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Follow on Google News | Best Practices in MSL Team Management: Benchmarks for Team Staffing, Budgets and StructureThis data-rich benchmarking study focuses exclusively on the nuts and bolts of successful Medical Science Liaison (MSL) group management: • MSL team structure • Team sizing • Resource and budget allocation • Activity breakdowns
• MSL team structure • Team sizing • Resource and budget allocation • Activity breakdowns • Performance measurement It reveals the time-tested strategies of 50 Life Sciences firms of all types. No other resource combines this information all in one place - giving MSL program leaders easy access to key data that will solidify their decision-making, resolve logistical concerns and bring their teams to the next level. Optimize Your Team Whether you are in charge of a brand-new team or are looking to strengthen your core personnel, delve into various scenarios affecting MSL staffing: • Recruiting and hiring • Career paths and compensation • Performance measurement • Team sizing and expansion • Affiliate markets Make Better Investment Decisions No matter your resources or the size of your company, use this study's finely nuanced budget data to guide your budget decisions. Expand your understanding of the factors impacting MSL budgets as you examine spending breakdowns in key categories (including dollars allocated, funding for specific MSL tasks and outsourcing) Overcome Resourcing Obstacles Specific to Your Therapeutic Area Your MSLs are now expected to fluently discuss disease states and treatment options with thought leaders - and to place company undertakings within the context of current research. The new MSL's scientific expertise is increasingly tied to specific therapeutic areas. Track benchmarking data specific to 15 individual therapeutic areas, including autoimmune, cardio, CNS, dermatology, diabetes, gastroenterology, and oncology. Hunt down data from one area - or look across them all to capture a complete picture of MSL resourcing. Strengthen KOL Relationships through Territory Sizing Well-built territories create tactical advantages in building strong key opinion leader relationships. Use smart territory sizing to overcome tight resources and provide thought leaders with individualized attention. Territory sizing maximizes MSL reach. Allocate territories by different key factors: geography, thought leader concentration, sites of research institutions or other centers of excellence. Sample Content The following is excerpted from Chapter 1, "Staffing the MSL Team." This particular section addresses MSL performance metrics and compensation. To retain top talent, companies must establish a fair and clear method of assessment. This can consist of a mix of objective metrics, even those that may not always evaluate quality, and qualitative metrics, but there must be concrete, reachable goals that apply to each MSL's activities. A Company 1 MSL manager acknowledged the difficulty of assessing individual MSL performance when team objectives take primacy. For the MSL as a position, team objectives are the more important goal. But to warrant bonuses or raises and to ensure a solid career path for talented MSLs, specific objectives must be established for each MSL. In contrast, some companies go too far with the individual rankings. Company 9, for example, forces every MSL assessment into a bell curve with rankings of one through 10. There cannot be too many high rankings. If there are, MSL managers must adjust rankings as the evaluations move up the chain, and MSL teams are compared across the company. This undercuts the company's own goals. If MSL teams are hiring the right candidates, all of them should be able to perform at a high level. But if excellent MSLs are continually undervalued because of a theoretical model, they will move to another company. Proving value to internal stakeholders goes hand-in-hand with ensuring that individuals are recognized for their achievements. The goal is to build from the individual to the aggregate. Individual goals should fit within team objectives while also serving as a measure of an MSL's individual contributions and value to the company. The following excerpt is taken from Chapter 2, "MSL Program Structure and Territory Sizing in the US, Europe and Other Affiliates." The data collected on MSL programs' structural oversight underscore the liaison team's role in the overall organization. According to survey data, 91% of responding companies' MSL teams report through medical affairs organizations, as shown in Figure 2.2. [data shown in full report] This majority of companies establishing structural oversight for MSLs under medical affairs is an indication of the degree to which MSLs play a role in drug companies' strategies. Many companies can point to examples in which their earliest MSL teams consisted of highly skilled sales reps who had acquired enough scientific knowledge to work more closely with research-oriented opinion leaders. But as the industry shifts toward greater transparency in its relationships with key opinion leaders, MSLs play a greater strategic role in communicating the important scientific value that their relationships with KOLs provide. Therefore, companies' organizational oversight of MSLs, coming from the medical affairs function, is aligned properly with the changing times. Further emphasizing this point, only 2% of surveyed companies' MSL teams continue to have ties to the commercial organization. In contrast, in 2005, Cutting Edge Information's research found that 13% of drug companies' MSL teams reported through the sales organization, and another 14% reported through marketing and commercial operations. In 2008, no MSL teams reported through the sales organization, and the percentage of marketing and commercial operations functions overseeing MSL teams had dropped to 8%. Metrics Overview Chapter 1: Staffing the MSL Team 24 data charts focused on the following key points: MSL employment criteria Number of MSLs employed Number of MSLs at European affiliates Number of MSLs at Canadian, Asian, and Central and Latin American affiliates Preferred educational level for work with primary care physicians and specialist opinion leaders Years of health care experience required for work with primary care physicians and specialist opinion leaders Compensation for MSLs working by experience level, company type and physician focus MSL training frequency Chapter 2: MSL Program Organizational Structure and Territory Sizing in the US, Europe and Other Affiliates 17 data charts focused on the following key points: Percentage of companies with dedicated MSL teams MSL organizational structures, including oversight and executive leadership Average age of MSL teams Chapter 3: MSL Program Budgets 47 data charts focused on the following key points: US budget breakdowns for MSL programs Other major markets' MSL budgets Departments contributing funds to MSL budgets Decision factors driving budgets Spending on specific MSL activities, including averages and spending ranges for: Opinion leader management Conference/symposia Travel Overhead Direct salaries Training activities Presentations Outsourcing metrics across MSL functions Chapter 4: MSL Program Profiles Profiles for 15 companies' MSL organizations: Company Background and Structure Company type Country of surveyed MSL program's operation MSL group breakdown Reporting lines FTEs Allocation of therapeutic area-specific teams Timelines and Activities Phase of MSLs' first involvement with a product For more information kindly visit http://www.bharatbook.com/ OR Contact us at Bharat Book Bureau 207, Hermes Atrium, Sector 11, CBD Belapur, Navi Mumbai - 400 614, India. Phone : +91 22 2757 8668 / 2757 9438 Fax : +91 22 2757 9131 E-mail : info@bharatbook.com Website : www.bharatbook.com # # # Bharat Book Bureau, the leading market research information aggregator provides market research reports, company profiles, country reports, conferences & seminars, newsletters, and online databases for the past twenty two years to corporate, consulting firms, academic institutions, government departments, agencies etc., globally, including India. Our market research reports help global companies to know different market before starting up business / expanding in different countries across the world. End
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