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Home Company News Social Media and Pharma – An Untapped Value Proposition For The Life Sciences Industry

Social Media and Pharma – An Untapped Value Proposition For The Life Sciences Industry

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Written by Rosemarie Truman and originally published in Life Science Leader, September 2011

We are all aware that the life sciences industry is strongly focused on increasing and enhancing
capabilities relating to developing products/solutions that, ultimately, gain market acceptance and
achieve successful commercialization. As we await regulatory guidance for social media, we are left
wondering: can social media provide the desired value the industry is striving to achieve?

The Value Proposition Of Social Media

Now, imagine that you could possibly reach the 535 million people using Twitter, Facebook, and/or
LinkedIn; this is 7.7% of the world’s population. If you take this a step further and only count people
aged 10 to 64, you can reach 10% of the globe. Think about this: a startling 96% of those who were
born between 1980 and 2000 have joined a social network. The United States now has the highest
adoption of social media, with 46% of the population. If you then consider the 3.5 billion drugs
dispensed per year in the United States (12 prescriptions per person per year, on average), the social
media statistic becomes even more remarkable, indicating that by influencing only three channels of
social media, it is theoretically possible to influence an entire population via social media.

It is a fact: social media is going to persist, with or without you.

Since many articles have come out recently with regard to the risk of using social media in life
sciences*, the industry is acutely aware of the risk in engaging an audience in a heavily regulated
industry. This lack of engagement/communication is justified, as pharmaceutical companies are often
reminded of the heavy ramifications of a marketing misstep. In a high-profile case in 2010, Novartis
was fined a hefty $422.5 million for off-label drug marketing. While charges in this case were not
specifically targeted toward social media marketing, and off-label marketing is impermissible in any
case, the social media world presents new challenges and heavier burdens to bear – and companies
are taking note.

The FDA has issued no clear policy on social media activity, but has discouraged usage. The latest news
reports are that the FDA has again postponed the release of its first draft guidance for social media. In
a highly regulated industry, this lack of guidance has many pharma companies tiptoeing in the social
media space, or avoiding it altogether.

The Risks Of Social Media

When used intelligently, social media can add significant value to the life sciences industry. The
benefits for utilizing social media strengthen and widen your company’s presence in avenues that
traditional direct-to-consumer advertising and promotional efforts (e.g. mailers) cannot. When before
has a customer/patient been able to have a real conversation with an extraordinary number of
customers/patients that are “just like them”?

There are five main reasons to develop and maintain a social media voice for life sciences
organizations: to listen, to engage, to add value, to advertise/promote/shape demand, and to create a
community.

First, while all are essential to gain value from social media, listening is, possibly, most critical for life
sciences companies, and it is also the least risky. These days, consumers often purchase based on
social media influencers. Additionally, there are Twitter profiles, such as @SideEffectsSpy and
@eyeonfda, which serve as unregulated pharma watchdogs, while community sites like
www.patientslikeme.com and www.doseofdigital.com continuously share views about pharmaceutical
products before companies have time to react. Keeping an eye on your company’s mentions allows
you to respond in a timely and appropriate manner. Life sciences companies can find out exactly what
the concerns of patient advocate groups are so that this can then be incorporated into further patient
engagement. Whatever your company’s involvement, proactively listening should be part of your
social media strategy. Read blogs, follow relevant Twitter profiles, and check Facebook. Consumers,
associations, and the media are talking – do you know what they are saying about you? More
important, do you know what their sentiment is overall? Is it positive? Negative?

Second, let’s cover engagement. Consumers are interacting with each other, but what about
companies? Some pharma companies seem to be interacting more frequently, and not just watching
from the sidelines. Companies like Novo Nordisk, the first pharma company to create a product
promotional campaign via Twitter; Johnson and Johnson, the first pharma to blog and, additionally,
launch an online health education channel of videos; and, more recently, AstraZeneca, the first to hold
a sponsored pharma Twitter chat, are paving the social media path for pharma companies.
Conferences such as BioConference Live (www.bioconferencelive.com) have gone entirely virtual,
with online-only speaker sessions and trade shows, while relying heavily on social media to market
their events. Even the FDA is no exception, participating in social media channels such as Twitter and
Facebook.

