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ZIMENT LAUNCHES LANDMARK
SOLUTION TO DETERMINE KEY ATTRIBUTES AND MARKET POTENTIAL OF
PRODUCTS IN EARLY-STAGE DEVELOPEMENT
"Benchmark Discrete
Choice" Gives Marketers Unprecedented Flexibility,
Quantitatively Measuring More than 50 Product Attributes
NEW YORK, September 18, 2007 -
Ziment, a leading global marketing research
company, announces the worldwide launch of “Benchmark
Discrete Choice,” a groundbreaking solution that gives brand
teams unprecedented flexibility and optimal accuracy in
determining the market potential of compounds in early- and
late-stage development. Ziment’s novel approach overcomes
the long-standing industry dilemma of quantitatively
measuring large numbers of a compound’s potential attributes
to determine top-tier and secondary product attributes and
the importance of each one, set clinical trial endpoints,
and provide preference share.
“Today, pharma companies compete in an
increasingly pressure-packed pharmaceutical environment,
which drives a substantial need for better, earlier, more
flexible insight into the market potential of compounds in
development,” said John Tapper, PhD, Chief Operating Officer
of Ziment Custom. “Benchmark Discrete Choice is a
significant advance in early-stage forecasting. Now brand
teams have access to a dynamic model that quantitatively
measures a large number of potential product attributes,
determining market information at the earliest stage with
great flexibility. The results enable them to make more
accurate decisions and maximize the commercial value of a
compound early on.”
Benchmark Discrete Choice was presented at
the 46th Annual European Pharmaceutical Marketing
Association conference on June 22, 2007 in Malta.
Unlike traditional market research tools,
which can only reliably measure eight to ten attributes
quantitatively, Ziment’s Benchmark Discrete Choice can
quantitatively test up to 50 potential attributes and 200
levels of each attribute’s importance, as well as measure
preference share, to determine what drives physicians’
prescribing decisions. Traditional methods for measuring
many attributes typically begin with qualitative research to
reduce the number of attributes and then measure them
quantitatively. They also require design compromises.
Full-profile techniques are limited by cognitive overload
(a doctor can only absorb a limited number of choices a
limited number of times), and a newer technique, partial
profile, is limited by its inability to tie share to
output.
"Benchmark Discrete Choice is the first
technique that makes it possible to combine both accuracy
and flexibility into a single model,” said Venk Ramakrishnan,
Chief Methodologist at Ziment Custom. “This tool can
provide tremendous value to our clients and impact business
decisions previously unreachable with marketing research."
Benchmark Discrete Choice is particularly
advantageous for marketers who have many questions about
their compound or competitors’ compounds. It answers the
most common, as well as complex, prelaunch marketing
questions: Which attributes will drive market share? How
important is each attribute that will drive share? Two of
my competitors are launching products – How much of a
competitive threat will they be?
Ziment’s new capability has been adopted by leading
pharmaceutical companies, who have used it to solve complex
pre-launch challenges. Brand teams closer to launch also
benefit, obtaining a deeper understanding of what drives
physicians’ prescribing decisions.
About Ziment
Custom:
Ziment
Custom is the strategic primary marketing research division
of Ziment Group, providing customized intelligence and
solutions to the healthcare and pharmaceutical industries
worldwide. As a strategic partner, Ziment Custom offers a
full range of qualitative and quantitative marketing
research approaches, as well as business solutions and
consultation, that help marketers reach business objectives,
from Compound to Profit. For more, visit
www.ziment.com.
About Ziment
and The Ziment Group:
Ziment
Group is a leading global marketing research group of
companies serving the healthcare, pharmaceutical and
biotechnology industries for more than 30 years. Ziment
Group is the global healthcare research brand for The Kantar
Group, the Information and Consultancy Division of WPP,
plc. The group consists of Ziment Custom, the strategic
primary marketing research division; AllGlobal/WebSurveyResearch,
syndicated marketing research services using the largest
dedicated panel of physicians; imap Research, syndicated
market tracking research; and Consumer Health Sciences
(CHS), which conducts the National Health and Wellness
Survey (nhwsurvey.com),
the leading annual disease-specific consumer survey for
patient information.
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