IMS loses pharmacy data contract?

[Anonymous]

So, what's the scoop?

 

[Anonymous]

It was a big one, one that will certainly have clients questioning the data

 

[Anonymous]

It was a big one, one that will certainly have clients questioning the data

C, W or R?

 

[Anonymous]

Si si senor

 

[Anonymous]

Federal regulations will soon stop medical & prescription information collection and dissemination.

CVS has stopped reporting to IMS Health and will not renew any contract.

 

[Anonymous]

IMS data was never very accurate to begin with and now without CVS it's basically irrelevant.

 

[Anonymous]

IMS will be out of business in less than 5 years

Their data collection was never accurate.

Big pharma has begun dropping them.
Glaxo dropped them already.
JNJ next

and several mid and small companies are slated to not renew contracts.

 

[Anonymous]

Yes, no doubt thi is the beginning of the end of IMS.

Pharm reps know their data is bogus and pharm companies have been dropping their subscriptions.

Now with this debacle CVS will be turning the lights out on IMS and everyone and anyone involved investing money on this company is going to be holding a big old empty sack.

 

[Anonymous]

Verispan/SDI is a dog company but they do have data contracts. Is that the reason IMS bought them?????

 

[Anonymous]

Federal Regulations will soon prohibit this type of data collection.

Costco, Walmart, Target and several other medium sized pharmacy chains already DO NOT report data. And CVS is ending their contract now.

IMS is grasping for air but the writing is on the wall.

 

[Anonymous]

So how long has CVS not been reporting?

 

[Anonymous]

So how long has CVS not been reporting?

Since the middle of last year.

 

[Anonymous]

don't worry because SDI has some rock solid data contracts.There's ummmm. and then there is ahhhhhhhhhhh. oops my bad SDI has squat. we're doomed. doomed I tell ya.

 

[Anonymous]

CVS is back. The world did not end...lol

 

[Anonymous]

There is a small niche for patient level data but not at the cost of retaining all of the staff at SDI. Pharma is not going to pay for patient level data as a stand alone product. It needs to be incorporated into existing offers. The value to Pharma is not there anymore.
Verispan and SDI failed because of poor management but also because the client base dwindled to nothing. Don't fool yourself into thinking longitudinal data is going to bring in big dollars. This is reality.

 

[Anonymous]

cvs didnt report data for a whole two months, big deal. Percentage wise, IMS has the most data available. If you want to get paid on everything you sell go get a real sales job and stop promoting (yes i said promoting) drugs

 

[Anonymous]

cvs didnt report data for a whole two months, big deal. Percentage wise, IMS has the most data available. If you want to get paid on everything you sell go get a real sales job and stop promoting (yes i said promoting) drugs

faking data for two months and then charging clients is fraud!

 

[Anonymous]

Walgreens about to stop reporting too.

 

[Anonymous]

The Fraud has been going on for years.
The recent "fraud" about CVS began back in 2010.

Pharm companies are beginning to drop IMS as their representatives successfully suing them for multiple employment violations.

 

[Anonymous]

The Fraud has been going on for years.
The recent "fraud" about CVS began back in 2010.

Pharm companies are beginning to drop IMS as their representatives successfully suing them for multiple employment violations.

Dropping them for who??? WK??? That's would be a real joke. WK hasn't won any signficant business in over 10 years. They wouldn't know what to do with a new sales comp client.