Once listening and engaging is performed, it becomes easy to do the rest: to add value, to
advertise/promote/shape demand and to create a community.

And, while there is regulation in every industry, and the FDA has not offered new guidance, many
industries are able to harness the value and mitigate the risk of social media. There are, of course,
going to be risks and rewards whenever pharma ventures into new marketing channels, particularly
channels that have such far-reaching implications among consumers, competitors, industry
professionals, and, perhaps most influential, media outlets.  With all the value of social media
presented, perhaps a proverbial cautionary tale should also be heeded. In other words, proper
precaution that would be provided on a label must still be provided in the social media space. Product
pros and cons are one idiosyncrasy of the drug industry that must be considered in marketing
communications. Just last year, Novartis pulled a Facebook widget that was used to promote its
leukemia drug, Tasigna, after receiving a letter from the FDA — the first letter the FDA has issued
regarding a Facebook marketing effort — that the widget violated federal regulations by not
adequately alerting users to the drug’s risks. Avoiding these types of FDA letters can be mitigated
when ground rules are adhered to: Do not claim a product is what it is not, and ensure value and risks
are fairly presented. But, these have been the rules all along, so the rules have not changed.

A Social Media Road Map

Is there a new role that must be included in discovery, clinical trials, and post-market surveillance?
Perhaps there is a social monitor to understand:

a)    Discovery: Is there a need for a product that could be developed?

b)    Clinical Trials: Is our answer to the need safe, effective, and differentiated?

c)    Post-Market: Are we still offering the best product on the market? How are people talking
about our drug? What is the sentiment: positive, negative, or neutral? Is it better than peers?
Which topics, then, are appropriate to communicate in the social media spectrum? Life sciences
companies should use social media channels to:

a)    Research: Identify whether or not there is a need for the drug, and if a better drug has been
created (e.g. less toxic, worked faster, had fewer side effects, etc.), would it be adopted? Where
would it be adopted, etc.?

b)    Development: Further the process by:

a.    Recruiting patients

b.    Creating a community for those in clinical trials, understand their concerns, watch them
interact

c.    Interacting with disease support groups to understand needs and the maturity of
needs, including items such as: packaging, performance, ease of use, assurances, life
cycle costs, social acceptance, price and availability

c)    Commercialization: Implement commercialization practices by:

a.    Marketing the drug

b.    Performing post-market surveillance
The road map to social media success for pharma means developing a strategy, a personality, and
investing time, resources, and value creation in a social media presence.

a)    Build a foundation. Companies need to establish their initial presence. By building a consistent look
and feel, companies can gain awareness and develop their voice.

b)    Listen and participate. Take time to learn what is currently being discussed in the industry and
understand the discussions taking place. Then, participate in a way the community will find
relevant. Start discussions, and join ones already in progress. Post pictures, videos, comments, and
questions.

c)    Gain followers by adding value. Become an esteemed contributor by adding value to existing
communities. Gain followers virally by becoming friends with others in your industry across
multiple channels. Want to add significant and valuable content? Be the expert – blog consistently
on topics affecting your company and your industry.

d)    Generate buzz and provide the community an opportunity to share authentic stories of people
getting better by using your drugs. Sponsor social media third-party channels. The life sciences
industry generates and responds to buzz by sharing stories, which includes heavy blogging,
tweeting, and thoughtfully responding to others’ shared stories.

e)    Monitor channels. Announce new company activities, products/services, and relationships.
Constantly innovate, entertain, and be relevant. Monitor your “share of voice” vs. “share of
wallet” to achieve long-term positive perception.
While social media presence in life sciences remains a gray area — especially as we are forced to wait
on regulatory agency guidance ­— the risks are higher. Still, effectively developing your brand and
engaging your audience has numerous benefits. Additionally, your marketing and legal teams can work
together to ensure a successful and suitable social media presence. However, as we stay tuned for
further guidance, simply ignoring the potential and reach of social media to stay on the safe side may
create the adverse effects you are trying to avoid.

*Emerging Risks of Social Networking:

http://www.lloyds.com/News-and-Insight/News-and-Features/Emerging-Risk/Emerging-Risk-
2011/The-emerging-risks-of-social-networking

Reference Link:

http://www.lifescienceleader.com/index.php?option=com_jambozine&layout=article&view=page&ai
d=4369&Itemid=56