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“Cracking the Media
           Code”
Benefits of PR for BioTech
        Companies

          Shelly Gordon
     G2 Communications Inc.
       www.g2comm.com
      (650) 856-1607 -- off
      (650) 906-5698 -- cell
“THINK LIKE A WISE MAN
BUT COMMUNICATE IN THE LANGUAGE OF
THE PEOPLE”
                 William Butler Yeats
What is PR?
   Public relations seeks to identify, build, and
    maintain mutually beneficial relationships between
    an organization and the audiences upon whom its
    success or failure depends
   PR uses the media (editorial) to tell your company
    story & build your brand
   PR opens the door so customers are more familiar
    with you when sales comes to call
   PR is the best way to build credibility
       When investors, doctors and patients are aware of you they
        feel better about transacting with you
   PR is one of the most cost effective ways to
    capture mind share, make you stand out
What PR Is Not
   Free advertising for your products
   A rolodex full of media contacts who
    will write about your company
    whenever you call
   Being the star of NOVA, the cover story
    of Scientific American or Dr. House’s
    new favorite diagnostic tool!
Role of PR
   Develop & tell a story that sticks with the
    media
   Generate news to raise awareness and
    excitement among target audiences
       Potential investors, partners, customers
        (healthcare providers)
   Educate audiences to build understanding
       Articulate the unmet needs of the market
What Are Your Business
Goals?
   Map PR strategy on to business goals
       Funding
       Alliances
       Acquisition
       IPO
       Competition
       Reach customers… soften the market
PR divided into 3 Buckets
   Strategic planning
       Positioning and key messages
       PR plan – analysis, strategy, objectives, tactics
       Product launches
       PR campaigns to raise awareness, change
        perceptions
       Combat competition
       Positioning for IPOs
2nd PR bucket
   Written communications
       Company documents
            Backgrounders, fact sheets, bios, clinical papers
       Editorial documents
            Press releases, pitch letters, speaking
             abstracts, bylined articles, letters to the editor,
             case studies, POVs, Op-eds
3rd Bucket

   Media relations
       Build awareness through traditional and social
        media
       Convince the media your story is of value to
        readers, viewers and listeners
            Newspapers, online media, digital media, industry
             newsletters, blogs, radio talk shows, TV news, TV
             medical shows, Internet radio
            Articles by experts for the media
   Social Media
   Influencer relationships
   Speaking engagements
PR Basics
   Press releases – Generating News
       Show your company is making progress, achieving
        milestones of success
            Formation of company, vision for market, executive
             “stars”
            Funding rounds
            Clinical trials, PMA application submissions
                 Results of clinical trials published in JAMA
            New board members, speaking engagements at medical
             conferences
            Medical study that’s tangential to your product
Press Release Pitfalls
 Medical device and therapeutic press releases often read like an
  excerpt from a clinical research report
        Scientists say, ‘Here are our findings. Read it and believe.’
        Painful to read, lacks story
 It took researchers months (years?) of sweat equity to achieve
  the results in the study
        Translating it into simple language would diminish all the hard work
         that has gone into the research
        There is more concerned with the precision of language than
         effectively communicating the message
 Scientists think facts should speak for themselves
 However, scientists must build their cases for nonscientists
        “They need to tell personal stories, tug at the heartstrings of people who
         don’t have PhDs.”*
 Make it personal

