- The drug industry cannot continue to do business “as usual” and ignore the concern about drug prices.
- Prices of many of the most popular brand-name drugs increased at nearly ten times the cost of inflation from 2012 to 2017.
- At least 28 million Americans have experienced a spike in the cost of their prescription medications in the past 12 months.
- 67% of drug companies increased their annual profit margins during between 2006 and 2015—with margins up to 20 percent for some companies in certain years.
KEY TAKEAWAY: Until pharma and biotech companies hire more people willing to disrupt the organization they are going to experience serious problems. Pharma needs “pirates” who can work within a regulated industry, yet challenge outdated processes that don’t add value to patients. Continue reading
KEY TAKEAWAY: The biopharma industry is in serious need of disruption, but if you’re a marketing disrupter you need not apply. Biopharma wants people who fit in, can attend meetings all day and people who support the industry even when it screws up. Continue reading