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MSC Nordics

Announcing a collaboration with FingerPost, global experts in market access and pricing

By | Company update | No Comments

We are excited to share that we are entering a collaboration with FingerPost, global experts in market access and pricing strategy from early development through to launch.

Our experience of niche market analysis and asset valuations combined with FingerPost’s profound understanding of real-world market dynamics makes for a strong differentiated offering. Together, we can increase our clients’ credibility and success rates in negotiations with partners and investors.

Learn more about FingerPost at www.fingerpostconsulting.com

Want to know more?

Please do book a meeting if you want to know more about how we can support leaders of biotech companies.

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Three things about nailing the first contact with a KOL

By | Business Development | No Comments

That cliché saying first impressions matter holds true in most situations, especially so when you want something from someone. We have previously given our top tips on selecting the right key opinion leaders (KOLs) and securing their contact information. Now, there are a few points to consider for the best possible outcome in your first contact. Our team has some tricks up our sleeves after many conducted KOL interviews across a wide range of therapeutic areas. Read on to learn how you too could succeed in the first contact with a KOL.

Read our post on finding the right KOLs here >

1. Be objective, but avoid generic messages

We have found that a general template describing who you are and why you are contacting the KOL should be avoided. Instead, open with a few examples of the person’s background or experience that has piqued your interest and made you think that this specific person would be a good fit to discuss your subject. This could be a publication, a conference speech, or a clinical trial in which the person was the investigator. Showing that you’ve done your homework and that there are specific reasons why the person is being contacted, among all the others, helps to improve your chances of success (i.e., a response).

2. Offer flexible meeting scheduling

Offering a wide range of time slots for the interview will give you better chances to score an interview. It goes without saying that a courteous interaction is respectful and appreciative of the time and expertise the KOL is providing. If possible, be open to adjusting your normal office hours to accommodate different time zones. In terms of meeting format, currently, most of the interviews are organized online, via Zoom or Teams, but you can also suggest other potential arrangements, such as in-person meetings, or phone calls.

3. Guidance on remuneration

Be prepared to face three different groups of KOLs: The first group is open to give you an interview free of charge and never mention payment; the second group expects to be paid for their time and expertise and will ask how much you would offer; and the third group has a specific set hourly rate for engagements like this. You can expect the price to range from 300 to 500 USD for a 45-minute meeting. We would, in general, recommend not mentioning remuneration in the first contact but instead leaving it for the KOL to bring it up. To date, we have not seen a difference in engagement where remuneration was offered upfront compared with instances where it wasn’t offered.

Want to know more?

Our team has experience with KOL interviews across many different indications and has a few tricks up our sleeves. Our sweet spot is where life science and business meet.

Get in touch >