The Pharmaceutical industry is changing dramatically as it becomes more and more expensive to develop new drugs and to succeed in an increasingly competitive global market. This is exacerbated by new entrants disrupting the established players, increasingly challenging regulation, and against a backdrop of significant industry mergers. At the same time the demands of an ageing population, impact of chronic diseases, patients and customers becoming more demanding coupled with leaps forward in medical treatment mean the role of Pharmaceutical and health-care companies will only grow bigger presenting more opportunity and challenges.
To succeed in this environment productivity and innovation are imperative. Research expenditure needs to be increasingly targeted and now more than ever deliver results. Production and support services need to be even more cost effective to enable capital to be used more efficiently. Equally each business needs to be equipped to provide a more patient focused experience.
Our Advisors have worked for some of the world’s best known and leading Pharmaceutical companies. We’ve helped them to use innovation in their operations and their Sourcing arrangements to address the challenges of today. Increasingly digitalisation and analytics are becoming effective weapons in driving down costs be they applied in clinical trials, support services, production management or patient/customer interaction. We help Pharmaceutical companies to leverage these tools through Outsourcing arrangements and in their direct deployment in Shared Services and in-house operations.
We’ve have also helped Pharmaceutical firms to use Outsourcing as a tool to control and reduce IT spend, improve back office operations and support services making them more efficient and responsive, and importantly release capital for investment where it can add the most benefit to the business. – Talk to us.