Life Sciences & Biopharma
PORTFOLIO STRATEGY
Just as with your personal financial portfolio, companies need to revisit their allocations with regular frequency and rebalance based on market conditions and current and future estimates of product performance.
Effective portfolio management in the life sciences ensures that the organization can navigate the complexities of the industry, drive innovation, and ultimately improve patient outcomes while maintaining financial and operational stability. Effective portfolio management balances risks and fosters alignment between product mix, financial goals, and overall business goals.
Having a systematic process of overseeing and optimizing a collection of healthcare assets, projects, or investments to achieve strategic objectives and maximize value is a critical corporate activity. This can include managing a range of initiatives such as new product development projects, medical device innovations, or any combination of clinical programs and services.
Here’s what that can look like:
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Portfolio Assessment: The effective evaluation of a company’s product portfolio is the foundation for allocating resources and future priorities. Spinnaker rigorously assesses current product offerings using a data-fueled approach. We provide actionable insights and estimates of future revenue potential that allow you to make development and/or licensing decisions objectively and with clarity and confidence.
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Vision-Driven Portfolio Alignment: Your vision is your company’s compass and both your portfolio and opportunities you will consider have to align with that. We work to thoroughly understand our client’s strategic goals and collaborate closely with them to develop a portfolio that reflects and supports the overall strategic vision, capabilities, resources, and risk tolerance.
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Strategic Prioritization: Too often, companies make future portfolio decisions based on sunk costs and, as a result, increase the probability that the product portfolio will perform sub-optimally. Spinnaker partners with client leadership to prioritize opportunities and facilitate the allocation of resources based on future revenue potential and growth prospects, competitive intensity and dynamics, and future profitability. We help ensure that all of your projects align with the overall strategic goals of the organization.
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Opportunity Identification and Evaluation: Opportunities fuel growth but they have to fit with a company’s portfolio and be valued appropriately. We take a dynamic and future oriented approach to portfolio management, deploying state-of=the-art analytics to assess innovation and new opportunities.
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Portfolio Monitoring: What gets measured gets improved – and we take measurement seriously. Spinnaker utilizes leading-edge tools designed to accurately monitor portfolio performance relative to forecasted goals. We help you continuously monitor the performance of projects to ensure they are on track to meet objectives.