Results for category "Uncategorized"

Pharma Ads Work

Well, now if I were the president of this land
You know, I’d declare total war on The Pusher man.

From the Steppenwolf song “The Pusher” (Words and music by Hoyt Axton).  We’ve got a new president, but I doubt he’s ready to review the direct-to-consumer pharmaceutical advertising. Maybe after he’s read the New England Journal of Medicine’s 2007 report on the topic he might reconsider:

Since 2000, direct-to-consumer advertising of prescription drugs has continued to grow both in absolute dollars and relative to other forms of promotion. Although the evidence base is growing, there are few data to support an assessment of the balance of the costs and benefits of such advertising. The debate over whether and how direct-to-consumer advertising should be more tightly regulated takes place against a backdrop of growing concern about the growth of health care spending, particularly in the Medicare program. Gaining a better understanding of the effects of direct-to-consumer advertising for prescription drugs has important public health implications not only for the United States and New Zealand, where such advertising is also permitted, but also for Canada and the European Union, where such advertising is banned but has been subject to recent challenge.

Yes, advertising does move pharma product. Take, for example, the phenomenal growth of ED drugs. Barry Silverstein’s pun-filled piece in brandchannel.com suggests we won’t soon see the end of this type of advertising.  He offers these suggestions on how to make their brands more distinctive:

Barring governmental intervention, if drug companies continue to utilize DTC advertising, they will have to find ways to make their brands distinctive, if not memorable. That presents them with a number of challenges:

  1. Pharmaceutical brand names are vague and often meaningless. They do little to distinguish one brand from another. Consider such popular drug brand names as Celebrex (arthritis), Lunesta (sleep aid) and Vytorin (cholesterol). What do these names say about what the drugs accomplish?
  2. Drug advertising is, for the most part, dull and unexciting. It is a category that could use new, more effective ways of breaking through.
  3. Regulatory restrictions, no matter how lax, will continue to make it difficult to advertise drugs without including a list of side effects. Sometimes the recital of the list itself creates an unintentionally foreboding or even humorous aspect to a drug ad.

Ads for ED drugs does prompt a joke from the TV viewing audience. But for a real laugh, watch this clip of Robin Williams.

0

YouTube: YouSell DVDs

Monty Python’s Flying Circus. Remember that British import from the 70’s? We’d watch it religiously on the local PBS affiliate in the New York (WNET, “channel 13”).

A couple of months ago, Monty Python launched their YouTube channel and it’s become rather popular. The YouTube blog post on their “click to buy” program is getting results, specially for Monty Python:

We’re happy when we can help YouTube users enjoy the content they love, and we’re happy when we can help our partners build their businesses online – but we’re happiest when we can do both.

That’s why last year we launched our eCommerce platform for YouTube, which allows users to easily “click-to-buy” products — like songs and movies — related to the content they’re watching on the site. The past few months have demonstrated that great content on YouTube leads to increased sales. For example, when Monty Python launched their channel in November, not only did their YouTube videos shoot to the top of the most viewed lists, but their DVDs also quickly climbed to No. 2 on Amazon’s Movies & TV bestsellers list, with increased sales of 23,000 percent.

Nice sales increase.

Having clips up on video-sharing sites is good for business. Relentlessly pursuing “takedown” requests, one might argue, is counter-productive. I know I’ve had such requests in the past on clips I got from NASA, which is in the public domain. They’re still up, but the takedown requests can be a nuisance.

If people are profiting from pirated content, well that’s clearly a crime…

[youtube=http://www.youtube.com/watch?v=L57-vQvo34E]

0