Global Launch Ambitions And The Continuous Paradigm Shift: A Strategic View From The CCO's Seat
Biotechnology enterprises face a complex balancing act when navigating the complex landscape of global commercialization: maximizing patient access while securing financial sustainability. Achieving this necessitates a strategic approach to global commercialization, moving beyond the traditional focus on the U.S. market. From a market size perspective, McKinsey's assertion that 35% of revenue from globally launched products emanates from markets beyond the U.S. aligns seamlessly with IQVIA's data on new medicine sales during 2016-2021.
Embarking on the journey as a Chief Commercial Officer (CCO) of a biotech or pharma company can be a daunting task, where the challenges are as invigorating as the rewards. Navigating the complexities of launching a medicinal product in a single country demands strategic prowess, yet the intricacies multiply exponentially when the goal is a simultaneous launch across multiple nations. Drawing upon his extensive experience as a seasoned CCO, Kyle Jenne has gleaned invaluable insights into the optimal practices for orchestrating global launches — a remarkable achievement that demands more than just ambition but also a deep understanding of the nuanced dynamics within diverse markets.
In a recent conversation with Kyle, we delved into the intricacies of two distinct approaches: out-licensing and establishing your own entity. Kyle speaks about his past experiences in commercializing assets for biotech and pharma companies. Here are some key insights and examples shared by Kyle on his experiences in commercializing products in Europe.
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