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It’s Time to Rein in Exorbitant Pharmaceutical Prices

Harvard Business Review

As the ire over high prescription drug prices in the United States escalates , it’s easy to blame pharmaceutical companies. But pharmaceutical companies aren’t to blame. There are compelling reasons, however, to consider doing so for pharmaceuticals.

The Promise and Challenge of Big Data for Pharma

Harvard Business Review

The emergence of big data, as well as advancements in data science approaches and technology, is providing pharmaceutical companies with an opportunity to gain novel insights that can enhance and accelerate drug development. The pharmaceuticals industry has seen an explosion in the amount of available data beyond that collected from traditional, tightly controlled clinical trial environments. Analytics Data Research & development Healthcare Pharmaceuticals Digital Article

Frank Moss: An interview by Bob Morris

First Friday Book Synopsis

Bob's blog entries (MD) Apollo Computer Baltimore Bluefin Labs Bowstreet Cincinnati Children’s Hospital Frank Moss Haifa IBM Infinity Pharmaceuticals Lotus Development MIT University Princeton University the Mayo Clinic the MIT Media Lab the Practice of New Media Medicine The Sorcerers and Their Apprentices: How the Digital Magicians of the MIT Media Lab Are Creating the Innovative Technologies That Will Transform Our Lives Tivoli Systems Stellar Computer Twitter

Fixing Pharma’s Incentives Problem in the Wake of the U.S. Opioid Crisis

Harvard Business Review

Since 1999, three years after OxyContin was unveiled by Purdue Pharmaceuticals, the rate of drug overdoses in the U.S. Meanwhile, the amount of prescription opioids sold by pharmaceutical companies has quadrupled, despite no proliferation in the amount of reported pain.

How Pharma Can Offer More than Pills

Harvard Business Review

For years, there has been a push within the pharmaceutical industry to move “beyond the pill” — in other words, to build and deploy complementary services and solutions to diversify revenue sources.

How Pharma Companies Game the System to Keep Drugs Expensive

Harvard Business Review

The 1984 Drug Price Competition and Patent Term Restoration Act gave pharmaceutical companies exclusive protections for innovating a new drug. ” By selling a drug they’re already making under a different name, pharmaceutical firms are effectively extending their monopoly for another six months. Another way pharmaceutical firms are thwarting generics is by restricting access to samples for testing. Regulation Branding Manufacturing Pharmaceuticals Digital Article

An Exercise to Get Your Team Thinking Differently About the Future

Harvard Business Review

Here are a few of the provocative ideas the group advanced: Pharmaceutical and biotech firms will make smaller bets, and more of them. Innovation National competitiveness Education Healthcare Pharmaceuticals North America

Price Gouging and the Dangerous New Breed of Pharma Companies

Harvard Business Review

For 78-year-old Tony, 3,4 DAP — which can be obtained at low cost from compounding pharmacies or for free through a compassionate-use program supported by a small privately held company, Jacobus Pharmaceuticals — is a lifesaver.

How Merck Is Trying to Keep Disrupters at Bay

Harvard Business Review

Pharmaceutical companies, buffeted by regulatory changes, new drug technologies that alter entry barriers and competition, price pressures, and an estimated 300,000 job cuts since 2000, seem to fit the popular narrative of large organizations unable to deal with disruptive forces.

Veterans Among the Best Civilian Leaders

Strategy Driven

Without this kind of conditioning, recruiters are likely to overlook a veteran candidate when they see, for example, three years of military service instead of three years of pharmaceutical experience on their resume.

A Prescription For Empowering Employees To Succeed And Grow

Tanveer Naseer

When I was 18 years old, my uncle got me a job working in the warehouse of a pharmaceutical dispensary near his house in the Toronto suburbs.

Shame On Our Apology Economy

Lead Change Blog

Valeant/Philidor pharmaceutical companies. And this list doesn’t include those who really didn’t apologize like Sepp Blatter, former FIFA president; Martin Shkreli, former CEO, Turing Pharmaceuticals; or recently ousted Pennsylvania Attorney General Kathleen Kane).

Why do some companies achieve exceptional performance while so many others struggle to survive?

First Friday Book Synopsis

Bob''s blog entries Abercrombie & Fitch in retail Better before cheaper: Compete on differentiators other than price Deloitte Heartland Express in trucking Maytag in appliances Merck in the pharmaceutical industry Michael E. In search of an answer that could be supported with empirical proof, Michael E. Raynor and Mumtaz Ahmed, along with their team of researchers at Deloitte, embarked on a daunting quest.

The Mylan EpiPen Debacle: How Tremendous Greed Can Lead to the Demise of a Leader

N2Growth Blog

As you have likely heard, the pharmaceutical company Mylan and its CEO, Heather Bresch, have come under immense scrutiny for the firm’s EpiPen pricing policy. ” “The reality is and the brand pharmaceutical market, this isn’t an EpiPen issue.

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Starting Thought: Leadership in 2016

leaderCommunicator

Before that, there was money laundering at Enron, fraudulent accounting at WorldCom, securities fraud at Tyco, ethics and compliance violations throughout the pharmaceutical industry, and countless stories of executives inflating their resumes to present a more impressive public face.

The One Important Thing They Never Tell You About Before You Start Leading

Terry Starbucker

Before too long we’re popping aspirin, antacids and other pharmaceuticals to dampen the symptoms so we can just press on and keep working.

Don’t Forget to Connect Customer Service Week with Strategy

Strategy Driven

Stafford works with pharmaceutical, healthcare, food, consumer packaged goods and beauty care companies – ensuring their customer service initiatives are aligned to their marketing programs so they intrinsically support each other.

Five Secrets Fulfilled People Use Everyday

Strategy Driven

One out-of-work pharmaceutical executive told me that the only time he networks is when he is out of work, lamenting that he has not learned from past mistakes. Are there real tricks to becoming fulfilled in life? You bet.

The One Meeting that Reliably Produces Huge Consulting Projects

David A Fields

There were about fifteen of us—three from my team and a dozen client personnel—in a conference room at the headquarters of one of the world’s largest pharmaceutical companies.

Clive Wilson on how to design a purposeful organisation: Part 1 of an interview by Bob Morris

First Friday Book Synopsis

Primeast works primarily in the oil and gas, power, pharmaceutical and […]. Clive Wilson is a writer, speaker, facilitator and business coach. He is a director of Primeast, a learning and development company based in the beautiful town of Harrogate in the county of North Yorkshire in the United Kingdom, some 220 miles north of London.

Does Your Boss Squash Your Enthusiasm?

Marshall Goldsmith

Garnier, former CEO of the large pharmaceutical company GlaxoSmith Kline, “What did you learn from me when I was your executive coach that helped you the most as a leader?” If you feel like your boss is squashing your enthusiasm for your ideas and projects, it may be that he or she has the classic bad habit of Adding Too Much Value.

Make Meaningful Work as Important as Results

Lead Change Blog

The second example, from a pharmaceutical company, states their purpose is “to discover, develop, and deliver innovative medicines that help patients prevail over serious diseases.” How well do you and your leaders balance performance and meaning in your workplace?

A Message to Mylan’s CEO: Your Price Increase Wasn’t the Problem. Your Implementation Strategy Was.

The Kini Group

Is Mylan doing anything different from what other pharmaceutical companies have been doing for decades? That may sound like quite a price hike every six months, but in the world of pharmaceutical drugs this pricing practice is not uncommon.

"The Most Powerful Idea in the World" - Intellectual Property Rights

Sidd Gavirneni

My Thoughts - Biz & More Just some random thoughts about the business world. -- Siddhartha Gavirneni Followers Search This Blog Loading. Twitter Updates Blog Archive ▼ 2010 (8) ► October (2) Can you depend on innovation as your only strategy.

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Most Desired Trait by Companies Seeking Senior Executives

Great Leadership By Dan

years), while the pharmaceutical (5.7 I don''t often publish press releases, but this one from executive search firm IIC caught my attention and I thought it was worth sharing. It supports what I''ve been saying for years: It’s the Soft Stuff That’s Really the Hard Stuff and Why Do Businesses and Leaders Fail?

