In this episode, we discuss the impact of 9/11 on the pharmaceutical industry, role of medical science liaisons, and importance of establishing uniformity in medical affairs competencies with Will Soliman, CEO of the Accreditation Council for Medical Affairs (ACMA). We explore challenges of implementing standardization, role of PBMs in drug pricing, and potential for unethical behavior in the industry.

(0:10) - 9/11 Impact on Pharma
(7:33) - Medical Science Liaisons
(12:13) - Establishing Uniformity in Medical Affairs Competencies
(17:58) - Barriers to Standardization
(21:13) - PBMs and Drug Pricing

(0:10) - 9/11 Impact on Pharma
In this episode, I speak with Will Soliman, CEO of the Accreditation Council for Medical Affairs (ACMA), about his background, the influence of his father, and the role of the pharmaceutical industry. Growing up in Jersey City, Will was encouraged by his parents to pursue a career in STEM, leading him to major in biochemistry in college. He discusses the impact of 9/11 on immigration policies and scientific output, as well as his early career as a pharmaceutical sales rep before transitioning to a medical science liaison role.

(7:33) - Medical Science Liaisons
In this chapter, we delve into the role of a medical science liaison (MSL) and the transition to managing MSLs. MSLs are the "Navy SEALs" of pharmaceutical companies, responsible for educating doctors about disease states and various products. They often have advanced degrees, such as MDs, PhDs, or pharmacy degrees. The conversation also highlights the move towards a more formal medical affairs function within pharmaceutical companies in the last couple of decades. The discussion then shifts to the entrepreneurial journey of founding a specialty pharmacy called US Pharmacy Lab, focusing on personalized service and compounding for high-end customers.

(12:13) - Establishing Uniformity in Medical Affairs Competencies
In this chapter, we explore the origins of the Accreditation Council for Medical Affairs (ACMA) and the need for a uniform competency standard in the medical affairs industry. The lack of consistency and potential compliance nightmares within pharmaceutical companies led to the creation of the ACMA, which now works with around 200 pharmaceutical companies to provide board certification and establish uniformity within organizations. We also discuss the importance of maintaining the integrity of the medical affairs profession and ensuring that medical affairs professionals have the proper competencies to interpret and present data accurately'

(17:58) - Barriers to Standardization (3 Minutes)
We discuss the challenges faced in implementing standardization in the pharmaceutical industry, including resistance from the "old guard" who feel their existing qualifications are sufficient. Despite this, there has been an overwhelmingly positive response to the push for standardization, as it is seen as vital to the industry's future. We also touch on the implications of the Inflation and Reduction Act, which requires drug manufacturers to pay the federal government if their prices increase faster

As of March 2025 HealthBiz is part of CareTalk. Healthcare. Unfiltered and can be found at the following links:

Spotify https://open.spotify.com/show/2GTYhbNnvDHriDp7Xo9s6Z
Apple https://podcasts.apple.com/us/podcast/caretalk-healthcare-unfiltered/id1532402352
YouTube https://www.youtube.com/@CareTalkPodcast
CareTalk website https://www.caretalkpodcast.com/

Host David E. Williams is president of healthcare strategy consulting firm Health Business Group.

Episodes through March 2025 were produced by Dafna Williams.

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