Navigation Links
Key Challenges for Pharma Medical Affairs Functions Include Budget & Headcounts
Date:7/19/2011

CHAPEL HILL, N.C., July 19, 2011 /PRNewswire/ -- The Medical Affairs function arguably plays the most critical role in a biopharmaceutical organization with heavy responsibilities across areas such as clinical development, KOL development, scientific publications, and medical education.

Recent regulatory changes have pushed Medical Affairs to the forefront of many organizations' priority list. Smart companies and effective biopharma leaders are looking to this area to help them work effectively with the larger medical community and allow the companies to perform better on behalf of their physician and customer stakeholders.

In fact, according to a recent study from Best Practices, LLC research 37% of Medical Affairs spending, on average, is allocated for medical/clinical research, with the top quartile of respondents spending more than 60% for the clinical function. Meanwhile, medical education takes up 18% of allocations, according to the study.

However, a top challenge still on the minds of Medical Affairs executives is insufficient resources, including budget and headcount, for developing and maintaining an effective Medical Affairs group, according to the study.

"Medical Affairs Resources, Structures & Trends," primary research conducted by Best Practices, LLC's, provides medical affairs executives with recent trends in budget and staffing resources, key challenges and top success factors for the function.

Download a complimentary white paper at http://www3.best-in-class.com/rr1093.htm that includes selected best practices drawn from extensive primary research with executives from 25 leading biopharmaceutical companies.

The full 40-page report contains more than 100 benchmark metrics and 20 executive narratives, providing medical affairs executives with recent trends in budget and staffing resources, key challenges and top success factors for the function.

Key topics of this primary research include:

  • Organizational structures
  • Budget allocation for medical affairs functions and outsourcing
  • Recent and anticipated changes in resource levels
  • Impact on medical affairs functions on company success
  • Key success factors and challenges for medical affairs

For more information on this study and other recent primary research studies, contact Cameron Tew, Executive Director of Research, at 919.403.9246 or at ctew@best-in-class.com.  

BEST PRACTICES, LLC, conducts work based on the simple yet 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. Best Practices, LLC has been a leader in pharmaceutical research and consulting for more than 17 years; our clients include 48 of the top 50 pharmaceutical companies.


'/>"/>
SOURCE Best Practices, LLC
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. Thomson Reuters Trademark Report Reveals New Challenges and Opportunities for Pharmaceutical Brands
2. BioStorage Technologies, Inc. Brings Together Industry Leaders to Discuss Future Trends and Challenges of Global Biobanking Community
3. Kaiser Permanente Study Challenges Concerns on Effectiveness of Administering Pneumococcal & Shingles Vaccines Together
4. IVD Technology Announces Educational Lecture Webcast: Challenges in Clinical Lab Automation and IVD Instrumentation Development
5. National Leaders in Emergency Medicine and Patient Safety to Address Future Opportunities and Challenges in Emergency Care
6. NACDS, NCPA Provide Insights to Governors and State Medicaid Directors Confronting Medicaid Budgetary Challenges
7. Healthy Advice® Networks Physicians Discuss Patient Adherence Challenges at National Conference
8. Reportlinker Adds Russia Pharmaceutical Market Overview Pharma Companies Target Russia Despite the Challenges it Presents
9. World Vaccine Leaders to Meet in New Delhi India to Tackle Global Public Health Challenges
10. UK Pharmaceutical Market Overview - Pricing and reimbursement challenges dampen future growth
11. NCPA Digest Finds Independent Community Pharmacies Stable Despite Economic, Third-Party Challenges
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/8/2016)... 2016 Research and Markets has announced the ... offering. ... The global chromatography market to grow at a CAGR ... 2016-2020, has been prepared based on an in-depth market analysis with inputs ... prospects over the coming years. The report also includes a discussion of ...
(Date:12/8/2016)... Conn. , Dec. 8, 2016  Boehringer Ingelheim ... 2017 Corporate Equality Index (CEI). This is the ninth ... has been designated as a Best Place to Work ... Foundation, the CEI is a national benchmarking report on ... lesbian, gay, bisexual and transgender (LGBT) employees. ...
(Date:12/8/2016)... 2016  Avelas Biosciences, Inc., a clinical stage ... from diagnosis through treatment, today presented clinical trial ... study in breast cancer patients utilizing investigational drug ... Symposium. Jonathan Unkart , M.D., resident physician ... Health, delivered the presentation titled "Intraoperative tumor detection ...
Breaking Medicine Technology:
(Date:12/8/2016)... ... 2016 , ... SunView Software aims to redefine IT self-service ... engaging and easy to use. Coming off the heels of a successful launch ... plans to roll out new AI-powered self-service enhancements to help organizations implement effective ...
(Date:12/8/2016)... ... 2016 , ... California Senate Bill (SB) 863, signed into law in 2012, ... and 2014, according to CompScope™ Medical Benchmarks for California, 17th Edition , a ... study, medical payments per claim in California decreased 4 percent in 2013 and then ...
(Date:12/8/2016)... ... 2016 , ... The Dianne Michael Insurance Agency, an Ohio-based ... is embarking on a charity drive with the aim of generating support for ... or neglected senior dogs in the Cincinnati region, and LuvFurMutts volunteers also work ...
(Date:12/8/2016)... ... 08, 2016 , ... Coffey Agencies, a locally owned and ... in the northern Alabama and Georgia regions, is embarking on a charity drive ... has built a network of support and education facilities to develop and provide ...
(Date:12/7/2016)... Kenosha, Wisconsin (PRWEB) , ... December 07, 2016 , ... ... the extraordinary new MedMaster™ MPCNGX . The MPCNGX is a multi-function, sealed, LED ... the right amount of light where and when it’s needed. , A ...
Breaking Medicine News(10 mins):