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A Network of Biotech Experts at your Fingertips

Experience is key – KreaConnect offers a tailored and efficient solution to complement your development team with industry veterans. You can focus on the science, while we manage your program’s paperwork and technicalities.

challenges with large consulting firms

Challenges of working with large Consulting Firms

Finding a good consulting firm can present several challenges for biotech companies, given the specialized nature of the industry and the unique requirements of each biotech business. Some key challenges include:

  • Niche Specialization: It can be difficult for biotech companies to identify a consulting firm with experience in highly specialized niche areas. Large firms approach their client’s needs with standardized methodologies, which may not provide the flexibility required to address the unique needs of a biotech company.
  • Communication and Collaboration: Effective communication and collaboration may be lacking when working with large consulting firms. Various points of contact are typically engaged throughout the course of a program, resulting in potential miscommunications and program delays.
  • Cost-Effectiveness: Consulting firms are typically quite expensive, and smaller biotechs with limited budgets may struggle to find affordable options without compromising on quality.
  • Cultural Fit: A consulting firm must understand the unique culture and values of the biotech company it works with. A lack of alignment in values and goals can lead to ineffective collaboration.
  • Availability and Flexibility: Biotech companies frequently face demanding timelines and changing needs, requiring availability and adaptability in their approach. In most cases, larger firms handle numerous concurrent projects, making it challenging to deliver tailor-made solutions to individual biotech companies.

KreaConnect – Our Solution to your team’s requirements

Our platform matches individual consultants’ skills and expertise with biotech businesses’ unique needs. Seeking consultant guidance through KreaConnect can enhance the overall effectiveness and success of the drug development process. We pride ourselves on our ability to match the perfect consultant for each project, ensuring the success of a program from beginning to end.

  • Digitalized: We have optimized the process of connecting our consultants with biotech companies through a centralized digital platform called KreaConnect. Consultant registration to the platform is quick and simple. Our streamlined ‘Request for Consultation’ process lets us quickly identify consultants with the required expertise and availability to take on the project.
  • Team & Accountability: Our consultants will actively participate with the development team and are accountable for their deliverables.
  • Cost and Time Efficiency: Consultants can optimize drug development processes, helping to identify potential bottlenecks and streamline workflows. This may lead to cost savings and faster time-to-market for new drugs.
  • Prevent setbacks: Tap into the expertise of drug development veterans who can help you avoid setbacks based on their extensive experience.
  • Access to Resources & Networks: KreaMedica has fostered a strong community of biotech veterans; some are consultants, others are biotech executives, and in some cases, both at once. Consultants often have extensive networks within the pharmaceutical industry, providing access to additional connections and resources that can accelerate drug development efforts.
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Contact KreaMedica, if you…

  • Seek strategic and regulatory guidance.
  • Seek specialized knowledge and experience.
  • Have a new compound or unique treatment modality and need support to move things forward.
  • Are facing unforeseen study outcomes and need advice from an expert.
  • Need to prepare for and/or file a regulatory submission.
  • Don’t have time to search for expertise yourself.
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