Gilbert E. Forest Practice Group Leader, Boston
Biotechnology is seen as the great hope for producing effective new medicines. As the investigation of disease pathways and biomarkers becomes increasingly more important to the drug development process, pharmaceutical companies are targeting biotechs for acquisitions or partnerships more aggressively than ever before. In this environment, biotech companies need not only continue to innovate, develop, and commercialize, but also to determine their future in new ways.
Whether going it alone, partnering, or merging with a larger pharmaceutical company, biotechs have discovered a new importance in competencies that were previously less significant. While the ability to lead discovery and development has always been the elusive backbone of strong biotech companies, the underlying science is now even more critical.
What skills are needed now?
To master these challenges, leaders must learn to manage an increasingly diverse set of scientific disciplines coupled with a complex mosaic of pharmaceutical industry partnerships. Executive capabilities for team leadership and collaboration are in great demand and in short supply.
How can Egon Zehnder support the Biotech Industry?
We engage with our biotechnology clients through the following service offerings:
- Executive Assessment and Development (Talent Management, Team Effectiveness, Pre-Acquisition Due Diligence, Talent Mapping, Integration, Succession Planning, Development Plans)
- Executive Search
- Benchmarking Projects
- Board Search and Reviews
Our biotech and therapeutics expertise is largely unequaled. We have successfully brought creative external recruiting solutions to our clients, identifying the right candidate through our industry-leading methodologies in executive search, executive assessments, and board appointments. We also have experience in helping companies recognize, grow, and promote their own internal talent. Our Executive Assessment and Development solutions are a hallmark of our service model and focus not on search but on assisting our clients to develop the most appropriate and effective skills for their current employees and teams. In addition, we have a unique capability regarding the integration of companies pre- and post-acquisition or merger: we are able to identify the talent best suited to lead within the combined organization, to catalyze the new team to work together effectively, and to protect essential corporate investments.
How we operate
We work across the talent management continuum to provide insights to our clients through identifying and defining the necessary competency models for talent, developing capability in individuals and teams, and planning and recruiting for succession. Our consultants were all experienced business leaders before embarking on a career with our firm, and can therefore appreciate each client’s business problems and can ascertain how to reach the best solutions. Moreover, since our clients are headquartered throughout the world, our work is not confined to any geography: we operate without boundaries between our offices.