PharmExec Blog

Could Pharma Do Tumblr?

Could acquisition by Yahoo make Tumblr more interesting to Pharma?
I’m sure you’ve heard already – Internet geriatric Yahoo just bought six-year old Tumblr for $1.1 billion. The deal, likely to complete in the second half of this year, is almost all cash – reportedly almost all the cash Yahoo had in hand at the close of the first quarter. Why has Yahoo fallen so heavily for Tumblr? Easy, Yahoo is seen by many in the digital world as stodgy, slow and quite possibly past it. Tumblr is cool, nimble and on the up.
The Tumblr blogging platform, founded in 2007, posts some pretty impressive numbers: 300 million unique visitors a month; 17 billion page views monthly; 120,000 signups a day; 900 posts a second; and 24 billion minutes spent on the site every month. The clincher is Tumblr’s mobile footprint – more than half its visitors use its mobile app, seven times a day on average.
The bottom line is that a Yahoo-Tumblr combination (Yumblr?) is expected to grow Yahoo’s audience by half, giving it more than a billion monthly visitors, with a projected increase in traffic of approximately 20 percent. Yahoo hopes that it can bring its expertise in personalization and search to suck users into its advertising networks.
This could be a problem as the youthful Tumblr user-base, much like its twentysomething founder David Karp, hates internet advertising. As you might expect there has already been a user backlash against the deal, prompting Yahoo CEO to comment, “Don’t worry we won’t screw it up.”
The most likely way for Yahoo not to screw it up is to focus tightly on content marketing or branded content opportunities by bringing its grown-up content management skills to Tumblr’s nascent sponsored content offering. And this is the point where Pharma marketers should start paying attention.
Given the demographic distance between the average Pharma CEO and the average Tumblr user, you have probably never used Tumblr. The easy-to-use blogging platform is used mainly by a 13 to 25 age group attracted by its “social looseness”. Real names are not required on Tumblr, only email addresses, allowing users to present multiple personalities. “Tumblr is, in a way, the anti-Facebook—a social network where you do not have to be friends with your mother,” says a recent Economist Explains post.
When you explore Tumblr today, it’s not difficult to understand why you’ll find very few, if any, Pharma company Tumblrs. The content is quirky to say the least, from blogs devoted to photos of the late Kim Jong Il looking at things, to collections of dopey texts we parents send our children. Oh, and there’s a fair amount of pornography on there too.
Some major brands and corporations are already on the platform, however. Media – Newsweek, The Boston Globe, Elle Magazine, GQ – was relatively quick to pick up on it, seeing a relatively easy way to distribute a regular stream of highly visual content that would be shared by their audience. Fashion brands like J.Crew and Oscar de La Renta are also taking advantage of the “visual not verbose” ethos of the site. IBM’s Smarter Planet Tumblr is excellent. It features more of a mix of text and images, but the real value is the opportunity to distribute links to the broader network of IBM information elsewhere on the web.
What you will find when you take a closer look at Tumblr is a lot of potential patients. And as Pharma marketers get more serious about “customer-centric” and “multi-platform” approaches, maybe the acquisition by Yahoo is as good a time as any to look again at the platform.
Take a look at the diabeticproblems tag on Tumblr. You’ll see the occasional ‘humorous’ picture from people wondering how they’re going to cope with a chocolate fountain, but the vast majority of posts are from young people dealing with the day-to day-issues of living with diabetes. Questions about travelling with diabetes, snack recommendations for low blood sugar, pictures of testing kits and insulin pumps and a lot of motivational humour. Do you think a Pharma Tumblr offering funny, well-crafted advice and genuine support to this group might get some attention?
I’m not suggesting that anyone switch their social media budget to Tumblr today on the strength of Yahoo’s involvement. But it’s worth keeping an eye on what Yahoo does and how the Tumblr audience reponds. If they get the content marketing part of the play right and the user base keeps active, Tumblr might just make it into your social media marketing plan.

Peter Houston asks, could acquisition by Yahoo make Tumblr more interesting to Pharma?

I’m sure you’ve heard already — Internet geriatric Yahoo just bought six-year old Tumblr for $1.1 billion. The deal, likely to complete in the second half of this year, is almost all cash — reportedly almost all the cash Yahoo had in hand at the close of the first quarter. Why has Yahoo fallen so heavily for Tumblr? Easy, Yahoo is seen by many in the digital world as stodgy, slow and quite possibly past it. Tumblr is cool, nimble and on the up. Read More »

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Your 2014 Medicaid Sales & Marketing Plans

by Tom Norton

If you are an Rx regional sales director or a product marketing manager, I have a somewhat provocative question for you:  How exactly are you planning your 2014 Medicaid strategy?

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Posted in Advertising, Guest Blog, Legal, Market Access, Marketing, Regulatory, Sales, Strategy, healthcare, pricing | Tagged , , , , , , , , , , | Leave a comment

Protecting Your "Online Reputation"

By Don Sorenson.

