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Case Study 1 Boosting Market Share

Customer Situation

  • Customer was ready to launch three high-potential primary-care products in the same time frame
  • Speed was essential to achieve market penetration ahead of competitors' brands

Critical Issues

  • Customer's year-end sales forecasts were very aggressive
  • No provisions in the budget for increases in fixed headcount

The Innovex Solution

  • Build a second full-time Innovex Sales Force to independently launch the main product and provide additional promotional support to other major brands
  • Tailored Innovex training to fit specific product marketing parameters
  • Hired and trained 400 Medical Representatives in 14 weeks

Results

  • Reach, frequency and market share for both primary and secondary products were significantly increased
  • Newly launched product exceeded sales objectives by 245% and captured over 50% of the market in five months
  • Customer's projected return-on-investment was achieved within a short time period