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  3. > Benchmarking the Pharma Industry%s Medical Affairs Functions

Benchmarking the Pharma Industry%s Medical Affairs Functions

  • July 2014
  • -
  • Industry Standard Research
  • -
  • 63 pages

Summary

Table of Contents

Medical Affairs, as a function, sits at a crossroads in the pharmaceutical industry. The department is expected to act as a bridge between the commercial and scientific arms of an organization. Medical Affairs is further tasked with being the conduit of information between the company and external stakeholders, bringing efficacy and safety data to the medical community as well as gathering insights from the medical community to share internally. All responsibilities must be undertaken while keeping in mind strict regulatory controls and ensuring that medical data are interpreted appropriately.

ISR has designed this report to be used as a benchmarking tool for companies to compare their Medical Affairs functions to those of Top 50 pharmaceutical organizations.

Report Overview

Medical Affairs, as a function, sits at a crossroads in the pharmaceutical industry. The department is expected to act as a bridge between the commercial and scientific arms of an organization. Medical Affairs is further tasked with being the conduit of information between the company and external stakeholders, bringing efficacy and safety data to the medical community as well as gathering insights from the medical community to share internally. All responsibilities must be undertaken while keeping in mind strict regulatory controls and ensuring that medical data are interpreted appropriately. ISR has designed this report to be used as a benchmarking tool for companies to compare their Medical Affairs functions to those of Top 50 pharmaceutical organizations.

What you will learn in this report:

• Medical Affairs department operations and structuring, including: • Division of work for both global and regional medical affairs • Department structure and unique department structures within companies interviewed • Organizational alignment and comparison of Medical Affairs placement • Outsourcing behavior: services outsourced, vendor selection, reasons for outsourcing • Size and source of Medical Affairs budget • Future predictions for the department • Qualities of successful Medical Affairs employees • Medical Affairs goals and clinical trial involvement • Best practices for: • Hiring • Clinical trial involvement • Global and regional communication • Department structure and function

How you can use this report:

• Determine where your company’s approach to Medical Affairs may be different from a typical industry approach and the benefits and drawbacks that may result. • Gather information on unique Medical Affairs structures or philosophies employed by other organizations to provide a new perspective from which to consider your company’s philosophies. • Benchmark your company’s metrics for the size of the Medical Affairs department and budget against those of other companies.

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