Challenges
Currently R&D organisations are under significant pressure as their productivity remains unsatisfactory despite massive increases in R&D spending and significant efforts to improve operational excellence. Due to the poor R&D results over the last couple of years, and given the fact that 25% of big pharma sales go off patent by 2012, immediate actions are required and the current business models have to be re-invented.
The R&D practice of the future will have to cope with:
- Increasing development and patient cost
- Safety as a key factor for confidence and trust
- Efficient pipeline management to improve output
- Appropriate intellectual property management to facilitate innovation
- Evolving stakeholder issues
- Multiple partnerships within the complete R&D value chain
Deloitte services offering
Deloitte can help life sciences companies:
- Improve R&D governance
- Focus on ways to accelerate the R&D cycle
- Optimise & manage their portfolio of intellectual property
- Streamline the different R&D process flows
- Improve safety management, risk management and diminish regulatory exposure