Negative Nellies: Confront them, isolate them or cut them loose?

Managers are Heroes

Susan Strassner, HR Manager, West Pharmaceutical Services, Montgomery, PA. Tired of whining and complaining. Left unchecked, negativity can poison the workplace and undermine productivity.

The Optimal Margin of Illusion

Great Leadership By Dan

His clients span a variety of industries including pharmaceuticals, animal health, financial services, telecommunications, industrial products, defense, power utilities, technology and consumer goods.

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Don’t Coach Integrity Violations – Fire Them!

Marshall Goldsmith

For example, a pharmaceutical company called me recently. A very wise leader, Alan Mulally, the former CEO of Ford and Fortune’s #3 greatest leader in the world 2013, once told me, “The key to your success is having great customers. If you have a great customer, your process will always work.

Millennials Speak! 5 Future Leadership “Must Haves”

Marshall Goldsmith

In fields as diverse as energy, telecommunications, and pharmaceuticals the same organization may be a customer, supplier, partner, or competitor. Millennials speak up! You need an “equal say” in your company’s future leadership. Here is why.

WHE01: 5 Components of Workforce Health Engagement

Engaging Leader

Provisions of employer-sponsored health care coverage that influence how health care services and pharmaceuticals are selected, purchased, and used.

Why CEOs have Liberal Arts Degrees

Mills Scofield

They are leading global airline, chemical, healthcare, pharmaceutical, and financial companies, among others. Some of today's top CEOs were history, political science, sociology, chinese and music majors in college.

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How To Discover Your Organization’s Next Big Growth Opportunities

Tanveer Naseer

For example, they might say, “We’re a bank,” or “We make office furniture,” or “We’re in the pharmaceutical business.” The following is a guest piece by Innovation Excellence co-founder Rowan Gibson. Today’s corporate leaders are under intense pressure to deliver continuous business growth.

Modelling and encouraging a culture of thoughtfulness

Aspire-CS

was young and inexperienced when I became responsible for overseeing the administration of cardiovascular drug clinical trials for a major pharmaceutical corporation.

John Medina: An interview by Bob Morris

First Friday Book Synopsis

He has spent most of his professional life as a private research consultant, working primarily in the biotechnology and pharmaceutical industries on research related to mental health. John Medina is a developmental molecular biologist focused on the genes involved in human brain development and the genetics of psychiatric disorders.

Result of a #RCUS? Libyian & California Kids Sharing Art

Mills Scofield

As we made light conversation I learned he was a 30-year old salary-man working at a pharmaceutical company in nearby Osaka. Have you just started grinning when reading something? This post by Tomas Quinonez-Riegos will do just that!

PRINCIPLES OVER PROCESS

N2Growth Blog

One of our pharmaceutical clients was recently recognized for successfully executing his company’s strategy and told us: “If I had to do it over again, I would have had the human resources organization intimately involved much sooner to ensure that our organization and people were prepared to deliver. By Mark Hefner. Global Practice Chair, Strategy N2Growth. ADVANTAGE STRATEGY. Five Paradigm-Shifting Principles.

How Great Leaders Support Work Life Balance

C-Level Strategies

This was never more evident for me than when I was negotiating multi-million dollar contracts with teams from major pharmaceutical companies, most of whom were located in New Jersey and New York.

Pfizer’s Straight Talk on Culture

Michael Lee Stallard

Pfizer, the multinational pharmaceutical giant, has become increasingly intentional about shaping its culture.

The Technology Trends That Matter to Sales Teams

Harvard Business Review

In the pharmaceutical industry, technology is transforming the sales process. A few decades ago, pharmaceutical companies promoted their products almost entirely through personal contact by salespeople with physicians.

Cheap Drugs from Canada Won’t Reduce U.S. Drug Prices

Harvard Business Review

Currently, importing pharmaceutical drugs from other countries is illegal. “We’ll reduce American pharmaceutical prices by importing cheaper drugs from Canada” is an appealing sound bite. The reason why pharmaceutical prices are relatively high in the U.S.