Monday, October 15, 2007

A Pharma-Sponsored Social Network?

Whoa, whoa, whoa. Hold on a minute. This is potentially groundbreaking news.

The time may have come for pharma to break into the social media world. News is that Pfizer is teaming up with Sermo to create a social networking site.

Those of you who know me know that I've got a good deal of health science background - pharma, biotech, medical device and healthcare experience - and that I talk quite a deal about how pharma is missing out by not embracing social media. I recognize the inherent pitfalls; in fact, I've written about the challenges in using social media in a highly regulated environment and suggested an approach for a niche medical device maker,

So the question with the Pfizer announcement is: how did they figure out a way around the lawyers and regulators and create a social network?

The answer lies in their audience. Recognizing that the direct-to-consumer model is laden with legal statements that require a two-page buy in print and a 60-second spot on television, pharma is now figuring out a way to improve on the model is seemingly invented: the sales call on the physician. They're moving back to their b-to-b roots.

Trying to secure a 2-minute appointment with an already time-crunched physician, only to bark out some data points and leave behind a handful of free pens and samples - that never appealed to me, either as a potential job or as the proper way to interact with a customer. This model doesn't allow for the salesperson to use one of the most valuable tools they have: their ears. And Sermo themselves listened to their community. According to Sermo's CEO, physicians on the site started asking for the industry to communicate with them in a medium more convenient than sending sales people to their offices.

With the Sermo partnership, Pfizer gets access to Sermo's 31,000 licensed physicians and can interact with them directly. While the users in the network remain anonymous, Pfizer doctors who ask and answer questions are identified as being from Pfizer. The upside? The Wisdom of Crowds comes into play and the community calls out a biased post or comes to the defense of a peer. And a large population of physicians gets the same message at the same time.

The one thing I'd be interested in tracking is how this plays out with the lawyers and regulators. Will the FDA demand (and be granted) access to the network? I don't think it's such an unreasonable request. They should probably be added as members who can observe, but not participate in these online discussions.

I applaud Pfizer and Sermo for creating a way to open the door to social media for the pharmaceutical industry. Let's see how this arrangement goes and see who's up next.

Labels: b2b, news, pharma, Risk, social media

Posted by Scott Monty at 11:59 PM

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About Scott

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The best way to describe Scott is "Renaissance Man." Friends and colleagues that know Scott from one facet of his life are very frequently surprised to learn of his interests and talents in other areas.

Scott is a marketing and communications professional focused on the digital industry — specifically on social media. His career spans a number of industries such as healthcare, pharma, biotech, travel, automotive, tech, and communications, and includes a wide range of clients, from start-ups to Fortune 500 companies.

Currently on the staff of corporate communications in Ford Motor Company, Scott heads up the social media function and holds the title Global Digital & Multimedia Communications Manager. He is a strategic advisor on all social media activities across the company, from blogger relations to marketing support, customer service to internal communications and more, as social media is being integrated into many facets of Ford business.

Prior to joining Ford, Scott served as Consigliere for crayon and spent a number of years with PJA Advertising + Marketing, a boutique BtoB agency specializing in health sciences & high tech.

In addition to his consulting and agency background, Scott is an active blogger and podcaster. He writes about the intersection of advertising, marketing and PR at The Social Media Marketing Blog and also writes The Baker Street Blog, a literary undertaking. Scott has been featured in numerous news and business publications, on a variety of podcasts, and on national television. Scott is a recognized thought leader in the social media industry and frequently speaks at industry events.

Scott received his Master's in Medical Science from Boston University's School of Medicine concurrently with his MBA from BU's Graduate School of Management. He lives in the greater Detroit area with his wife and two young sons, golfs all too infrequently, and has a hidden talent for voice over work.

Oh, and one last little-known fact: Scott coined the term "tweetup."

You may download a headshot here, courtesy of C.C. Chapman and a PDF version of Scott's bio here.

Books in which Scott's work is featured:
The New Rules of Marketing & PR
Twitterville
Six Pixels of Separation
Monkeys with Typewriters
Read This First
World Wide Rave
Get Seen

Disclosures/Relationships

Scott is on the Advisory board of SavvyAuntie
Scott is on the Advisory board of Business Smart Tools
Scott is a judge for the SAMMY Awards
Scott is on the Advisory board of The Hive Awards
Named one of iMedia's 25 Top Internet Marketing Leaders & Innovators
This blog's content is also syndicated on Social Media Today
Plaid occasionally does web work for me and designed this site
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Speaking Events

Scott speaks on social media at events, seminars and conferences around the world. His topic generally focuses on corporate use of social media, becoming an online spokesperson, and specifically on the progress that Ford has made in the recent past. If you're interested in booking Scott to speak at your event, please send an email to speaking [AT] scottmonty [DOT] com. Scott's bio and headshot can be found in the "About Scott" tab above.

Some previous engagements include:

BlogWell - How Big Companies Use Social Media - Minneapolis - August 13

Who is Scott Monty?

Hi, I'm Scott. I'm the head of social media for Ford Motor Company. This is my personal blog, where I share my perspectives on social media - the convergence of marketing, advertising and PR on the Web - for marketers, agencies, the enterprise and the individual. This blog contains my personal views.