Letter from the Editor

Contributed by:

Taren Grom, Editor

NOTE: The content below contains the first few paragraphs of the printed article and the titles of the sidebars and boxes, if applicable.

2015 and beyond…

This is the time of year when we all take a moment to reflect on the events of the past year and what lies ahead. In 2014, the industry went through a burst of deals between several major players — Novartis, Eli Lilly and Company, and GlaxoSmithKline — as they look to refocus on key areas of R&D. M&A activity didn’t end with the super big companies either; there were also deals that involved other significant players, such as Actavis’ bid for Forest, Mallinckrodt and Questcor Pharmaceuticals, Medtronic’s purchase of Covidien, Nestle and Galderma, to name just a few. As the industry commits to a focus centered on patients, other shifts are sure to happen across the paradigm.

KPMG analysts believe that over the next 10 years the pharmaceutical industry could deliver growth in line with real GDP — 3% to 5% — which is respectable and merits a higher market value than that of today. They see a real opportunity for the industry to redefine itself in the minds of stakeholders, consumers, and governments. This will require a shift in how the industry operates, particularly regarding how it spends its shareholders’ funds and how it communicates the value of its product and delivers its services. KPMG, and others, state the industry has to demonstrate that it can deliver better returns on investment than in the past by changing many aspects of how it operates.

From PwC’s perspective, the pharmaceutical industry has had a long, successful strategy of placing big bets on a few molecules, promoting them heavily, and turning them into blockbusters, which worked well for many years, but its R&D productivity has now plummeted and the environment is changing. PwC analysts have identified several major trends expected to reshape the marketplace: instances of chronic disease are increasing, placing even greater pressure on already stretched healthcare budgets; healthcare policymakers and payers are increasingly mandating what doctors can prescribe; a growing number of payers are measuring the pharmacoeconomic performance of different medicines, which means a widespread use of electronic medical records will give them the data they need to insist on outcomes-based pricing; boundaries between different forms of healthcare are blurring, as clinical advances render previously fatal diseases chronic and the self-medication sector expands; demand for medicines is growing more rapidly in the emerging economies than the industrialized economies; governments are beginning to focus on prevention rather than treatment; and regulators are becoming more cautious about approving truly innovative medicines.

In keeping with our tradition of looking forward and evaluating the market factors that will play a part in shaping the industry landscape in the near and far term, we are showcasing 10 meta trends that are on most analysts’ “what to watch for” lists.

More than 150 industry experts have contributed their insights and knowledge to this special Year in Preview issue. Please send us your thoughts on what’s ahead and we will be happy to share your predictions in our January issue. Please email me at tgrom@pharmavoice.com, subject line: 2015 Predictions. I look forward to hearing from you.

Their Word…

Denise Myshko
Managing Editor

Technology will be at the heart of innovation now and in the years to come.

Robin Robinson
Senior Editor

Advanced technology, healthcare reform, and savvy health consumers are creating the perfect storm that will ignite pharma to transform business models and strategies starting in 2015.

Kim Ribbink
Features Editor

Global markets are becoming more of a priority for pharma and in the year ahead, more companies are likely to ­expand their operations.

Coming in January 2015
> The Cancer Market:
Detangling Oncology
> Where Have all the Reps Gone?
> Consumer-Driven Research
> Track and Trace:
Securing the Supply Chain
> C-Suite: Clinical Service Companies
> An Integrated Business Model
> Market Focus: Korea
> Showcase: Social Media

The forum for the industry executive
Volume 14 • Number 10

Publisher    Lisa Banket
Editor    Taren Grom
Creative Director    Marah Walsh

Managing EDitor
Denise Myshko

Senior EDitor
Robin Robinson

features EDitor
Kim Ribbink

design associate
Ariel Medel

Director of Sales
Cathy Tracy

national account manager
Suzanne Besse

WEBCAST?NETWORK?PRODUCER
Daniel Limbach

CIRCULATION Assistant
Kathy Deiuliis

Copyright 2014
by PharmaLinx LLC, Titusville, NJ
Printed in the U.S.A.
Volume Fourteen, Number Ten

PharmaVoice (ISSN: 1932961X) is published monthly except joint issues in July/Aug. and Nov./Dec., by ­Pharma­­Linx LLC, P.O.?Box 327, Titusville, NJ 08560. ­Periodicals postage paid at Titusville, NJ 08560 and additional mailing offices.

Postmaster: Send address changes to PharmaVoice, P.O. Box 292345, Kettering, OH 45429-0345.

PharmaVoice Coverage and Distribution:
Domestic subscriptions are available at $190 for one year (10 issues). Foreign subscriptions: 10 issues US$360. Contact PharmaVoice at P.O.?Box 327, Titusville, NJ 08560. Call us at 609.730.0196 or FAX your order to 609.730.0197.

Contributions: PharmaVoice is not responsible for unsolicited contributions of any type. Unless otherwise agreed in writing, PharmaVoice retains all rights on material published in PharmaVoice for a period of six months after publication and reprint rights after that period expires. E-mail: tgrom@pharmavoice.com.

Change of address: Please allow six weeks for a change of address. Send your new address along with your subscription label to PharmaVoice, P.O. Box 292345, Kettering, OH 45429-0345. Call us at 800.607.4410 or FAX your change to 937.890.0221. E-mail: mwalsh@pharmavoice.com.

Important notice: The post office will not forward copies of this magazine. PharmaVoice is not responsible for replacing undelivered copies due to lack of or late notification of address change.

Advertising in PharmaVoice: To advertise in Pharma­­Voice please contact our Advertising ­Department at P.O.?Box 327, Titusville, NJ 08560, or ­telephone us at 609.730.0196. E-mail: lbanket@pharmavoice.com.

Letters…
Send your letters to feedback@pharma­voice.com. Please include your name, title, company, and business phone number. Letters chosen for publication may be edited for length and clarity. All submissions become the property of PharmaLinx LLC.

Posted in:

Post a Comment

You must be logged in to post a Comment.

FEEDBACK