Exclusive Survey Data Presented at Pharma Forum

At the Fourth Annual Pharmaceutical Meeting Planners Forum, held last week in Baltimore, speakers presented new eye-opening statistics and offered valuable insights into establishing a global meetings program.

Elio Evangelista, research team leader at Durham, N.C.–based Cutting Edge Information, kicked off the conference—held at the Baltimore Convention Center March 17 through 19—with the results of a survey conducted by CEI in collaboration with conference organizers Medical Meetings magazine and The Center For Business Intelligence.

The survey revealed some interesting trends in how pharmaceutical companies view meetings. For example, while the number of meetings is decreasing at pharma companies, spending on meetings is up. For 2008, the average meeting department expects to spend $6.6 million on 1,496 meetings. Also, 91 percent of companies outsource some meeting-planning functions, and 73 percent of the average drug company’s meeting budget goes to outside vendors. Further, 59 percent of meeting planning departments fall under the authority of marketing, while 29 percent are overseen by sales and 23 percent are under procurement (some meetings programs report to multiple departments).

During an industry thought-leaders panel on the first day of the conference, moderator George Odom, senior director, Advito, Dallas, led a discussion on the hot buttons of going global with strategic meetings management programs. The panelists from pharmaceutical and third-party meetings-management companies fielded a range of questions, from dealing with country-specific regulations and language barriers to getting regional buy-in and implementing global technology platforms.

The session sparked the interest of many planners and suppliers who opted to attend the afternoon track on global meetings management and procurement to continue the discussion. The industry’s need for education on this topic was punctuated by an instant poll of the group: 89 percent of session attendees said their companies want to globalize current SMMP programs, but only 33 percent believe their companies are ready to embark on such a process. To help them in their efforts, meeting and procurement execs from various pharma companies offered tips and best practices for implementing a global program.

The global procurement track was just one of eight educational tracks on day one. Day two kicked off with some 30 lively roundtable discussions, where rounds of 10 met to discuss topics such as green meetings, international meetings, product launches, investigator meetings, and work/life balance. Notes from the discussions will be sent to all participants after the meeting.

Keynote speaker David Stern, executive vice president, endocrinology, EMD Serono Inc., opened the conference with a presentation on how meetings, and meeting planners, can improve the damaged public perception of the pharmaceutical industry.

Look for a complete wrap-up of the conference in the June issue of MM.

RSS Share

Want to use this article? Click here for options!
© 2012 Penton Media Inc.


Acceptable Use Policy
blog comments powered by Disqus

Search 125,000+ Venues

Search Meeting Space

Find Event Venues with Cvent

The Meeting Planning Blog

NEW! Capsules Latest Posts

Sign Up for Our Free E-Newsletters

Meetings Collaborative

Rate your experience with meeting venues and suppliers.

Facility / Hotel

 
Powered by: Meetings Collaborative

Latest Webinar

Global Meetings: Risk Management A to Z
February 28 | 2p.m. EST

Organizations take on more risk than usual when booking meetings outside the U.S. Join our expert panelists and learn how to assess your overall risk, write contracts that protect your organization, manage currency exchange rate fluctuations, keep your travelers safe, and much more. View it on-demand now!

VIEW ALL ARCHIVED WEBINARS

Recent Comments

Powered by Disqus

Back to Top

Explore Our Newsletters

On Medical Meetings


Meeting Planner Survival Guide

Whether you're a novice planner or a veteran, this compilation of must-read articles is your meeting planning resource.

Must-See Meeting Files

Visit the MeetingsNet expert-advice site, where we’ve got top meeting pros on camera answering a variety of your questions as well as a collection of educational—and sometimes offbeat—editors’ pick lists — from the top tech tools to the best books for meeting professionals.

Pharma Meeting Management Forum

8th Annual Pharmaceutical Meeting Management Forum
March 25-28, 2012 in Orlando, Fl
Register now!
Learn more about how healthcare reform will affect medical meetings.

Both forums are co-sponsored by Medical Meetings and The Center for Business Intelligence.

Suppliers/
Facilities/CVBs

MeetingsNet makes it easy to find the CVBs, tourist boards, and facilities you need for your next meeting.

Deal Finder

Special offers brought to you by MeetingsNet.

Find A Job

Targeted to all aspects of the hospitality and special events industry.

SMM PORTAL

Your source for Strategic Meetings Management info and intelligence

Facebook   Twitter   LinkedIn   RSS Feed

Inside Current Issue

MM January 2012

Jan/Feb 2012

Nov/Dec 2011

Nov/Dec 2011

September/October 2011

July/August 2011

May/June 2011

Browse Back Issues