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Through this interview, Michaud highlights that to thrive in today’s complex landscape, pharma must embrace personalized medicine, strengthen data-driven and digital communication strategies and position Medical Affairs as a strategic pillar. Success, he suggests, lies in smarter resource allocation, rapid external feedback and a renewed focus on patient-centric integration.
While defining success in pharmaceuticals can be somewhat like beauty, “Individually perceived and hard to define”, his own simple definition consists of the following: “Maximize and accelerate the integration of treatments to clinical practice, to optimize patients’ outcomes and company’s success” These few words appear sufficient to layout success, materialize them into pragmatic and tangible downstream impact constitutes a paramount achievement, given the increasing complexity of the healthcare landscape. A balancing act between complexity and limited resources A basic challenge lies in the rightful emergence of personalized medicine: how might we, pharma colleagues, be successful at developing, registering and integrating medicines for a targeted group of patients (hence smaller in number) while sustaining the current requirements of complex developmental paths requiring significant resources? In addition, the mere accumulation of treatment options in each therapeutic area also contributes to an increase in complexity on how to optimally position and sequence them. Such balancing act demands that we start doing things differently to foster a ratio of investments or revenues that will enable success and sustainability, hence bringing water to the well of our respective companies’ innovative discovery efforts and resulting pipelines. Successfully achieving this will require us to not only shift how we invest resources, but also seek to obtain rapid feedback from the external world so that we can redeploy them as needed, removing from low impact activities to feed into high-impact domains. Strong Medical foundations and rising challenges The evolving complexity of healthcare and limited resources demand that pharma strengthen its ability to engage external stakeholders— educating them on treatments and supporting datasets. I remain convinced that Medical strategy, primarily executed in the field by Medical Science Liaisons (MSLs), plays a vital role in integrating treatment options into clinical practice. A live discussion between an HCP and an MSL—where data is not only shared but fully contextualized within the realities of clinical practice, available options and access barriers—has always been and remains in my view, the most effective way to elevate HCP awareness and understanding.A live discussion between an HCP and an MSL—where data is not only shared but fully contextualized within the realities of clinical practice, available options and access barriers—has always been and remains in Michaud’s view, the most effective way to elevate HCP awareness and understanding.
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