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Drug marketers shift focus to cost issues. (Briefings )

Public Relations Journal

| March 01, 1993 | Heineke, Bill | COPYRIGHT 1989 Public Relations Society of America. (Hide copyright information)Copyright

It's not enough anymore for drug makers to prove to the world that a drug works and is safe. Under intense pressure to contain costs, drug manufacturers today must also prove that a drug is cost-effective.

This new trend is called "pharmaco-economics," a term used to describe the relatively new discipline that combines pharmacology and economics. Pharmaco-economics is bringing a new measurement criterion to the forefront of pharmaceutical marketing: cost benefit or comparative efficacy. As a result, public relations professionals will be called upon to develop communication campaigns designed to convince insurance companies and health care organizations that a particular drug or cure is worth …

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