Global Pharma

Iain McWhinney
The global pharmaceuticals industry was predicted to be worth in excess of $1 trillion in 2014, with equivalent compound annual growth rate (CAGR) of five per cent over the next five years.

Major pharmaceutical and biotech companies are deep in mergers, acquisitions, alliances and operational consolidation. These factors combine to bring associated project activity in the form of expansion, consolidation, repurposing and/or divestiture of underutilised or unwanted manufacturing and R&D facilities.

Outside of staffing costs, owning, operating and maintaining facilities constitute the largest expense faced by pharma companies. R&D and manufacturing projects are complex, technically sophisticated and executed under tight regulatory constraints. Traditionally there have been long lead times associated with bringing new or reconfigured facilities on line. As the industry demands increased efficiency, there has been a move towards adaptability and future-proofing from the outset, delivering facilities that can be efficiently and cost-effectively reconfigured as needed. This dynamic, together with the requirement to address portfolio rationalisation, is leading to exploration of new agile working solutions.

Faithful+Gould's challenge is to acquire and develop the talent needed to support these clients.

Exploring leaner ways of working, to ensure that the property portfolio and manufacturing capacity are fit for purpose and aligned with the business strategy, is a challenging task, demanding specific vision and skills that may be in limited supply within pharma companies' in-house teams. As a leading project management consultancy, Faithful+Gould's challenge is to acquire and develop the talent needed to support these clients. There is a consultancy services skills shortage in the sector, with increased competition for talent possessing the right skills. Project management professionals may view the sector as less attractive than high-end commercial property projects, until they experience for themselves the diversity and scale offered by pharma.

We provide proven project management services and have a detailed understanding of the whole asset lifecycle, encompassing operational as well as capital costs.

We provide proven project management services and have a detailed understanding of the whole asset lifecycle, encompassing operational as well as capital costs. We integrate our services alongside those provided by other members of client teams. Our professionals demonstrate flexibility and adaptability, due to the wide range of projects types and geographic scope involved. Our clients are multinational, with locations spanning the Americas, the UK and Europe, the Middle East and Asia Pacific. Our project managers therefore need to adapt to new locations, cultures and construction markets, often at a moment’s notice. We are responding to these challenges by investing in international capability, enhancing our skills base through recruitment and training of additional personnel from entry level graduates to sector specialists. In our experience, the sector's project challenges and complex property configurations demand professionals with strong domain expertise, as well as the ability to provide clients with our best practice integrated services.

To meet client demand, we're investing in talent for this sector at all levels, to build balanced teams and deliver these complex and rewarding projects...

Our global pharmaceutical and biotechnology group has over 30 years' continuous experience in the sector, helping clients identify optimal portfolio strategies to meet their changing business needs. We work closely with the world’s leading drug companies, including Amgen, Bristol-Myers Squibb, Genentech, GSK, Hoffmann-La Roche, Johnson & Johnson, MedImmune, Novartis, Pfizer and Sanofi. These relationships are the engine for strong sector growth across our organization. We have long-standing operations in the Americas, UK and continental Europe, Middle East and Asia Pacific, and our recently-opened office in Basel, Switzerland, supports our commitment to this global market’s key locations. To meet client demand, we're investing in talent for this sector at all levels, to build balanced teams and deliver these complex and rewarding projects – please get in touch if you’d like to know more.