Life Sciences
With enormous recent advances in areas such as biotechnology and genomics, the Life Sciences sector is in the midst of an explosion of innovative health products.
Despite these opportunities, the sector is also undergoing a period of unprecedented change. Pipeline problems, funding shortfalls, Intellectual Property concerns and a restrictive regulatory environment pose significant challenges to life science companies. And if that were not enough, aging demographics and increased consumerism are leading to heightened demand for more effective health care at a much cheaper price – thus, further eroding margins.
To deal effectively with these challenges, life science companies must combine their bold visions for the future with an agile and customer-focused strategy. For pharmaceutical, biotech and medical device companies, this means accelerating the product development process by streamlining operations and filling up product pipelines by forming strategic alliances and joint ventures aimed at new product development.
Additionally, all life science companies need to address the public’s demand for ever cheaper products. Companies need to adopt strategic cost-cutting across the board – from operations and distribution to sales and marketing. They also need to embrace new analytical models such as combinatorial chemistry or high-throughput screening that aim to improve the efficiency of the R&D process.
Finally, life science companies need to develop strong IP strategies that take into consideration not only the life of the patent but also the post-patent life of the technology. As it stands, too many life science companies are unprepared and ill-equipped to deal with the post-patent onslaught of competition from manufacturers of generics.
In all of these areas, Evans & Evans can help life science companies implement solutions. As a full-suite business services company, we have worked with hundreds of life science companies, helping them to meet their objectives during the various stages of product and technology development:
- Discovery
- Proof of Concept
- Development
- Financing
- Intellectual Property Management
- Manufacturing & Logistics
- Marketing
- Commercialization
Evans & Evans’ services range from valuing a company’s intellectual property to capital formation services to helping senior executives with strategic planning. If you would like to find out more about how Evans & Evans can help your company, please contact us at info@evansevans.com.