Business Development

Make the most of your life science business idea

Great science is not enough to create a successful life science company. It is a complex and often long way from idea to a product that will bring benefit to patients and revenues to the investors.

Business development cover a range of activities that will help you make the best possible decisions and shorten the way to your goal. It is of great importance to include a business perspective already early in the scientific and technical development process.

The team at Truly Translational has broad experience and offers advice and hands on support in the following areas

  • Strategic planning – business, scientific, translational, patents
  • Business cases
  • Business plans
  • Market research and analysis (with access to commercial databases)
  • Evaluations – market, scientific, patents

We can assist you in formulating answers to the following important questions:

  • What is the asset (product/project)?
  • What makes my asset competitive and commercially attractive?
  • Who is the intended customer/buyer of my asset?
  • Market?
  • Competitors?
  • What is the value of my asset?
  • Strategies to commercialize the asset?
  • Is there an optimal time point to commercialize the asset?
  • What needs to be done to reach the point when the asset can be commercialized?
  • Internal organization or outsourcing?
  • Financing?
  • Contracts?

We can also offer

  • Precision Medicine

    Precision medicine including biomarkers is an increasingly important part of drug development.

  • Strategic Project Plans

    A good idea deserves the best possible strategy so that the full potential of the project can be explored.