Verispan Reports: $62 Million Gained or Lost Through Patient Switching in the Cholesterol Market for the Week Ending Oct. 3, 2003.Business Editors/Health/Medical Writers YARDLEY, Pa.--(BUSINESS WIRE)--Oct. 10, 2003 Crestor Cres·tor A trademark for the drug rosuvastatin calcium. rosuvastatin calcium Crestor Pharmacologic class: HMG-CoA reductase inhibitor Therapeutic class: Antilipemic Gains Over 5,400 Net Switches from Other Brands Based on Verispan's unique database of de-identified patient transactions, Vector One(TM) reports that over 76,000 patients - representing approximately $62 million in retail value(1) - switched therapy in the cholesterol market during the week ending Oct. 3, 2003. Among branded statins Statins A class of drugs commonly used to lower LDL cholesterol levels. Mentioned in: C-Reactive Protein , Crestor was the big winner with over 5,400 net switch gains (switches to the brand minus switches away from the brand). Switch gains and losses are examples of the True Patient Measures(TM) exclusively available from Vector One(TM) - the only service that projects patient metrics metrics Managed care A popular term for standards by which the quality of a product, service, or outcome of a particular form of Pt management is evaluated. See TQM. for the pharmaceutical industry. Vector One(TM) also projects traditional prescription metrics that are fully integrated with its True Patient Measures(TM). According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Vector One(TM), Crestor gained a 0.5% share of projected total retail prescriptions and a 1.7% share of projected new retail prescriptions for the week ending Oct. 3, 2003. As a result of Vector One's high-speed platform, Vector One subscribers have had this data for several days now, well in advance of competing services. Vector One(TM) customers received this expedited view of traditional prescription metrics at the same time they received Vector One's exclusive True Patient Measures(TM) for the same week. For example, Vector One(TM) reports that Crestor's share of true new patients in the class was 4.3%, while its share of switched patients was 13.2% -- over twenty-five times its share of total prescriptions. New and switched patient shares are highly predictive of future market share dynamics. Vector One customers also have exclusive access to this unique, powerful data at all levels from prescriber pre·scribe v. pre·scribed, pre·scrib·ing, pre·scribes v.tr. 1. To set down as a rule or guide; enjoin. See Synonyms at dictate. 2. To order the use of (a medicine or other treatment). to nation. Since its retail launch during the week of Aug. 22, 2003, Crestor has made significant gains in the market with over 8,800 prescribers having written prescriptions for the product and over 27,000 patients now using it. Crestor's gains have been fairly evenly split between patients coming onto cholesterol therapy for the first time (42% of the patients Crestor gained) and those switching from a previous therapy (51%). Vector One(TM) shows that Crestor is hitting some brands harder than others, even taking into account relative brand share. Vector One(TM) subscribers also benefit from exclusive insights about the patients and prescribers switching to and from selected products, including age, gender, location, concomitancy, co-morbidity, indication-specific use, titration titration (tītrā`shən), gradual addition of an acidic solution to a basic solution or vice versa (see acids and bases); titrations are used to determine the concentration of acids or bases in solution. , persistency and many other measures. Vector One's powerful new insights are quickly being adopted in the marketplace. "We are elated e·lat·ed adj. Exultantly proud and joyful. e·lat ed·ly adv.e·lat by customer response," says Verispan Chief Executive Officer Greg Porter. "We are already selling Vector One(TM) to almost all of the top 10 pharmaceutical companies and are pleasantly surprised by the pace of adoption at this early stage. Our customers are very excited by the speed of the results, and especially by the ability to view the same prescription transaction by true patient and prescriber metrics simultaneously." About Vector One(TM) Verispan's Vector One(TM) delivers the True Measure of Healthcare, projecting both traditional prescription metrics and True Patient Measures(TM) at every level, from prescriber to nation. These precise measures are delivered in record time for sales representatives and managers, brand managers and market research departments to act and make a difference. Reports are available each week for data through the previous Friday, and monthly reports are available 10 to 14 days post-period, a clear improvement over competitors' delivery timelines This article or section contains self-references. For other uses of "Timeline", see Timeline (disambiguation). The following is an index of timelines found on Wikipedia. . Vector One's True Patient Measures(TM) utilizes de-identified patient records to track patients across time, across pharmacies This article is a list of major pharmacies (also known as chemists and drugstores) by country. Australia Pharmacies in Australia are mostly independently-owned by pharmacists, often operated as franchises of retail brands offered by the three major , across payers and across providers, and to uniquely pinpoint projected new patient starts, product switches, continuing patients, indication-specific utilization, co-morbid conditions, concomitant concomitant /con·com·i·tant/ (kon-kom´i-tant) accompanying; accessory; joined with another. concomitant adjective Accompanying, accessory, joined with another use, titration, persistency and a host of other powerful metrics at the individual prescriber level. Since it includes data from 99% of the nation's pharmacies, the Vector One(TM) projection methodology accounts for activities that are invisible to competing services, which only cover 60%-70% of stores. Vector One(TM) projects third-party, Medicaid Medicaid, national health insurance program in the United States for low-income persons; established in 1965 with passage of the Social Security Amendments and now run by the Centers for Medicare and Medicaid Services. and cash activity with unparalleled precision, resulting in greater accuracy at the prescriber level. For more information about the Vector One(TM) suite of data solutions or Verispan's longitudinal lon·gi·tu·di·nal adj. Running in the direction of the long axis of the body or any of its parts. patient-centric database, please contact Jody Fisher at (800) 982-5613. Verispan: The True Measure of Healthcare Verispan, a healthcare informatics Same as information technology and information systems. The term is more widely used in Europe. joint venture of Quintiles Quintiles Transnational Corp. is a contract research organization which serves the pharmaceutical, biotechnology and healthcare industries. History Quintiles was founded in 1982 by Dennis Gillings and as of 2007 it has 18,000 employees. Transnational Corp. and McKesson Corp., provides a broad array of information products and services to the healthcare industry, including market research audits; healthcare profiles; comprehensive managed care products; primary market research; opinion leader mapping; data integration, warehousing and mining; data analysis and consulting; direct mail; list services; disease management studies; clinical trial investigator targeting and protocol recruitment evaluation; healthcare outcomes; and cost/benefit analyses, among many others. Verispan is also the nation's leading provider of patient-centric, longitudinal data, with dozens of products used by clients spanning the industry. Headquartered in Yardley, Pa., Verispan is comprised of over 500 dedicated healthcare information professionals. The company's Web site is www.verispan.com. (1) Estimate assumes each patient represents 10 TRxtotal prescriptions over 2 years with 80% margin on an average TRxtotal prescription cost of $101 per prescription. |
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