ProcureCon Pharma 2018

March 13-March 15, 2018

Radisson Blu Zurich Airport

44 (0) 207 368 9465

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Best Practices for Successful Merger Integration in the Pharmaceutical and Biomedical Space - Sodexo

The U.S. pharmaceutical and biomedical sectors are experiencing a period of tumultuous mergers and acquisitions (M&A) as companies face pressures from financial investors to increase growth, and a changing healthcare system is shaping new business models. But many mergers often fail, largely because of sharp cultural differences in the merged companies.

An M&A must be well planned if its full value is to be achieved. Extensive research and experience have shown that effective integration requires top leadership to drive the transformation. A common vision and good plan are essential, communication with all stakeholders is a must, and cultural differences must be understood and managed.

With the extensive M&A activity breaking apart and recreating pharmaceutical and biomedical companies, we are seeing the future pharmaceutical company emerge.

Pharma company gets a strong dose of procurement excellence - Agile1

While globalisation has opened the doors for companies to expand their businesses across borders into new markets, these growth opportunities come with certain challenges.

Procurement Healthcare Challenges

In the current economic climate, Pharma companies are under growing pressure: companies have lost billions of dollars in annual revenue due to patents coming to an end, and have seen their market share eroded by cheaper generic drugs. As a result, some procurement organisations are facing severe
cost cutting measures.

Addressing these challenges is central to the role procurement plays within the business. 

In light of this we surveyed 100 healthcare procurement professionals from companies across Europe to find out their opinions on topics such as how to measure performance within procurement, the level of visibility over risk in the supply chain and the biggest problems faced when entering new markets.

Conference Report - ProcureCon Healthcare 2016

ProcureCon Healthcare provides procurement teams from Pharma businesses a time and place to benchmark, network and develop professionally.

Check out 2016 conference report for highlights of what happened onsite.