Issues;” Speakers: Tracy Chen, Bert Ho, Kathleen Meyer, Peter Staehr
  • QB3, Thursday Afternoon, May 28, 2015; Topic: Clinical Research In Challenging Times; Speaker: Peter Blaisdell, Formerly Executive Director, Global Study Management, Amgen
  • Biopharma Consortium Breakfast Briefing Series, Friday Morning, May 29, 2015; Topic: “Looking Forward by Glancing Back: A Review of the Current Biopharma Deals Landscape with Emerging Trends in Licensing and M&A;” Speaker: Laura Vitez, Principal Business Analyst, Thomson Reuters

You can download Audreys Picks May 24, 2015 with complete details on the above and other meetings and conferences through Dec. 2015 by right clicking on the highlighted titles. JobsThatCrossedMyDeskThrough May 24, 2015 is also provided.





Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s


%d bloggers like this: