Rethinking the Pharmaceutical Commercialization Strategy for Precision Medicine
Susanne Munksted
Precision medicine is advancing rapidly. Bringing transformative therapies to market that can dramatically improve patient outcomes. NTRK therapies show up to a 75% overall response rate in NTRK fusion-positive tumors. They have a duration of response up to 35 months and progression-free survival of 28 months. So why are patients still missing out on these therapies? The problem isn’t the science. The pharmaceutical commercialization strategy must also ensure the right patients can access treatment.
Precision Medicine Needs a New Commercial Playbook
Precision medicine depends on the coordinated efforts of three key stakeholders. Each with their own focus:
1. Biopharma: Drives innovation by developing and launching new therapies.
2. Labs: Advance diagnostic capabilities and efficiency.
3. Physicians: Diagnose and treat patients.
There are three things we must do to realize precision medicine’s potential. We must boost testing, raise biomarker awareness, and connect therapies to eligible patients. This demands coordinated effort & behavioral change. Unfortunately, this is often under-resourced and hard to incentivize. Without early alignment, testing lags - and patients miss out.
A strong pharmaceutical commercialization strategy must bring these stakeholders together early. It must also address the barriers preventing patients from being identified and treated.
Innovation Overload: The Engagement Challenge.
Physicians face a constant influx of new therapies, protocols, and guidelines. This is all while staying focused on patient care. Static, generic education often gets ignored. To truly engage, education must be timely, relevant, and actionable.
This is where the pharmaceutical commercialization strategy needs to change. Teams need to focus on the physicians, labs, and patients who need support most.
The Ideal Precision Commercialization Model.
Launching targeted therapies presents unique challenges, but also unique opportunities.
Imagine a world where you have testing data at your fingertips. You have a clear strategic roadmap and a partner to help you execute your tactics. You know where eligible patients are being treated and who they’re being treated by. You can engage pathologists, labs, and physicians on who, how, and when to test. Better yet, you can provide them with peer-to-peer support to further drive awareness. That’s the goal.
A new pharmaceutical commercialization strategy for precision medicine must:
- Engage all key stakeholders to accelerate test readiness and biomarker awareness before launch.
- Apply a precision lens to commercialization. Focus on both the testing and the treatment.
- Use real-world data (RWD) to identify eligible patients and guide engagement. Tailored, timely, data-driven digital with complementary personal engagement.
- Track the success of tactics across engagement, testing rates, conversion, and adjust accordingly.
A data-driven pharmaceutical commercialization strategy can help find missed patients and act sooner.
Great medicines aren’t reaching their true potential. This isn’t just a commercial imperative, it’s critical for patients. Every missed test is a potential missed patient.
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FAQS
What should a pharmaceutical commercialization strategy for precision medicine include?
It must do four things:
- Engage all key stakeholders to accelerate test readiness and biomarker awareness before launch
- Apply a precision lens to commercialization, focusing on both the testing and the treatment
- Use real-world data (RWD) to identify eligible patients and guide engagement, with tailored, timely digital complemented by personal engagement
- Track success across engagement, testing rates and conversion, and adjust accordingly
Why are patients still missing out on precision medicines?
The problem isn't the science. NTRK therapies show an overall response rate of up to 75% in NTRK fusion-positive tumors. Patients miss out when the commercialization strategy doesn't make sure the right patients can be identified, tested and treated. Without early alignment between stakeholders, testing lags and patients miss out.
Who needs to work together to deliver precision medicine?
Three stakeholders: biopharma drives innovation and launches therapies, labs advance diagnostic capabilities and efficiency, and physicians diagnose and treat patients. Realizing precision medicine's potential means boosting testing, raising biomarker awareness and connecting therapies to eligible patients. A strong strategy brings all three together early.
How can pharma boost biomarker testing and awareness before launch?
Engage pathologists, labs and physicians on who, how and when to test, and support them with peer-to-peer education to drive awareness. This coordinated effort and behavioral change is often under-resourced and hard to incentivize, which is why alignment needs to start early.
How can pharma engage physicians who face constant information overload?
Physicians face a constant influx of new therapies, protocols and guidelines. Static, generic education often gets ignored. Education must be timely, relevant and actionable. Teams should focus on the physicians, labs and patients who need support most.
How can real-world data help find missed patients in precision medicine?
Written By Susanne Munksted
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