Amgen's Matsuda offers grist for the regulatory rumor millMarketers may soon need to reconsider their online strategies in light of new regulatory developments, Mas Matsuda, associate general counsel and executive director at Amgen, told attendees at an e-marketing conference today.
Matsuda posed a series of hypothetical questions to just over 100 attendees of CBI's 8th annual Forum on e-Marketing, including: “What if a two-year moratorium is put on e-marketing? What if Medicare reimbursements are reduced for DTC advertisers? What if DTC advertisers are required to fund a public health education initiative?”
Matsuda also pointed to academic detailing legislation introduced in Congress last July that could restrict access to physicians. The Independent Drug Education and Outreach Act would fund independent detailing geared toward protecting physicians from me-too drugs that drive up healthcare expenses, said Matsuda.
“The goal is to generate healthcare savings while ensuring that Americans receive improved, more effective care,” Matsuda said of the bill.
Regarding PhRMA's updated code on gifts for doctors, Matsuda noted that a stethoscope would not be an appropriate gift, since it is designed for patient treatment and not physician education.
To navigate the ever-changing regulatory environment, Matsuda recommended that marketers “engage your respective legal and regulatory teams early and often.”