Proactive Procurement Strategies For Biotech With Tom Wells
Business Of Biotech
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Navigating Procurement Challenges in Biotech
This chapter delves into the hurdles faced by early-stage biopharma companies during their transition to clinical stages, focusing on the critical need for strategic procurement planning. It highlights how companies can manage resource acquisition effectively, even without a dedicated procurement team, by leveraging fractional consultants and simple procurement tools. The conversation emphasizes the significance of operational efficiency and responsible spending to enhance investor confidence and support future fundraising efforts.
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