*Wired Magazine, “Why Science Needs to Step Up Its PR Game,” May 24, 2010
Media Relations…
Pitching Your Story
   Develop human interest stories about your
    treatments, implants, diagnostics, etc.
       Start at the end point – patient benefiting from
        new endoscopic surgery
   Stories heighten awareness of the problem
   Stories educate patients
       Personal stories, case studies connect your
        product with patients in need
   Start with trades & local media to build a
    foundation about your company
Story Examples for Start-Ups
   You have a pre-market diagnostic imaging system that
    detects melanoma lesions at its earliest stages within
    minutes
   While the FDA prohibits you from making claims you can…
       Serve as media expert for related health trends and
        problems, i.e., indoor tanning, summer & sunscreen
            Newspaper health columns, beauty blogs, TV interviews, radio
             talk shows, Internet radio, comment and tweet
                  www.thedoctorstv.com/, WSJ Health Blog, NY Times “Well,”
       Share a specific story of someone who ignored pre-
        cancerous legion that turned into melanoma
            Include how your company is working to solve this problem
Tangential Stories About Your
Company
   What about the founders
       Turning CEO into rock star
   Genesis of the device
   Industry stories
       Biotech start-ups take development to
        Europe for faster PMAs
   Story about startup lessons learned
Using Social Media
   Amplify your reach, build a following
       Tweeting
       YouTube
       Commenting on relevant articles, blog posts
       Blogging
Use PR to Change Image
 Pfizer known more for heavy marketing of
  therapeutics
 Company conducted PR campaign to build
  trust, emphasize scientific prowess & good
  corporate citizenship
   Began offering scientists as media experts
   Publicized charitable donations
      Pfizer donated 200 million doses of Zithromax to
       International Trachoma Initiative (Trachoma is world’s
       leading cause of preventable blindness)
Timing for PR
   Communicating at the front end founders pitch the
    finer points of scientific research
       VCs
       Peer conferences
       Medical journals
   Move up to communicating to patients - science must
    be translated into simpler language
       Wall St. investors
       Science magazines
       Science reporters of daily newspapers
       Lifestyle media, television
Where to begin…
   Identify target media outlets, i.e., magazines,
    newspapers, verticals, horizontals
       What do your customers read?
            Medical Device Daily, Xconomy, The Gray Sheet, Wall
             Street Journal
            PharmaWire/Financial Times (HARO)
       Newspaper – sections
            Healthcare, business, lifestyle, local news
            Healthcare magazines
            Business, trade journals, lifestyle websites, digital media
       Broadcast
            News, public affairs, talk shows
Target media sources
   Read the masthead
       Learn journalists beats, what they write about
   Peruse editorial calendars in magazines
       Pre-scheduled features in each issue
   Target 2 to 3 journalists to start
       Learn what they cover – know what their readers
        care about
       Research the Internet to read their last few stories
Press interviews
   Front-load answers, stating the important
    facts first rather than building to a conclusion
   Never answer ambush questions directly
       Nothing gets reported after “but”
   Learn to direct the interview
   Talk in lay terms, use as little technical jargon
    as possible
   Keep the answers short; the longer you talk,
    the shorter the coverage
       A typical sound bite is 10 to 15 seconds

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PR for Healthcare Providers, Biotech & Medical Device Companies

