Job of the future

Pharmacoeconomist

December 12, 2020
Duration: 03:19

The pharmacoeconomist intervenes in the development cycle of new products at the market access stage. He or she conducts economic evaluations and budget impact analyses. He or she compares, for example, the cost-effectiveness ratio of a new drug with existing treatments and may make the connection with the impacts for the systems in place.

Main duties

1. Design or develop biomedical equipment or procedures

2. Evaluate equipment or procedures (safety, effectiveness and efficiency)

3. Install adjust, repair and ensure technical assistance for biomedical equipment

4. Ensure training is provided to the users of biomedical equipment

5. Ensure technological and scientific monitoring

Initial training


• Bachelor’s degree in economics or in a related discipline
• Master’s degree in drug development (an asset)

Continuing education


• Council for Continuing Pharmaceutical Education

Innovative Pharmaceuticals
Contract Manufacturing Organizations (CMOs)
Contract Research Organizations (CRO)
Biotechnologies
Medical Technologies
Health IT / AI
Natural Health Products

Profile of required skills

TECHNOLOGICAL

n.s.p.

SCIENTIFIC
  • Demonstrate proficiency in the development cycle
REGULATIONS AND STANDARDS
  • Take an interest in the development of regulations
  • Know the regulations (SC, CEPMB)
RELATIONSHIPS AND SALES
  • Marketing et lancement de produit
  • Develop and maintain one’s network
MANAGEMENT
  • Bilingualism
  • Develop quality awareness
  • Manage priorities
BUSINESS INTELLIGENCE
  • Understand the economic and regulatory environment
  • Understand market access and drug price-setting methods
  • Master the principles of pharmacoeconomics and cost-effectiveness analysis
  • Understand the health care system in Canada
PHARMACOECONOMIST

Industry opportunities

 

Required profile

• Work experience (3-5 years) in public organizations or consulting services
• Cross-cutting knowledge of the industry

Prospects – Findings

Neutral outlook with reduced R&D investments, but advanced expertise needed to analyze profitability and market niche and curative products

Average salary
77 000$