Archive for March, 2009

Spectrum

Stem Cell Reversal is Boon for Biotechs

Monday, March 16th, 2009

This week brought with it a lot of excitement in the scientific community, as President Obama signed an executive order to bolster human embryonic stem cell research. In 2001, President Bush signed an order prohibiting federal spending for research conducted on non-existing embryonic stem cell lines, despite the great promise these cells have for curing disease, because the cell lines would be generated by destroying human embryos.

Before reversing the Bush administration’s policy, President Obama said, “Today, with the executive order I am about to sign, we will bring the change that so many scientists and researchers, doctors and innovators, patients and loved ones have hoped for and fought for these past eight years: We will lift the ban on federal funding for promising embryonic stem cell research. We will also vigorously support scientists who pursue this research. And we will aim for America to lead the world in the discoveries it one day may yield.”

His speech mirrored the balance of cautious optimism shared by scientists and patients alike, but his measured words did not stop biotech stocks from enjoying a bump in the stock market.  California-based Geron, the company that received the first FDA approval to begin clinical studies of an embryonic stem cell therapy earlier this year, saw a 20 percent jump in stock prices. Other biotechs involved in stem cell research, such as Maryland-based Neuralstem and California-based StemCells, Inc., also saw increases.

Even small, non-traded biotechs that are dependent on the dwindling pool of venture capital are likely to see a benefit from this news. By opening up federal funding opportunities to a broad range of promising embryonic stem cell research, small biotechs working with embryonic stem cells can seek alternative sources of funding, such as university collaborations and federal grants, just as the economic downturn is drying up VC spending.

Juhi Kunde, Science Writer & Senior Account Executive

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Katherine
Maynard

Web Managers Roundtable Brings the Buzz

Friday, March 13th, 2009

Last week, I attended a great talk by Tony Byrne, founder of CMSWatch. Sponsored by one of the best kept “secrets” in town, the Web Managers Roundtable, Tony’s talk focused on evaluating the ever expanding world of social media software — an area that is undoubtedly causing the biggest buzz in digital media these days.  So I sat down and prepared to learn more about everything from Pluck and Ning to JIVE and Drupal to eBlogger and Six Apart.

While new tools are being released almost everyday in a mad dash to help us connect with one another in new ways, I think what we need to remember is to take time to figure out what we want to accomplish from a business standpoint.  As Tony pointed out, there are a number of good tools for networking and others that foster collaboration, but very few tools provide us the ability to effectively network and collaborate.  A simple example of this is Facebook and the fact that they have no file storage.

These products are part of an emerging, yet immature marketplace without any real practice standards. Pilot testing a project takes on a whole new meaning and will prove to be invaluable as you work to create and customize the communications framework that best serves your organization.

As we continue to have clients that grapple with “how to” in the online world, and as the line between personal and business blurs, it is critical to take a step back, take a deep breath and really try to figure out what your business objectives are.  Then you must plan for your success – how you will continue to keep the conversation going, ensure that your content remains dynamic and up-to-date, and figure out internally who will actively cultivate the growing two-way relationship of your company with its audiences.

Also interesting was that according to recent studies, age is not necessarily the accurate predictor of the adoption of social media applications – it really depends on how social a person is off-line. Imagine that.

Katherine Maynard, Executive Vice President

 
Spectrum

Physicians Fighting Back Web 2.0, is it Worth it?

Wednesday, March 11th, 2009

As consumer rating services online move beyond reviews of the best and worst restaurants in town to the quality of medical care offered by physicians, thousands of doctors are fighting back, or at least trying.

Using a service that supplies physicians with end-user license agreements (EULAs) for their patients, some doctors are essentially asking their patients to sign a waiver and agree to what amounts to a gag order that prohibits them from posting comments – good or bad – on the Internet about the medical services provided.

“Consumers and patients are hungry for good information” about doctors, but online reviews provide just the opposite, said Dr. Jeffrey Segal, a North Carolina neurosurgeon who has made a business of helping doctors monitor and prevent online criticism. He added that some sites “are little more than tabloid journalism without much interest in constructively improving practices.” Segal said such postings do not provide patients with the information that is really important, which is a doctor’s medical skills. Some doctors also argue that such comments can unfairly ruin a doctor’s reputation.

John Swapceinski, co-founder of RateMDs.com, said that recently, six physicians have asked him to remove negative online comments based on patients’ signed waivers, which he has refused to do.

“They’re basically forcing the patients to choose between health care and their First Amendment rights, and I really find that repulsive,” Swapceinski said. He added that he is planning to post a “Wall of Shame” listing names of doctors who use patient waivers.

Although a “Wall of Shame” might be a bit extreme, it reveals the type of backlash that await physicians – or any person or group, for that matter – who try to control the principles and utility of the Internet. The Internet is not just a series of tubes, it’s one of the most powerful communication vehicles created, so it’s imperative to tread lightly and not get burned.

Honestly, I wonder what the physicians using EULAs hope to gain. Who is to say that dissatisfied patients will not post negative comments under aliases? Granted, a physician’s reputation can be harmed by negative comments, but that is true for any person or company in any industry.

Making people decide between health care and First Amendment rights is not the answer. EULAs are not the answer. If you are a good physician and have been affected by negative comments, fight back the right way – respond, converse and utilize the tools the Internet has to offer to protect your personal brand. No one can contain the freedom of speech, so speak back and be heard. If nothing else, you won’t have to worry about being placed on the “Wall of Shame.”

Chris Rottler, Digital Strategist & Account Executive

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