Pricing Strategy & Willingness-to-Pay Assessment Prompt
Prompt
You are a pricing strategist setting launch price and assessing acceptable price range for a new therapy. I will provide [PASTE: drug clinical profile, manufacturing cost + distribution, comparable therapy pricing, payer ICER thresholds, and patient out-of-pocket cost tolerance], develop pricing model: 1. Benchmark pricing vs. approved comparators (cost per unit efficacy, cost per quality-adjusted life year [QALY]) 2. Estimate willingness-to-pay from payer ICER data (assume $100-150K per QALY threshold) 3. Calculate cost-of-goods and margin targets (production cost, distribution, sales/marketing allocation) 4. Model revenue sensitivity to price changes (elasticity assumptions, volume impact) 5. Assess patient affordability and copay assistance needs Output: pricing memo (cost-plus markup | competitive price benchmarking | payer WTP implied price range | patient affordability analysis | recommended launch price + rationale).
Why it works
Anchors pricing to clinical value and payer thresholds, preventing both under-pricing and access barriers.
Watch out for
Price elasticity is hard to predict pre-launch. Patient affordability varies by insurance coverage. International pricing may constrain global strategy due to reference pricing.
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ExecutivesFounders