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Outlining the important function of alliance management in the pharmaceutical industry.
October 16, 2024
By: Charlie Sternberg
Associate Editor, Contract Pharma
Players in the pharma industry can’t rely solely on their own R&D pipelines. Successful companies need to collaborate broadly, whether in the form of partnerships, licensing deals, or even potential mergers and acquisitions. This need for collaboration is driven by the necessity to develop new products quickly, reduce costs, and gain access to new markets while limiting risk exposure. However, despite the promises of collaboration, not every alliance can achieve its objectives. Alliances are complex and executing them successfully requires significant attention. This is where Alliance Managers come in. Every partnership is different, and a dedicated Alliance Manager can help to make a collaboration a success that meets the expectations of all parties. This article taps the insights of two experienced Alliance Managers, Lisa Cozza, principal consultant, Tunnell Consulting, and Allen T. Bolden, senior biopharmaceuticals professional, to explain the role of Alliance Managers and why they are important in the pharmaceutical industry.
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