While it's easy to group
specialty pharma reps with pharma reps, there is a significant earnings gap between the two types.
The investment firm plans to invest $ 10 million to $ 30 million
in specialty pharma, and medtech companies.
Gain position to utilize existing account management skill set in relationship driven sales
for specialty pharma, biotech or B2B «buy and bill» reimbursement to support sales force.
A tie - up between Takeda and Shire could signal a new era for
specialty pharma dealmaking, say analysts and investors, as interest in the sector intensifies again.
But the serial acquirers that defined the last decade
of specialty pharma dealmaking — Teva Pharmaceuticals, Valeant Pharmaceuticals, and Endo International — are no longer in the position to take on bigger deals, as they're all saddled with too much debt.
The investment syndicate includes complementary parties such as international investors specialized in orphan drugs and corporate investors from big pharma as well
as specialty pharma,» said Marc Martinell, CEO and co-founder of Minoryx Therapeutics.
In 2016, the US Treasury Department instituted a new measure that put an end to the $ 160 billion mega-merger between Pfizer and
Irish specialty pharma Allergan, a deal that was pitched as a way to help Pfizer cut its tax bill by moving its corporate headquarters to Ireland.
The environment for deals
among specialty pharma companies like Jazz has heated up since the beginning of the year.
EKR Therapeutics, a Cedar Knolls, N.J.,
specialty pharma founded in 2005, just raised an undisclosed sum in debt and equity financing in order to buy several heart drugs from PDL BioPharma, an unraveling biotech that is selling off assets in a restructuring.
Where possible, this report will separate these fields, but unless noted, pharma and
specialty pharma responses have been combined.
An ability to embrace technology can go hand - in - hand with the perception that you are up for the task of killing it in the world of
complex specialty pharma sales or medical device sales.
Pharma and
specialty pharma Field Reps, as well as those working on National Accounts and Business Development, earn an average total income of $ 116,973.
That deal cemented Actavis's rebirth as a branded and
specialty pharma company — or as CEO Brent Saunders said, a pioneer «in a new industry model: Growth Pharma.»
At $ 119,053, the 2014 combined average sales salary
for specialty pharma and pharmaceutical reps isn't quite as high as it was in 2012, though it is up 4 % over last year's combined average.
Pharma and
specialty pharma sales jobs with manufacturers pay, on average, 16 % more than those with distributors.
That's leaving entire areas open for the taking and Valeant —
a specialty pharma company that focuses on dermatology, ophthalmology and over-the-counter medications — which already has a strong foothold in emerging markets is poised to fill that void.
The specialty pharma industry has historically been an area filled with dealmaking but has been more subdued over the past few years.
«And so
the specialty pharma area around the rare disease, hemophilia, oncology, etc. are really where a lot of the investment dollars are going.»
The twist here is that PDL originally acquired one of those drugs, a high blood - pressure treatment called Cardene, when it purchased
another specialty pharma called ESP Pharmaceuticals in early 2005.
Robert Mittendorff, MD, MBA, Partner, Norwest Venture Partners Robert focuses on investing capital in venture and growth opportunities in the healthcare sector, including digital health and healthcare IT, technology enabled healthcare services, medical devices, diagnostics, and
specialty pharma.
Two - thirds of this quarter's underperformance can be attributed to two areas,
specialty pharma / generics and airlines.
The specialty pharma and generic investments, Valeant (VRX) and Endo Pharmaceuticals (ENDP), entered the portfolio more recently.
The business models of a small number of «
specialty pharma» companies, that have effected extraordinary price increases without offering any additional value to patients, has tainted the public perception of the entire sector.
That's created quite a few opportunities for value seekers, particularly in
the specialty pharma and biotech space.
While these are impressive numbers,
specialty pharma reps continue earning significantly more.
Reports specific to each of the main product types — medical / surgical device, pharma /
specialty pharma, capital equipment / DME, and biotech / biopharma — are also available.
Traditional pharma reps and
specialty pharma reps are different in that pharma reps usually call on primary care doctors, while specialty pharma reps call on specialists such as oncologists, cardiologists, or dermatologists.
A third of respondents sell medical (9 %) or surgical devices (25 %), and one quarter sell pharma (15 %) or
specialty pharma (9 %).
Of all the sub-categories of medical sales, pharma and
specialty pharma have the best balance of men and women; however, men still represent 59 % of all pharma respondents, and they out earn women by 14 %.
However, the results also indicate that pharma and
specialty pharma sales jobs do not typically require very much overnight travel.
While pharma and
specialty pharma sales jobs may not be the highest paying in medical sales, the numbers suggest these sales rep salaries are still impressive enough to attract solid talent to the profession.
The report says that
specialty pharma reps (who call on medical specialists that treat less common diseases and conditions) make more money than traditional drug reps who call on general practice physicians.
Despite paying average incomes on the lower end of the list,
specialty pharma jobs and pharma sales jobs have some of the highest rates of both job and income satisfaction.
Women working in pharma and
specialty pharma sales jobs earn 90 % of what men in the profession earn.
At $ 110,965 and $ 119,414, the average total incomes for those working in pharma and
specialty pharma are on the lower side of the spectrum.
Perhaps due to the increased complexity of the product,
specialty pharma reps earn significantly more.
Professionals working in pharma or
specialty pharma sales made up a combined 26 % of survey respondents.
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