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In today’s era, social media has become an integral part of life and business and it is even making a significant impact on the healthcare and pharma industries. In addition to the newly generated data, various analytics engines are helping the Pharma industry to discover more personalized drugs which more effective and enhance patient care. Through social media analytics, several new dimensions are being explored, which were previously inaccessible due to lack of information. Through proper channels, now Doctors’ and Patients’ data can easily be accessed by many industry competitors.
With the help of social media data, we will explore several different aspects of a medicine in this post.
Key Dimensions and Parameters for a Medicine:
According to our study, there are usually three major dimensions that are important for assessing a medicine’s performance in the market.
- Clinical
- Commercial
- Social
Clinical Parameters:
- Safety
- Effectiveness
- Tolerability
- Root of admin
- Familiarity key opinion Leaders
- Ability to meet unmet needs
Commercial Parameters:
- Size of the market
- Uniqueness
- Sales force
- Specialty
- Addressing multiple indications
Social Parameters:
- Different influencers
- Facebook/Twitter
- Forum analysis
- Blogs
- Journals
Top 10 brands of a popular pharma company, named Pfizer:
Benchmark of Portfolio of different products in Clinical, Commercial and Social:
Text Mining for analysis of Social Aspect:
We investigated the social impact of the medicine, ‘Lyrica’. Using some advanced machine learning techniques, we extracted few patient reviews from Drugs.com and analysed them
Here are some important keywords the patients are discussing:
- Pain
- Fibromyalgia
- Side Effects
Then we tried to see what the experiences of those people are, who have given rating between 5 to 8 out of 10, to that medicine.
Patients in this group are mostly discussing:
- Neuropathic
- Pain
- Spinal
In order to understand the context of their discussions, we studied word associations in their reviews.
Note: Comparatively BOLDER and THICKER linesbetween two words indicate a stronger association between them compared to other words.
Capturing the appropriate users:
We extracted 3 metrics from a review to better understand the users and medicine effectiveness.
- Ratings
- Usefulness
- Sentiment score
We captured the first two directly from the reviews; the third we calculated from the reviews using the Polarity score from Sentiment Analysis.
- From the name field, we can capture customers who dissatisfied with Lyrica and accordingly target them for marketing.
- The ‘usefull’ attribute indicates the issue which commonly experienced patients. For e.g., user ‘Danvic’ has given only ‘1’ rating to Lyrica and his/her review has been found useful by 66 users, so we should focus on what ‘Danvic’ is saying.
In summary, we have learned that social media and data from other websites, can be used to better understand a medicine’s effectiveness and to improve on areas where consumers are not satisfied.
In the next part of the blog series, we will discuss how social media like Facebook and Doctor’s blog can be used to understand how the market scenario is for different well-known drugs. Until then, Happy Learning 🙂
