Life Sciences

Industry Overview:

Our Life Sciences practice covers companies involved with medical devices, pharmaceuticals, biotechnology and patient care. Recent advances in technology are revolutionizing and radically changing the areas of medical diagnosis, treatment and condition management. The demand for better quality of life is never ending. At the same time, there is relentless cost pressure, increasing regulation and competition and shorter market cycles, driving consolidation and newer business models.

Trends:

The Life Sciences industry has to constantly reckon with regulation and the need for innovation. With products going off-patent and the ever increasing need to improve the quality of life for the world's poor, companies need to re-think their business models, their mission, the R & D efforts, the product pipelines and supply chains. Companies need to focus much more on their efficiency of operations and manufacturing excellence. The push towards more collaboration will continue leading to more cross-border alliances. There will be increasing emphasis on linking the lab to the market especially vis-a-vis serving the people at the bottom of the pyramid. Frugal innovation will become more mainstream and not just a buzzword.

The DestinHaus Approach:

In this crucial industry sector, we help companies handle issues such as

Developing an innovation culture that serves not just the rich Western world but the billions of poor people in the world.
Improving quality of life for all. Tapping into emerging markets.
Need for radical overhaul of the health care system in the US. The role of the private sector in developing innovative systems that make sense.
Attracting and retaining skills
Leveraging global M&A, Joint Ventures, Alliances. The need for a new paradigm.