Accenture Expands Strategy Capabilities in Life Sciences with the Acquisition of Bionest
NEW YORK, February 02, 2023--(BUSINESS WIRE)--Accenture (NYSE: ACN) has acquired Bionest, a strategy and consulting firm dedicated to addressing complex strategic decisions for leading biopharma organizations across innovative areas of science including precision medicine and diagnostics, oncology, cell & gene therapy (CGT), and rare diseases.
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Accenture has acquired Bionest, a strategy and consulting firm dedicated to addressing complex strategic decisions for leading biopharma organizations across innovative areas of science including precision medicine and diagnostics, oncology, cell & gene therapy (CGT), and rare diseases. (Graphic: Business Wire)
Headquartered in New York with a European office in Paris, Bionest's team of 46 scientifically-minded consultants, industry executives, and specialists will join Accenture Strategy in the Life Sciences practice. Bionest's focus on go-to-market strategy in life science's most exciting and challenging areas will broaden and deepen Accenture's capabilities.
Scientific and technological advancements are creating breakthroughs for patient health, resulting in more complex and personalized therapies. This New Science, a dynamic combination of the best in science and health technology, is expected to drive 81 percent of biopharma revenue growth. However, biopharma companies must also juggle increasingly complex commercialization challenges, patient access issues, and a changing regulatory and economic environment to achieve that growth. As a result, biopharma companies must constantly assess their go-to-market strategy to maintain a competitive edge.
Brad Michel, a senior managing director at Accenture who leads its North America Life Sciences practice, said, "Biopharma companies are shifting to New Science to drive more precise and effective ways to treat and care for patients in previously unattainable ways. Oncology, precision medicine, and cell and gene therapies will drive disproportionate growth while delivering differentiated patient outcomes in the coming years. The addition of Bionest's highly skilled team of experts expands our capabilities and will support our clients in bringing therapeutics to patients faster and more efficiently."
Bionest’s clients include both major established and emerging pharmaceutical and biotechnology brands, chiefly in North America and Europe.
"Complex areas of science require novel thinking when it comes to how businesses consider their go-to-market strategy," said Rachel Laing, Ph.D., Bionest leader and managing director. Melinda Kutzing, Ph.D., Bionest leader and managing director, added, "By joining Accenture, we'll be able to bring new capabilities to our clients through strategy development and operational execution in some of the most exciting areas of science."
Terms of the transaction were not disclosed.
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