Global pricing governance programme and resources for a biotech company
Development of a comprehensive process and suite of resources for the management and governance of pricing across the biotech company (including rollout and training)
Context
The Challenge
- A biotech company with a new innovative therapy for the treatment of an orphan disease required the development and implementation of a comprehensive programme and suite of resources for global pricing governance
- This included a detailed framework of processes/ activities across cross-functional teams, the resources for the ongoing implementation and review of the programme, and ongoing support with training/rollout across the team
Requirements
Project Objectives
- Development of a bespoke pricing governance programme for the biotech company, that reflects the requirement for robust processes within the constraints of a ‘lean’ global organisational structure
- Collaborate with team members across global commercial, market access/HEOR, and pricing functions and country affiliate teams to understand the practical requirements for the design/implementation of the programme
- Following the development of the process/resources, implement an ongoing rollout/training programme
Methodology
Our Approach
- The detailed process map for pricing governance was developed (based on insights on internal working practices/team structure), including the RACI framework
- Comprehensive resources for implementation were developed including templates, meeting schedules/ agendas, SOPs, KPIs and IT infrastructure
- A comprehensive training programme was developed, ensuring cross-functional understanding regarding the objectives/importance of the process and roles/responsibilities for implementation (with ongoing 6 monthly review/feedback with Lightning Health)
Outcomes
Value Delivered
- The client was highly satisfied with the pricing governance programme, reporting high value as part of the global launch planning/execution process
- Lightning Health was recognised as a highly collaborative partner throughout the process, ensuring that the bespoke programme developed was proportionate to the needs and capacity of the global team
- The pricing governance programme provided the basis for expansion of the global activities of the company
