Do big Pharma need to re-address their key competencies?, Luigi Martini of Kings College London. A presentation by Luigi Martini of Kings College London at Pharma Integrates 2013, an event for senior management in the pharmaceutical industry created and run by Life Sciences Index.

1. 13.35 – 14.35
Do big Pharma need to
re-address their key
competencies?
Professor Luigi
Martini
Patrick
Crowley
Steve
Wicks
Kurt
Hertogs
Alex
Robertson

2. Current Situation
Recent news of Merck shedding a further 8,000 jobs, AZ relocation to Cambridge, Abbott
demerging and Pfizer perhaps demerging into separate business units
–
Is
the
monolithic
big
pharma
organisa2on
which
single
handily
discovers,
develops,
manufactures
and
markets
new
drug
products
under
one
roof
now
gone?
In 2007, a US 'think tank' discussed the Seven Key Skill Sets needed for the Pharmaceutical
Industry, as follows:
– Ability
to
manage
decentralised
intellectual
capital
resources
– Ability
to
work
in
Joint
Ventures
and
across
divisions,
cultures
and
countries
– Ability
to
integrate
an
understanding
of
IP
laws,
scien2fic
exper2se
and
strategy
– Ability
to
spur
crea2vity
while
managing
commercially
– Knowledge
and
insight
on
decision
making
dynamics
of
payers
– Exper2se
in
func2on
and
decision
making
of
regulatory
agencies
– HR
skills
to
help
transform
pharmaceu2cal
companies