Innovation strategy has rapidly become an area of interest as a top priority for life science companies. Biovativ draws on experience in strategy and operational excellence to build innovation frameworks, roadmaps and strategies that are uniquely relevant to each client’s business model and objectives.

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Innovation is an integral component of most strategic solutions for

• Increasing market share

• Creating value added services for various stakeholders

  • Patients

  • Health care providers

  • Payers

• Entering new markets

• Accelerating R&D

• Pipeline expansion

 

Our experience with innovation and technology in the life science space enables us to assess the best in class solutions for our clients and determine implementation time frames in addition to road maps and project management frameworks for efficient execution. Some of the most critical components for assessment in any innovation framework include:

• Due diligence

• Feasibility

• Opportunity prioritization

• Use case development

• User experience

• Project management

• Business requirements

• Functional requirements

 

At what point should companies look to external innovation?

Biovativ works with clients to understand their business models, portfolios and objectives prior to assessing the types of innovations that would be of greatest impact and where/when/how they can be utilized, from R&D to product launch/ market expansion.

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What innovations are out there?

Biovativ has the scientific and strategic acumen to effectively evaluate innovations in multiple categories (R&D platform technologies, companion diagnostics, data/ analytical platforms, pathways, mechanisms of action, etc.) and therapeutic areas for in-depth due diligence utilizing metrics of greatest relevance to client strategies. We look to industry current state and future trajectory to assess opportunities.

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How should companies incorporate external innovation opportunities into strategy?

Biovativ recognizes there are various avenues for engaging with external entities for the purpose of incorporating external innovation into strategy, including partnerships, acquisitions, other agreements. We work with clients to develop strategies for integrating innovation into existing client infrastructure and ways of working to optimize the investment value to clients and ensure the highest probability of success.