Areas of Specialty
Our Areas of Specialty encompass a wide range of expertise, including business development, partner negotiations, leveraging intellectual property, strategic planning, and regulatory compliance. We bring our knowledge and insights to help clients navigate and excel in these key areas, driving their success in the ever-evolving landscape of life sciences, food, and nutrition.
1
BUSINESS DEVELOPMENT
Through various professional experiences, Life Science Strategies has developed an impressive network of colleagues and contacts that can be accessed for advice, expertise and advancing business relationships. This network consists of individuals in the life sciences, food and beverage, and veterinary health areas. Access to well placed subject matter experts and business leaders in these fields is an invaluable resource and can serve to considerably shorten the amount of time required to commercialize a product.
2
PARTNER NEGOTIATIONS
While some may view negotiating as a zero sum game, Life Science Strategies takes a different approach, keeping the bigger picture in focus. A strong foundation of trust is essential for truly successful negotiations. The key is that the parties are coming together for a reason—and in order for that goal to be realized, there must be mutual benefit.
3
LEVERAGING IP
The value of patents, trademarks and trade secrets can be underappreciated by developing companies. These IP assets can provide tremendous sources of competitive advantage and first-mover differentiation. Through professional experiences with both a rapidly growing biotechnology firm and an established global player in the food industry, Life Science Strategies has learned to take a thoughtful, holistic view of IP, carefully integrating these assets into the strategic objectives of an organization. Whether product or process patents, trademarks protecting iconic brands, proprietary trade secrets or IP related to data capture and protection, leveraging these assets can and should be critical growth drivers. Being intentional about both securing protection for and then leveraging IP can often mean the difference between slow and explosive commercial success.
4
STRATEGIC PLANNING
The importance of robust strategic planning cannot be overstated. In fact, developing companies often get into trouble by being laser focused on the present but failing to look ahead. Hiring too quickly (or too slowly); failing to manage cash; entering into unbalanced contracts; buying equipment; failing to secure patent/trademark protection and/or regulatory approvals …the list goes on. Life Science Strategies has learned how to develop short term, near term and long term plans, each of which is crucial. While there undoubtedly will be course corrections, having a detailed roadmap helps ensure a successful journey.
5
REGULATORY COMPLIANCE
Self-GRAS status. FDA No-questions letters. EU Novel Food approvals. Organic certifications. Safety dossiers. Health claims. There is no shortage of regulatory approvals required in order to advance business in the life science, food and beverage, and dietary supplement areas. Life Science Strategies has directed efforts to secure all of the above. As with IP, regulatory approvals can also provide significant competitive advantages and an important point of distinction. Life Science Strategies can help confirm that products have the appropriate scientific substantiation, support preparation of the required submissions, and meet with regulators in order to ensure compliance and secure approvals.