For CEOs who have spent long years and countless funds building a solid pharmaceutical brand and life-changing drugs, discovering defamatory remarks about your company online can come as quite a shock. Even worse, the negative comments about the company are often published on social media and popular review websites that rank high in search results, so everyone curious about the company sees them. And because they rank so high, these complaints often show up in search results years after the problem is resolved, diminishing your reputation both immediately and over the long-term.

A poor online reputation also impacts your revenue. Several years ago I met with a company with a severe online reputation problem — 7 out of the top 10 search results about their company were negative. After carefully reviewing their rankings and revenues, I estimated their poor online reputation was costing them over $1.5 million in sales per year. How your company is perceived online dramatically affects your bottom line.

So what can you do to protect and insulate your company from the far-reaching effects of a few complaints others are posting online about you? Read More »

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The UK's New "Revolutionary" Medicines Optimization Plan

By Leela Barham.

The UK’s Royal Pharmaceutical Society has joined forces with a number of other organizations, including the Association of the British Pharmaceutical Industry (ABPI), to issue new guidance on medicines optimization.  Sir Bruce Keogh, Medical Director of NHS England, says it could be revolutionary.

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Xofigo Approval Keeps the Ball Rolling For Bayer Oncology

US-based Bayer Healthcare Pharmaceuticals, as its executives were quick to point out, has now received three new approvals for cancer indications in the last eight months.

Xofigo_Case & Upright Syringe

Bayer and Algeta's Xofigo employs a radioactive isotope to target bone metastases.

Two of those approvals were for Stivarga, for metastatic colorectal cancer at the end of last September, and for gastrointestinal stromal tumor, or GIST, in February. On Wednesday, FDA approved Xofigo (radium Ra 223 dichloride), an alpha-emitting radioactive drug indicated for symptomatic late-stage metastatic castration-resistant prostate cancer.

Like Stivarga, Xofigo was granted accelerated approval, and both drugs received an FDA thumbs up prior to their respective PDUFA dates. Xofigo is “the first and only alpha-emitting pharmaceutical available in the market,” says Shannon Campbell, VP and general manager, oncology, at Bayer Healthcare Pharmaceuticals. Combined with the standard of care, Xofigo extends overall survival in men with advanced prostate cancer, who also have bone metastases, by slightly less than three months, as demonstrated in the phase 3 ALSYMPCA trial, which evaluated 809 such patients.

The science behind Xofigo, which was discovered by Algeta ASA, a Norwegian biotech, and in-licensed by Bayer (the companies will co-promote the drug in the US), sounds like science fiction, at least to the layman. Radium 223 emits alpha particles that mimic calcium, and target bone; they don’t affect the surrounding healthy tissue, explains Pam Cyrus, VP, head of medical affairs, at Bayer Healthcare Pharmaceuticals. The alpha particles “are less than 100 micrometers, which is less than the size of 10 cells,” which makes for a very localized treatment. The course of therapy is six intravenous injections, one every four weeks, or once a month for six months. Hospitals or clinics that want to administer the drug will need to make sure their radiopharmaceutical licenses are up to date, an administrative step and a regulatory requirement for administering a radioactive drug, says Campbell.

Like FDA, physicians tend to like novel, brand new mechanisms of action, so long as they’re safe and efficacious. Campbell said Bayer’s engagement with the healthcare community so far has uncovered “a set of assumptions about radiopharmaceuticals, which are really tied to the older products in the market, the beta emitters, which are very different” from Xofigo. But “when you move into the mechanism, and also the magnitude of benefit…that gets their attention pretty quickly.”

Prostate cancer, given the devastating unmet need the disease represents, has been a hot development area for many companies in recent years. FDA has approved several products for advanced prostate cancer in the last few years, including J&J’s Zytiga and the Medivation/Astellas drug Xtandi, but Campbell says she doesn’t view these products as direct competitors. “The challenge in the prostate cancer market right now is…determining the right sequence for the products, and what are the right types of patients that would receive more hormonal directed therapy versus something else,” she says. Men experiencing the first symptoms related to bone metastases, “whether it’s pain, discomfort, taking narcotics…that is really the sweet spot for Xofigo, and that’s what differentiates it from everything else.”

Xofigo will hit shelves one to two weeks from now, and Bayer will continue to explore other possible indications for the drug, specifically in tumor types with a “heavy, bone-dominant component,” says Campbell. Bayer has global commercial responsibilities for Xofigo, but Algeta will co-promote the product in the US. A combined 140 to 150 “boots on the ground” will support the product, a team comprised of traditional sales reps, radiation therapy specialists, MSLS and other administrative support personnel. Xofigo will be “pretty well covered by most commercial plans, and Medicare,” says Campbell. “It may take a little bit of time to get put on some formularies, but during that process we have a very robust Xofigo access services program in place, to help healthcare providers and patients.” Bayer declined to name the advertising agencies working on the launch or campaign.

At ASCO, Bayer will present phase 3 data on Nexavar, the cancer drug it co-markets with Onyx, for locally advanced or metastatic patients with radioactive iodine-refractory differentiated thyroid cancer, and the company has also another phase 3 trial for Stivarga, in advanced liver cancer.

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