Friday, Apr 18th

Last update:06:21:53 PM GMT

You are here: Health Business Health Ralph Donnelly, Pharmaceutical Consultant
While the business climate for pharmaceutical companies has changed dramatically over the last five years, the business model has not.  Declining R&D productivity, rising costs of commercialization, increasing payor influence and shorter exclusivity periods all drive up costs, reducing expected returns on new investment. To restore healthy financial results, the industry is looking for new business models.

Ralph Donnelly has seen 20 years of consulting in the pharmaceutical industry ups and downs.  As president and CEO of R. Donnelly & Associates, Inc., he provides consulting to integrate FDA/regulatory compliance with improving productivity for FDA regulated industries. This takes many forms such as project management, facility construction and renovation, process improvement, validation services and quality systems development.

“Our biggest challenge is to keep up with FDA regulations, and provide value added consulting services to our biotech, pharma, medical device and our new dietary supplement clients. While we’ve taken a real hit with the downturn in the economy, we’ve had some positive takeaways from it,” says Donnelly. “Our focus has changed from supporting growth in these industries to maximizing integration of production and plant services to maximize their profits.”

Specifically, Donnelly states that many of our clients expansion programs and some non-regulatory requirements have been cut.  Also, some pharmaceutical companies production has moved to other countries. “While this hurt our business, this has also provide the motivation to rethink the business model and services ” Donnelly said. the original plan was to build a consulting firm that has value with it’s employee’s and client base.  “At one point I wanted to merge, but quickly found out that the economic downturn has changed the business model.  We need to never loose sight of company’s bottom line while growing.  Profitability must be maintained by continuously changing to meet the ever changing business climate.

For more inofrmation, please visit: www.rda-group.net

We recommend:
Errors Abound
Fixing the Thorny Issues of Medical Billing. Medical billing outsourcing companies have emerged as m
Nick Warnock, Finalist of The Apprentice creates Mobile Health Device
Consumer interest in mobile personal health monitoring devices has tripled in the past year, as ind
Charity Begins at CapitalQuest
Moving People to Give to a Good Cause. Global charities have grown in number in recent years, garner
A Receivables Expert Interested in Consumer Protection
An Obamacare requirement prohibiting hospitals from “engaging in extraordinary collection practic