  • 1. “Cracking the Media Code” Benefits of PR for BioTech Companies Shelly Gordon G2 Communications Inc. www.g2comm.com (650) 856-1607 -- off (650) 906-5698 -- cell
  • 2. “THINK LIKE A WISE MAN BUT COMMUNICATE IN THE LANGUAGE OF THE PEOPLE” William Butler Yeats
  • 3. What is PR?  Public relations seeks to identify, build, and maintain mutually beneficial relationships between an organization and the audiences upon whom its success or failure depends  PR uses the media (editorial) to tell your company story & build your brand  PR opens the door so customers are more familiar with you when sales comes to call  PR is the best way to build credibility  When investors, doctors and patients are aware of you they feel better about transacting with you  PR is one of the most cost effective ways to capture mind share, make you stand out
  • 4. What PR Is Not  Free advertising for your products  A rolodex full of media contacts who will write about your company whenever you call  Being the star of NOVA, the cover story of Scientific American or Dr. House’s new favorite diagnostic tool!
  • 5. Role of PR  Develop & tell a story that sticks with the media  Generate news to raise awareness and excitement among target audiences  Potential investors, partners, customers (healthcare providers)  Educate audiences to build understanding  Articulate the unmet needs of the market
  • 6. What Are Your Business Goals?  Map PR strategy on to business goals  Funding  Alliances  Acquisition  IPO  Competition  Reach customers… soften the market
  • 7. PR divided into 3 Buckets  Strategic planning  Positioning and key messages  PR plan – analysis, strategy, objectives, tactics  Product launches  PR campaigns to raise awareness, change perceptions  Combat competition  Positioning for IPOs
  • 8. 2nd PR bucket  Written communications  Company documents  Backgrounders, fact sheets, bios, clinical papers  Editorial documents  Press releases, pitch letters, speaking abstracts, bylined articles, letters to the editor, case studies, POVs, Op-eds
  • 9. 3rd Bucket  Media relations  Build awareness through traditional and social media  Convince the media your story is of value to readers, viewers and listeners  Newspapers, online media, digital media, industry newsletters, blogs, radio talk shows, TV news, TV medical shows, Internet radio  Articles by experts for the media  Social Media  Influencer relationships  Speaking engagements
  • 10. PR Basics  Press releases – Generating News  Show your company is making progress, achieving milestones of success  Formation of company, vision for market, executive “stars”  Funding rounds  Clinical trials, PMA application submissions  Results of clinical trials published in JAMA  New board members, speaking engagements at medical conferences  Medical study that’s tangential to your product
  • 11. Press Release Pitfalls  Medical device and therapeutic press releases often read like an excerpt from a clinical research report  Scientists say, ‘Here are our findings. Read it and believe.’  Painful to read, lacks story  It took researchers months (years?) of sweat equity to achieve the results in the study  Translating it into simple language would diminish all the hard work that has gone into the research  There is more concerned with the precision of language than effectively communicating the message  Scientists think facts should speak for themselves  However, scientists must build their cases for nonscientists  “They need to tell personal stories, tug at the heartstrings of people who don’t have PhDs.”*  Make it personal *Wired Magazine, “Why Science Needs to Step Up Its PR Game,” May 24, 2010
  • 12. Media Relations… Pitching Your Story  Develop human interest stories about your treatments, implants, diagnostics, etc.  Start at the end point – patient benefiting from new endoscopic surgery  Stories heighten awareness of the problem  Stories educate patients  Personal stories, case studies connect your product with patients in need  Start with trades & local media to build a foundation about your company
  • 13. Story Examples for Start-Ups  You have a pre-market diagnostic imaging system that detects melanoma lesions at its earliest stages within minutes  While the FDA prohibits you from making claims you can…  Serve as media expert for related health trends and problems, i.e., indoor tanning, summer & sunscreen  Newspaper health columns, beauty blogs, TV interviews, radio talk shows, Internet radio, comment and tweet  www.thedoctorstv.com/, WSJ Health Blog, NY Times “Well,”  Share a specific story of someone who ignored pre- cancerous legion that turned into melanoma  Include how your company is working to solve this problem
  • 14. Tangential Stories About Your Company  What about the founders  Turning CEO into rock star  Genesis of the device  Industry stories  Biotech start-ups take development to Europe for faster PMAs  Story about startup lessons learned
  • 15. Using Social Media  Amplify your reach, build a following  Tweeting  YouTube  Commenting on relevant articles, blog posts  Blogging
  • 16. Use PR to Change Image  Pfizer known more for heavy marketing of therapeutics  Company conducted PR campaign to build trust, emphasize scientific prowess & good corporate citizenship  Began offering scientists as media experts  Publicized charitable donations  Pfizer donated 200 million doses of Zithromax to International Trachoma Initiative (Trachoma is world’s leading cause of preventable blindness)
  • 17. Timing for PR  Communicating at the front end founders pitch the finer points of scientific research  VCs  Peer conferences  Medical journals  Move up to communicating to patients - science must be translated into simpler language  Wall St. investors  Science magazines  Science reporters of daily newspapers  Lifestyle media, television
  • 18. Where to begin…  Identify target media outlets, i.e., magazines, newspapers, verticals, horizontals  What do your customers read?  Medical Device Daily, Xconomy, The Gray Sheet, Wall Street Journal  PharmaWire/Financial Times (HARO)  Newspaper – sections  Healthcare, business, lifestyle, local news  Healthcare magazines  Business, trade journals, lifestyle websites, digital media  Broadcast  News, public affairs, talk shows
  • 19. Target media sources  Read the masthead  Learn journalists beats, what they write about  Peruse editorial calendars in magazines  Pre-scheduled features in each issue  Target 2 to 3 journalists to start  Learn what they cover – know what their readers care about  Research the Internet to read their last few stories
  • 20. Press interviews  Front-load answers, stating the important facts first rather than building to a conclusion  Never answer ambush questions directly  Nothing gets reported after “but”  Learn to direct the interview  Talk in lay terms, use as little technical jargon as possible  Keep the answers short; the longer you talk, the shorter the coverage  A typical sound bite is 10 to 15 seconds