Time for a New Prescription

Adapting to the complexity of Biopharma operations

Ralf Otto, Alberto Santagostino, and Ulf Schrader, McKinsey & Company
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Biopharma is absolutely not for the fainthearted. That's the big lesson that many new entrants are learning after some bruising early experiences. Although biopharma is certainly one of the pharmaceutical industry's most attractive sectors, new players regularly trip over its many complexities. Whether they are financially strong contenders from related industries medical product makers, for instance or traditional pharma companies that are shifting resources toward biologics, the operational hurdles are the same.The hard fact is that biopharma operations are significantly more complex than traditional pharma operations, and they have little in common with the production…

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