Pharmaceutical Company

Description

Novartis International AG is a multinational pharmaceutical company based in Basel, Switzerland. It is one of the largest pharmaceutical companies by both market capitalization and sales.

Novartis is structured to deliver innovative products, exploit global scale, and respond to new opportunities and risks. Its businesses – Innovative Medicines, Alcon, and Sandoz – are supported by functional organizations with global scale. R&D is at the core of the company and central to the Novartis strategy.

Key Challenges

Long development cycles

If the project portfolio becomes unbalanced, it must be rebalanced by investing in new vaccine development projects.

Huge R&D investments

For Novartis Vaccines & Diagnostics, which develops preventive vaccine and diagnostic tools, it’s crucial to effectively manage its R&D pipeline and vaccine investment decisions.

High chance of failure

In order to be competitive, Novartis sets strategic objectives for the timing and number of its commercial product launches. Having the right portfolio of vaccine development projects across the various stages of its R&D pipeline is key to achieving these objectives.

Solution

Vanguard’s solution

Vanguard System delivers an interactive web-based forecasting and optimization solution.

Progresses through Novartis virtual lifecycle

Using Vanguard Software’s simulation-based forecasting features, Novartis accurately models how each of the vaccines individually progresses through its virtual lifecycle.

Incorporate a wide range of risk and uncertainty assumptions

Novartis is now able to incorporate a wide range of risk and uncertainty assumptions about each vaccine development project such as stage/phase durations, costs, likelihoods of advancement, and the spawning of new projects.

Key Benifits

Quickly model different portfolio development scenarios

With Vanguard System, Novartis is now in a position to quickly model different portfolio development scenarios with associated costs based on operational, market, and financial assumptions.

Dashboard allows users to easily modify input parameters

Users interact with Vanguard System through an intuitive web interface where an assumptions dashboard allows users to easily modify input parameters.

Real-time web reports for global access.

The pipeline performance forecasts and optimized drug acquisition schedules are delivered as interactive and real-time web reports for global access.

Customer Feedback

“We had been using spreadsheets to model the process, but they could not handle the complexities of our business. We were being forced to simplify the models to the point of being inaccurate,” says - Dr. Joachim Schwarzkopf.