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What makes a good Pharma start-up?
Top pharmaceutical companies share a few common characteristics. According to McKinsey, the very best pharma start-ups provide superior experiences to all stakeholders, including patients, caregivers, and clinicians. Additionally, these pharmaceutical companies "reimagine processes to dramatically reduce costs and accelerate decision making."How do you grow a new pharmaceutical start-up?
Growing a new pharmaceutical start-up is hard work. But it can get slightly easier when you model your growth path after the top pharmaceutical companies that have come before you. It only takes one ground-breaking pharmaceutical development to change a product category forever.How to jump-start pharmaceutical start-up growth?
To jump-start pharmaceutical start-up growth, companies need to unlock major velocity in the early stages to provide proof-of-concept, secure funding, and demonstrate clinical safety for regulatory approval. There is no room for mistakes or suboptimal quality and compliance during early growth.