The stakes are high for the pharmaceutical industry, with a constant demand for new treatments and drug discoveries. Companies are always working towards developing new treatments or acquiring promising assets. However, the long R&D timelines coupled with high attrition rates make it difficult to accurately assess the probability of success for compounds targeting new disease […]
Resource management is often the most overlooked aspect of R&D portfolio and project management. Despite its crucial role in ensuring project success, many organizations focus predominantly on project selection and prioritization, but neglect or defer addressing the complexities of allocating limited resources across multiple projects. This can lead to bottlenecks, delays and inefficiencies that not […]
In the life sciences industry, data is voluminous and complex, comprising everything from medical images to genomic sequencing, and wearable devices information to electronic health records. This array of data can revolutionize healthcare by enabling the discovery of advanced treatments, improving patient care, and predicting diseases. However, to efficiently use this data, it is essential […]
The relentless pursuit of breakthroughs in the life sciences industry holds immense potential to improve human health. However, research and development (R&D) activities can often leave a significant environmental footprint. The healthcare sector in industrialized nations emerges as an unexpected driver of climate change. It contributes nearly 10% of greenhouse gas emissions. This is where […]
Generative AI (Artificial Intelligence) comes with a promise of offering unparalleled opportunities to life sciences organizations. Yet, the success of the journey grips on how data ready is your company for gen AI. From improving drug discovery to enhancing trials and devising marketing strategies, there is a vast potential to take benefit from the use […]
Change management is a critical component for organizations and projects undergoing transformations be it process or technological. Not addressing changes can lead to disengagement, decreased productivity, wasted resources, ultimately leading to project delays. A well-structured change management plan enables organizations to navigate change smoothly, minimizing disruptions and increasing the likelihood of achieving desired outcomes. In […]
On average, it takes over 10 years and costs upwards of $2.6 billion to get a new drug from initial discovery to approval by regulatory bodies like the FDA. Moreover, processes like clinical trials are long, complex, and expensive that pharmaceutical companies must undertake to test the safety and efficacy of new medical treatments. A […]
