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A positive image never goes out of style

Plagued by the economic downturn, generic competition, sluggish innovation and concerns over drug safety and efficacy, the pharma and biotech industries in recent years have undergone serious makeovers in the form of cost-cutting, layoffs, reorganization, mergers and acquisitions—but are these industries putting their best faces forward?
Written byAmy Swinderman
| 3 min read

Plagued by the economic downturn, generic competition, sluggish innovation and concerns over drug safety and efficacy, the pharma and biotech industries in recent years have undergone serious makeovers in the form of cost-cutting, layoffs, reorganization, mergers and acquisitions—but are these industries putting their best faces forward?

While pharma and biotech companies have been going through various processes of reinvention in the past three years or so, some basic marketing and public perception campaigns have fallen by the wayside. Like a busy mom on the go, they are so preoccupied with keeping investors happy and staying afloat in turbulent times that they have been caught at the grocery store wearing pajama pants. In other words, matters such as late-stage clinical trial failures are more of a priority than how these companies are viewed by the general public. That will happen when you go into what I like to call "survival mode."

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