Biotech Co. Launches Preemptive Transformation

Client Results Story

alt

Opportunity

Opportunity

Biotech Co. faced a tough challenge in the next three-five years: Operating margins were expected to be flat and earnings growth projected to decelerate, coupled with a limited near-term product pipeline and patents that were starting to expire. Bain partnered with Biotech Co. to overhaul the company’s organizational structure and operating model, R&D approach, customer-facing model, external spend and more.

Approach

Approach
  • Strategy/diagnostic: Biotech Co. used Bain’s Results Delivery® change management solution—including in-depth diagnostics and a battle-tested toolkit—to uncover opportunities and set transformation goals. 
  • Mobilization: Bain and Biotech Co.’s leadership team cocreated and launched 16 major initiatives addressing all aspects of the business.
  • Implementation: Bain and Biotech Co. set up a robust Results Delivery® Office to manage the transformation, prioritize initiatives and help the company achieve its objectives.

Results

Results

biotech - 1.5B


projected savings in the four years after transformation

biotech-results-47
gain in share price since transformation launch—vs. 21% for peer group


Related Consulting Services
Related Industries