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Pharmaceutical consultancy, Lifescience Dynamics, wins Queen's Award for Enterprise
Consistent and sustainable 100% growth based on overseas sales Success supports the trend in novel health technologies such as personalised, targeted, precision and regenerative medicines
By: Lifescience Dynamics
In the heavily regulated pharmaceutical environment, Lifescience Dynamics has the ability to engage with a vast, global network of experts to determine market opportunities - the type of market insight and intelligence that pharmaceutical companies cannot directly gather themselves.
"The success of the business is down to the team's ability to gather market data and intelligence to deliver actionable and impactful recommendations that are impartial, independent and considered,"
A changing healthcare environment
With so few blockbuster drugs on the horizon and many key disease areas well served by generics, innovation in the pharmaceutical market now focuses on precision and targeted medicine including biologics, regenerative and gene therapies.
"These novel treatments are expensive to discover, develop and produce, and it's often uncertain who, how, and when anyone will pay for them," says Rahmani. "In these increasingly niche and disparate markets, our pharmaceutical and biotech clients require a trusted partner for guidance and are increasingly reliant on deep and reliable market intelligence to ensure a smooth and successful introduction of new patents."
The company has seen exponential growth; having doubled in size from 2014 to 2015; and 2016 is predicted to grow at a similar rate. New offices are planned for US expansion in Boston, Princeton and Chicago.
"It is an absolute honour to be acknowledged with the Queen's Award," says Rahmani. "We compete on a global level every day, and we are winning."
The success of Lifescience Dynamics' recent growth correlates with the emphasis it places on hiring and training the best staff in the world. 75% of the organisation have PhDs and are recruited from the international pool of talent that is attracted to the UKs top universities. Rahmani attributes the fact that the UK and London is home to 10 of the top 100 universities, as a crucial success factor.
Beth Lowes, ROAD Communications