innovations during the drug
discovery phase.
We take a personalized and integrated approach to help our clients position their pipelines and companies for success offering a full range of development and commercialization services.
We are Halloran, a life science consulting firm, partnering to enrich your product development and business growth. We propel your organization further; positively impacting the health and wellbeing of patients around the world.
Situation
The average approval time often takes 10-15 years from Phase 1 to approval. The cost of drug development for sponsors ranges from $314 million to $2.8 billion. The milestone of submitting a New Drug Application (NDA) for approval by the U.S. Food and Drug Administration (FDA) is typically a high priority.
Considering the time and cost considerations, a small biopharmaceutical company with a targeted oncology pipeline approached Halloran Consulting Group (Halloran) requesting Development Program Management with regulatory expertise to assist with their first NDA filing to the FDA.
Challenge
The company received multiple regulatory designations (orphan, fast track, breakthrough designation, priority review and real-time oncology review) to accelerate their approval pathway. However, they lost their Development Program Manager, recently hired a Senior Vice President of Regulatory Affairs, and their internal development team was not fluent in NDA submissions.
As a result, the company had timelines that were not adequately managed, incorporated new resources that changed internal dynamics, and did not have a catalyst to propel development towards the NDA.
Solution
Halloran engaged the company by addressing their key internal infrastructure gaps relating to communication, governance, process, resources, tactical strategy, and timelines.
Halloran put the following infrastructure in place:
Results
The company evolved from a fragmented organization to an integrated unit propelled by proper planning, communication, collaboration, and high performance. This new framework enabled the team to successfully submit their first NDA to the FDA.
Program Management at Halloran
Halloran’s Program Managers define the strategy within their clients’ cross-functional teams and lead the development program through execution. Halloran’s interim Program Managers offer their clients a competitive advantage through their integrated insights and learnings from the development of similar types of products in the industry.
About Halloran Consulting Group
Halloran experts offer deep expertise in science and advanced knowledge of the development and commercialization lifecycle, leading clients through their most challenging business goals to achieve their greatest chance of success. Whether it is leading new company formation with a fully integrated development team at the ready, enabling investments with robust diligence or market assessments, or providing accelerated, durable development strategies for enhanced company value creation, Halloran is your development partner. Stay up to date on our latest insights. Follow us on LinkedIn.
Cited Sources
[1] PhRMA. ‘Biopharmaceutical Research and Development: The Process Behind New Medicines’.
[2] Terry, M. ‘The Median Drug Development Cost is $985 Million, According to New Study.’ Biospace, 2020.