Pharmaceutical advisory boards deliver strategic inputs and direction on various marketing, clinical, payer and physician related issues that affect business operations. To maximize the return on investment, it is important for biopharmaceutical and medical device companies to structure their advisory boards effectively and invest resources optimally.
Best Practices, LLC recently undertook a study to establish benchmarks on effective advisory board management at small pharmaceutical and medical device organizations. The study provides leading insights and metrics on the appropriate structure for various types of advisory boards, selection of advisory board members, advisory board operational and resource benchmarks. It also highlights the top challenges, winning strategies and best practices in conducting effective advisory boards at small biopharmaceutical companies.
NOTE: Segmentation analysis was key to examining trends and effective practices. This research captures insights from the Small Companies Segment.