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Reviving Carisma: The Blueprint for Biopharma Breakthrough

Carisma Therapeutics is a groundbreaking biopharmaceutical firm dedicated to advancing cancer treatment through its innovative cell therapy platform centered around engineered macrophages. Despite their cutting-edge approach, they encountered a stagnant period with dwindling sales, attributed to a primary focus on clinical endeavors with insufficient marketing support. In response, they enlisted NinjaPromo to rejuvenate their global market presence and bolster revenue streams.
Analytics
Paid Media
Graphic design
Audience Segmentation
Carisma

Goals

  • Enhance global market presence.
  • Increase company revenue.
  • Strengthen the connection between marketing efforts and sales outcomes.
  • Cultivate trust and educate the target market.

 

Customer and Competitive Research:

Our initial step was a deep dive into customer and competitive research to understand the market landscape and Carisma’s position within it. We conducted over 10 in-depth interviews with a range of Carisma’s internal stakeholders, including R&D scientists, sales leadership, and field application scientists. These interviews provided insights into internal perceptions, market needs, and the effectiveness of existing strategies. Additionally, we engaged in discussions with both existing and potential customers to gauge their expectations, needs, and experiences. An extensive competitive analysis was carried out, examining competitors’ strengths, weaknesses, and market positioning. This research was instrumental in identifying unique selling propositions for Carisma and understanding the messaging that would resonate with their target audiences.

 

Strategic Planning:

Leveraging insights from our initial research, we transitioned into strategic planning, focused on positioning Carisma as a leader in transformative cancer treatment solutions. We updated Carisma’s branding elements, shifting from product-focused to solution-focused messaging that emphasized real-world impacts and patient stories. A key part of our strategic plan was developing a comprehensive content strategy aimed at educating and guiding prospects through their buyer journey, with a focus on the long cycles typical of translational research. We updated the website with new landing pages tailored to the biopharma audience, initiated monthly newsletters, and planned a webinar series to establish thought leadership and build trust with potential customers.

 

Targeted Digital Campaigns:

Our targeted digital campaigns were carefully crafted based on audience segmentation derived from our initial research. We designed personalized email campaigns for distinct segments within the oncology research community, such as head and neck, breast, gastric, and lung cancer researchers. Each segment received content tailored to their specific interests and field of study, significantly increasing engagement rates. The campaigns were designed to drive traffic back to the newly optimized website landing pages, encouraging deeper engagement through downloads of scientific materials and participation in webinars. By continuously analyzing engagement metrics, we were able to refine and optimize the campaigns for better performance over time.

 

Sales Enablement:

Recognizing the uniqueness of each market, our sales enablement strategy was customized to address regional differences and align with the overall marketing strategy. We developed a suite of tools, including competition battle cards and FAQs, to equip the sales team with comprehensive information and responses to potential objections. We also created region-specific materials, understanding that the format and content that work in one region may not work in another. For example, while detailed documents were preferred in Europe, short, subtitled videos were more effective in China. This approach not only facilitated the sales process but also ensured that the marketing and sales strategies were coherent and unified across all channels and regions.

 

Curious about our approach?

Execution

  1. Conducted interviews and performed market analysis to understand the competitive landscape and customer needs.
  2. Rebranded Carisma’s marketing materials to highlight their commitment to transforming cancer treatment, involving real-world applications and patient stories.
  3. Developed and executed a series of targeted email campaigns, optimizing content based on audience segmentation and engagement metrics.
  4. Created and distributed educational content including webinars, case studies, and newsletters, focusing on immuno-oncology research and clinical trial best practices.
  5. Collaborated with sales teams across different regions, developing customized materials to meet diverse market demands and improve sales efficacy.
  6. Regularly reviewed and adjusted strategies based on analytics and sales feedback to refine the marketing and sales approach continually.

Results:

After implementing our comprehensive strategy for Carisma Therapeutics, we saw significant and measurable improvements across several key performance indicators over a six-month campaign period:
Carisma’s sales figures saw an uptick from $5 million to $5.9 million, reflecting an actual increase of $900,000, which underscores the effectiveness of our integrated marketing and sales strategies.
The number of marketing qualified leads rose from 500 to 600, an increase of 100 leads, indicating heightened interest and engagement with Carisma’s solutions from the target audience.
The introduction of biopharma-specific landing pages resulted in an increase in website visitors from 10,000 to 13,500 per month. Additionally, the average time on site improved from 2 minutes to 2 minutes and 30 seconds, while the average pages per session increased from 3 to 3.8.
With the addition of more than 8 new pieces of marketing content, Carisma saw a jump in content downloads from 1,000 to 1,400, showcasing the relevance and demand for these new resources among the target audience.
Targeted email campaigns, especially those aimed at breast cancer researchers, saw open rates increase from 1,200 to 1,740 out of 4,000 emails sent, while click-through rates increased from 240 to 488 clicks. This improvement signifies the success of our segmentation and personalization strategies.
The introduction of tailored sales enablement materials contributed to a decrease in the average sales cycle from 90 days to 76.5 days, equating to a reduction of 13.5 days across all regions. This not only facilitated faster sales conversions but also increased the efficiency of the sales process.

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