Open Medical Consulting is a premier strategic advisor to the life sciences industry. Our clients choose us to advise them on their most important corporate, business unit, franchise and product strategic decisions, and ask for our help in solving their most difficult issues. We advise 19 of the top 20 global pharmaceutical and biotech companies, financial sponsors and other leading and innovative healthcare services including generic drug, medical technology, contract services, tools and diagnostics companies.

Biopharma & Life Sciences Overview

Open Medical Consulting’s global team of life sciences professionals has expertise across all major industry segments and therapeutic areas, advising clients at every life cycle stage. With a reputation for solving complex issues and helping clients create lasting value, AKT helps life sciences and pharmaceutical executives with their strategic decision making to develop winning strategies in a dynamic global healthcare market.

Open Medical has completed thousands of engagements across the biopharmaceuticals, life sciences and healthcare ecosystem, and our practice is a recognized global market leader with local market expertise in America, Europe and Asia. We offer extensive insight into the entire healthcare ecosystem, including medical-device companies, and healthcare providers and payers. This provides us with a valuable perspective and makes us uniquely qualified to help our life sciences clients with a broad range of strategic issues. At AKT, we provide unrivaled support in the areas of:

  • Branded drugs
  • Diagnostics, personalized medicine and healthcare decision support
  • Generics, reformulations and biosimilar drugs
    • Consumer/OTC medicines
    • Contract services (CROs, CMOs, etc.)
  • Life sciences tools

Areas of Practice

Open Medical Consulting’s diagnostics clients call on us to address key strategic issues and deliver value-creating growth. Our experience in diagnostics is extensive and our approach is multidisciplinary. Our diagnostics experts work with clients at the nexus of molecular, clinical and economic data that is created for Big Data-enabled support solutions. We have helped clients address critical issues across the diagnostic continuum from sample collection, to testing and analysis, to coverage and reimbursement.

Open Medical Consulting’s life science tools and technologies clients depend on us to provide value-creating growth.  We have helped clients across a variety of tools and technologies achieve their goals.

Pharmaceutical and biotech companies turn to Open Medical Consulting to develop optimal, value-maximizing strategies at the corporate, business unit, franchise and product level. Open Medical Consulting’S provides clients with a full range of support — from development to post-launch — that will allow them to reach their goals.

Services

Open Medical Consulting combines strategic acumen with extensive industry insight to help clients enhance business performance and gain market share via our service offerings – Strategy, Mergers & Acquisitions (M&A), Marketing & Sales and Strategy Activation.

Service &Sample Service Components

  • Industry trends and evolution
  • Growth opportunities analysis
  • Strategic planning
  • Therapeutic area & life sciences sector diversification
  • International expansion & market access strategies
  • Portfolio planning:
    • R&D
    • Marketing
  • Innovation strategy
  • Virtual organization and outsourcing strategies
  • Governance and process design
  • Shareholder value creation
  • Market sizing and segmentation
  • Product evaluation:
    • Attribute testing
    • Target product profile development
    • Market share assessment
    • Performance thresholds
    • Revenue forecasting
    • Financial modeling
  • Competitive positioning
  • Pricing and reimbursement
  • Manufacturing planning
  • Launch planning
  • Commercialization options
  • Sales force optimization
  • Life cycle management
  • Global expansion – mature and emerging markets
  • Performance improvement:
  • Relative cost position
  • Business processes
  • Turnarounds
  • Organization and design
  • Operational effectiveness
  • Measurement & incentives
  • Cost reduction:
    • Overhead / SG&A
    • Inventory optimization
    • Sourcing and procurement
  • Supply chain management:
    • Role of technology
    • Planning and execution
    • Alignment with channels
    • Globalization
    • Distribution / cold-chain management
  • Target screening and identification:
  • Companies
  • Products
  • Partners
  • Bidder screening and identification
  • Vendor due diligence
  • Commercial due diligence
  • Fairness opinion
  • Litigation support and expert testimony
  • Negotiation and term sheet support
  • Post-merger integration