Reduce Time and Cost in New Product Development Process

PortfolioMgmt


Challenge
Redesign the drug development process to reduce complexity, costs and time while improving success.

Approach
Detailed simulation of decision-making and processes and visualization to identify sources of inefficiencies and design/test a more flexible networked, portfolio-centric clinical development organization.

Outcome
Reduced the new product development process from a 40-month, $25M process to a process that takes 1-year and $2.7M.

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Technology

Testimonials

"Compared to a standard 40 months and roughly $25 million, ...[we] reached the same amount of technical success in a year and a day with a total expenditure on the order of $2.7 million."
--Neil Bodick, COO, Eli Lilly Chorus

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