Rapid changes in the biopharma industry are making it increasingly difficult to launch new products successfully.
Challenges include novel treatment modalities, increased use of biomarkers, declining access to physicians, digitalization, more informed patients, rising shareholder expectations and the need to launch globally.
L.E.K. Consulting has identified five key levers for biopharma launch success: early preparation, structured and flexible planning, organizational alignment, continuous readiness assessment and the right team.
By considering these key levers, biopharma companies will find themselves able to execute their launches in a more targeted and effective way, and increase their chances of success.
Rapid changes in the biopharma industry are making it increasingly difficult to launch new products successfully. Especially challenging are novel treatment modalities such as gene and cell therapy; increased use of biomarkers; rare diseases with hard-to-identify, diagnose and access patients; and expanded requirements to demonstrate economic value.
In addition, biopharmas must navigate declining access to physicians, digitalization, more informed and demanding patients, intense competition, and the need to launch globally to maximize revenues. Shareholders’ expectations are also increasing, driven in part by the high prices paid to acquire the limited number of attractive assets available.
Faced with such challenges, biopharma companies must optimize their launch planning and execution process to ensure successful launches of strong products.
Based on our experience supporting a range of product launches, L.E.K. Consulting has identified five key levers for biopharma launch success (see Figure 1).
In this Executive Insights, we review these five levers and explain how they inform the creation of a high-performing product launch framework.
Five levers for successful launch
A successful launch requires evidence generation for reimbursement, the identification and development of a new set of advocates, and/or the identification of a suitable patient group. The planning process should start approximately three years before launch, though this may not always be possible if an asset is acquired or in-licensed, or if there are budget constraints. However, starting late will most likely lead to missing or lower-quality deliverables, regardless of how many resources are invested, thereby resulting in either a delayed launch or poor launch performance.
When launch planning, the first step is to conduct a thorough situation assessment to determine the unique aspects of the launch, asking questions such as:
- How large is the patient population?
- Are patients easy to identify and diagnose?
- Will a biomarker be needed?
- How large is the call point universe?
- How differentiated is the product?
- How much variability is there in competitive dynamics across key markets?
During this initial assessment, the core launch team, led by the brand or launch lead, identifies priorities, assembles the global launch team, defines timelines and establishes the launch readiness assessment process. This ensures proper focus on the critical success factors and helps the launch team to define timelines and milestones.
In addition to the early start, biopharmas should implement a well-defined launch excellence approach that guides the process along a clear path from situation assessment to planning and readiness, through to performance monitoring until the brand transitions to “in-line” (see Figure 2 that illustrates both preparation timeframes and key planning phases).
Structured planning applying a flexible 3-12-50 framework
Launch planning tools are often not adopted because they are too complicated and inflexible. To be useful, the planning process must help the launch team identify and focus on only those deliverables that support the specific success factors.
L.E.K.’s launch excellence framework has three main dimensions (market, product and organization), which cover 12 strategic launch themes with a total of 50 deliverables (see Figure 3).
During the initial situation assessment, the core launch team uses market and product information (e.g., product forecasts, competitive dynamics, key product dimensions, R&D/BD timelines) to determine the success factors that will drive the product in the chosen market, as well as the overall launch timeline. Based on the success factors identified, this team can select critical deliverables and map them to the defined timeline, adding owners and expected levels of completion that will later help establish the launch readiness assessment process.
A successful launch team needs to be cross-functional, with a clear division of responsibilities between global and local representatives.
Typically led by the product vice president or brand head, the global launch team must have representation from key functions and affiliates; many fail to include enough functional expertise or the input of key personnel. Alongside undertaking the launch situation assessment, the global team is also responsible to ensure deliverables are met and intervene when needed to address locally arising issues.
Affiliate launch teams are responsible for planning and executing the launch locally. They are often led by general managers, business unit heads or marketing leaders, and should comprise cross-functional members.
At a minimum, the functions across both teams must include R&D/medical affairs, marketing, market insights, market access, health economics and outcomes research, and regulatory. Depending on the situation, other functions may be required, such as manufacturing/supply chain, finance, HR, compliance and public affairs.
Finally, genuine two-way dialogue between the global and local teams is an integral part of the launch process. Affiliates must be empowered to ask for support and global representatives must have realistic expectations about what individual affiliates can deliver, especially if there is limited time to prepare.
To support the collaboration, we recommend that the team adopt a web-based, easy-to-use planning and tracking tool to provide transparency and promote accountability (see Figure 4).
This cross-functional global and affiliate team approach needs to continue throughout the readiness phase and after the launch is completed, though the participation of some functions may be reduced over time.
Continuous readiness assessments
To help participating countries prepare for launch and facilitate collaboration with global representatives, the team should conduct regular in-depth readiness reviews around key milestones such as the decision to file, filing and marketing authorization. Additional reviews should be scheduled as necessary (see Figure 5).
The initial launch situation assessment defines the priorities and timeline of readiness reviews and sets expectations regarding the progress of critical deliverables at any given point in the launch process. Importantly, the readiness reviews should not be “tick the box” audits, but rather high-value sessions that ensure overall alignment regarding progress and next steps. As such, they are integral to launch success.
Existing launch tools, such as the one illustrated in Figure 4, can help monitor readiness and provide input for qualitative discussion at reviews, and these tools should also be used to ensure delays are addressed through actions defined by the launch teams.
The right team
Regardless of the product, the process and the launch planning tools, having the right team in place to properly plan and execute the launch is critical to its success. Without the appropriate experience, passion, and collaborative mindset at both the global and local levels, the launch is unlikely to succeed.
For biopharmas with limited previous experience, this can be particularly challenging, and it is even more important for these companies to start launch preparation early to allow time to hire and/or train new team members. The complexity of a product launch means that the team must include some members with prior launch experience. This will help to identify problems faster, build cross-functional and organizational consensus, sustain motivation and morale, and reinforce the importance of the launch to executive leadership.
Preparing for launch success
Any biopharma company preparing to launch should consider eight key questions to determine whether they are on track with planning and execution:
- Do we understand the key market and product dynamics for our launch?
- Have we identified the critical launch success factors?
- Are we focusing our efforts on these factors?
- Do we have a strong cross-functional global team with representation from the most important affiliates?
- Have we identified and do we track launch readiness indicators specific to our launch?
- Do we know what launch success looks like?
- Do we have a plan to monitor launch performance?
- Will the organization be prepared to launch our product successfully?
The biopharma industry is evolving quickly and launching products is more challenging than ever. By considering the key levers outlined in this paper, biopharma companies will find themselves able to execute their launches in a more targeted and effective way, and increase their chances of success.