Navigation Links
Building Medical Affairs Capabilities to Ensure Organizational Success across Key Operational Areas
Date:5/24/2013

CHAPEL HILL, N.C., May 24, 2013 /PRNewswire/ -- Regulatory and marketplace changes have pushed Medical Affairs to the forefront of many organizations' priority list.

Forward-thinking companies across the biopharmaceutical and medical device sectors understand a strong Medical Affairs function is essential to meeting current challenges in clinical development, market education, and regulatory compliance. These areas must operate effectively to create a vital bridge between an organization and one of the most critical stakeholders in the healthcare marketplace: physicians.

Appropriate spending and staffing across these activities is one of the challenges facing the Medical Affairs function as it attempts to balance its growing role across the organization.

According to recent research from Best Practices, LLC, the budget allocation for Medical Science Liaisons increased from 11% in 2009 to 18% of total Medical Affairs spend in 2012. Outcomes Research also increased to nearly 10% of budget in 2012, up from 2% in 2009.

"Building Best-in-Class Capabilities in Medical Affairs" is a report that opens a window into these types of trends within the Medical Affairs function. Beyond trends in budget and staffing, the 116-page report provides benchmark metrics and insights that:

  • Illustrate how leading Pharmaceutical and Medical Device companies structure and organize their Medical Affairs functions based on industry and market changes.
  • Identify trends expected to impact the allocation of resources across different Medical Affairs functions.
  • Analyze how regulatory requirements are internalized and managed by Medical Affairs.
  • Describe the success factors and top current challenges regarding Medical Affairs.
  • Identify what percentage of MA budget leading companies allocate for outsourcing spending.
  • Trace how successful Medical Affairs organizations work cross-functionally to enhance effectiveness.

The report is based on the insights of 68 Medical Affairs executives and managers at 50 leading global companies. The benchmark class in this study consists of a Mature Markets and Emerging Markets Segment. Seven deep-dive interviews with industry veterans provided qualitative data.

To access the full report or to download a complimentary summary containing insights found in this report, click on the following link: http://www3.best-in-class.com/rr1216.htm.

ABOUT BEST PRACTICES, LLC

Best Practices, LLC is a leading benchmarking, consulting and advisory services firm serving biopharmaceutical and medical device companies worldwide. Best Practices, LLC's clients include all the top 10 and 48 of the top 50 global healthcare companies. The firm conducts primary research and consulting using its comprehensive proprietary benchmarking tools and analysis. The operational insights, findings and analysis form the basis for our Benchmarking Reports, databases and advisory services to support executives in commercial and R&D operations. Best Practices, LLC believes in the profound principle that organizations can chart a course to superior economic performance by studying the best business practices, operating tactics and winning strategies of world-class companies.


'/>"/>
SOURCE Best Practices, LLC
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. US Vitamin Injections Posts New Article about the Science of Muscle Building
2. US Vitamin Injections Post New Article about Natural Bodybuilding
3. High-Impact Recalls -- Building a Process to Avoid Disaster
4. Building on a Legacy: Vinita Gupta, CEO of Lupin Pharmaceuticals, Inc., Named Ernst & Young U.S. 2012 Family Business Award of Excellence winner
5. The University of Munich Hospital and Clinics Selects Brainlab Buzz Digital O.R. to Equip All 32 Operating Rooms in New Grobhadern Surgical Building
6. STAAR Surgical Expands Footprint for Growth with Lease on Adjacent Building in Monrovia, California
7. Marken Acquires European Kit Building Operation From LabCorp Clinical Trials
8. Dr. Edward W. Knowlton Resigns as a Director of Solta Medical, Inc.
9. TeamHealth Medical Call Center Forms Clinical Advisory Committee
10. Ameritox Joins with Progressive Medical in Urine Drug Monitoring Network to Help Improve Care of Injured Workers
11. Net Medical Xpress Announces Acquisition of Telemedicine Staffing Company
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/24/2017)... PUNE, India , January 24, 2017 ... Allied Market Research, titled, "Cold Chain Logistics Market by ... & Frozen Dessert, Meat, Fish & Sea Food, Drugs ... Industry Forecasts, 2014-2022," projects that the global cold chain ... 2022, growing at a CAGR of 16% (2016 to ...
(Date:1/24/2017)... Analysis of the Liquid Biopsy Market by ... - our new study reveals trends, R&D progress, and predicted revenues ... involved in this sector you must read this brand new report. ... 2027, assessing data, trends, opportunities and business prospects there. ... Discover How to Stay Ahead ...
(Date:1/24/2017)... Md. , and GAITHERSBURG, Md. , ... XON ), a leader in the engineering and industrialization ... of the planet, today announced that it has entered into ... GNVC ), a clinical-stage company and pioneer in ... Intrexon intends to integrate and expand upon GenVec,s expertise in ...
Breaking Medicine Technology:
(Date:1/24/2017)... ... January 24, 2017 , ... PeroxyChem Food and ... Control Equipment (PACE), at the International Production and Processing Expo (IPPE) in Atlanta, ... the new technology that is used in poultry processing facilities to provide constant, ...
(Date:1/24/2017)... (PRWEB) , ... January 24, 2017 , ... ... advance to the semi-final round of the 2017 Cupid's Cup Entrepreneurship Competition. Chaired ... its 12th year in 2017. The entrepreneurs will showcase their businesses on February ...
(Date:1/24/2017)... ... ... Bellus Medical, a leader in medical aesthetics, today announced that Marek Dobke, ... Dobke will provide physician oversight for in-house clinical studies and hands-on device training, among ... Associate Professor of Surgery at UC San Diego Health and is a board certified ...
(Date:1/24/2017)... MA (PRWEB) , ... January 24, 2017 , ... ... They Really Need to Thrive , Well-meaning studies such as the Fordham Institute’s ... schools can better serve top students, such as including gifted or high-achieving students ...
(Date:1/24/2017)... ... 2017 , ... Today, Taza Agua, Costa Rica's leading supplier ... to optimize the drinking experience for K-Cup coffee, tea and hot chocolate connoisseurs ... first untouched bottled water purposed exclusively for creating a superior brew. The company ...
Breaking Medicine News(10 mins):