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Article 9 Sep 2020

The new paradigm in the pharmaceutical industry: Challenges and innovations in the post-COVID era

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Over the years, the pharmaceutical industry has corroborated the importance of knowing how to adapt to a changing and versatile context. Social, economic and welfare needs have evolved and transformed in recent decades, forcing the industry to incorporate flexibility into how it interacts with the new and renewed needs of society, where speed, efficiency and democratization prevail.

Today, we live in a globalized system, where health policies and the approaches different political systems employ for the basis of their welfare are extremely volatile and unstable. This has made it more difficult to establish a cross-cutting narrative on something essential and fundamental – the health of people around the world. In this scenario, the pharmaceutical industry faces several different challenges, including highlighting the added value of its work beyond its much-questioned reputation, driven by critical voices. It must also foster dialogue among industry agents and institutions to work together with the end goal of building a better world for everyone.

In Spain, for example, the health system is considered one of the essential cornerstones of the nation’s welfare; however, on many occasions, investment policies, innovation and health policies as a whole have not responded to the scenarios in which we find ourselves.

The Spanish pharmaceutical industry has not only had to wrestle with economic difficulties and changing policies in the country over the recent decades, but has also had to face the global “infodemic” – an abundance of information, often not very thorough. This has led to key challenges such as medical misinformation, which is highly present in the discourse among citizens, inevitably forcing the various agents within the health and pharmaceutical systems to change their respective actions and decisions.

In a new paradigm, one where patients are greatly empowered and able to make informed decisions at the political, economic and social levels thanks to greater access to relevant information, it is essential for the industry to identify its immediate challenges and find ways to address them actively to foster real trust among citizens.

Accordingly, this article addresses some of these challenges and outlines insights to help companies handle these varying scenarios.

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María Cura
Partner and Managing Director at LLYC in Barcelona
María Cura joined in April 2010 as Managing Director of the Barcelona office and has been a Partner in the company since 2012. Since she joined the company, the Barcelona office has experienced significant business growth.Mrs. Cura has provided consultancy services at Gené & Asociados to institutional clients such as the Regional Government of Catalonia, the Government of Andorra and F.C. Barcelona, among others. She then joined USP Hospitals as Corporate Director of Marketing and Communications, where she was made artner and member of the Executive Committee and where she set up the CSR Department and the Alex Foundation. She was also a member of the Board of Trustees of the Alex Foundation.
Georgina Rosell
Senior Director at LLYC Barcelona
Senior Director at LLYC. Georgina Rosell has more than 15 years of experience developing programs for major national and multinational clients, including Amgen, CaixaBank, CIRSA Volkswagen, Coca-Cola, Crèdit Andorrà Foundation, DKV Seguros, Grünenthal, L’Óreal, Nike, Oxfam, the Red Cross, Sanofi, Telefonica and Unilever, among others. In addition to her role as senior director in Barcelona, she is also the director of Fundación USP Hospitales and CSR director at USP Hospitals. She holds a B.S. in Politics from UAB and a postgraduate degree in International Relations from Katholique Universiteit de Leuven, as well as a master’s in CSR of Barcelona and a postgraduate degree in Business Management and Communications from Instituto de Empresa.
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