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DECISION RESOURCES AND PHARMETRICS PARTNER TO ENHANCE
THE WAY PHARMACEUTICAL COMPANIES ANALYZE THEIR DISEASE MARKETS
New Product Will Allow Companies to Reconcile Epidemiological,
Patient-Level, and Primary Market Research Data to More Accurately
Assess Market Size, Identify Areas of Untapped Opportunity,
and Effectively Position Products
DecisionMETRICS™ To Cover A Wide Range of Therapeutic
Areas
Thursday, December 2, 2004—Waltham/Watertown, Massachusetts—Decision
Resources, a global leader in research and advisory services
focusing on pharmaceutical and health care issues, and PharMetrics,
a leading provider of health care market intelligence solutions
and analytic insights to the pharmaceutical industry, announced
today a partnership that will enhance the way pharmaceutical
companies analyze their disease markets.
The partnership will result in a new interactive product
called DecisionMETRICS™ that will allow pharmaceutical
organizations to:
- Accurately assess potential market size and identify untapped
patient populations.
- Identify key leverage points that can be used to effectively
position a product.
- Identify patient groups that provide the most opportunity,
and refine messaging to drive desired patient behaviors.
- Assess the impact of emerging therapies and anticipate
future dynamics in the marketplace to take preemptive action.
“One of PharMetrics’ key strengths is its unique
patient-centric database that provides insights into how physicians
are treating patients. By combining PharMetrics rich data
sets with Decision Resource’s analysis and interviews
with thought leading physicians, we can provide our biopharmaceutical
clients with a more in-depth view of what is truly happening
in a disease market and why, to more accurately project what
is most likely to occur in the next two years,” said
Sarah Fuller, president of Decision Resources.
“The beauty of DecisionMETRICS is that it combines
epidemiological, patient-level, and primary market research
data into one comprehensive package,” said Michael Weintraub,
president and CEO, PharMetrics. “Whereas pharmaceutical
marketers normally spend a lot of time reconciling these data
sources themselves, DecisionMETRICS has already done the work
for them.”
DecisionMETRICS will cover a wide selection of therapeutic
areas including metabolic diseases, central nervous system
disorders, immune and inflammatory diseases, and many more.
About PharMetrics
Based in Watertown, Massachusetts, PharMetrics is a leading
provider of market intelligence solutions to the pharmaceutical,
biotech, medical device, and health plan sectors of the market
utilizing anonymous patient-centric data. PharMetrics strictly
adheres to the requirements of the Health Insurance Portability
and Accountability Act (HIPAA), only accepting ‘encrypted’
(anonymous) data from its network of over 80 health plans
around the country who have removed all individually identifiable
health information such as patient names, addresses and phone
numbers, and dates of birth from their data. In exchange for
the data, PharMetrics provides the payor organizations with
focused analyses and normative products that enable them to
improve the efficiency of their members’ use of pharmaceuticals
and other services as well as the quality of the care that
they provide to all of their members. For more information
about PharMetrics, visit www.pharmetrics.com,
email
, or call 800-783-6362.
About Decision Resources
(http://www.DecisionResources.com)
is a world leader in research publications, advisory services,
and consulting designed to help clients shape strategy, allocate
resources, and master their chosen markets. For more than
two decades, the company has provided in-depth research on
the trends, emerging developments, and market opportunities
in the biopharmaceutical and managed health care industries.
Companies ranging from global pharmaceutical and biotechnology
leaders to start-ups turn to Decision Resources for information,
analyses, and advice in making critical research, licensing,
and marketing decisions. Major investors in Decision Resources
include Boston Ventures (http://www.bostonventures.com)
and Castanea Partners (http://www.castaneapartners.com).
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For more information, contact:
| Elizabeth
Marshall
Decision Resources, Inc.
781.296.2563
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Taryn Foniri
PharMetrics, Inc.
617-972-8590 x350
|
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