New study highlights talent needed to grow the biosimilars sector

24-May-2022

The RSA Group, a leading life sciences executive search firm, has published the latest of its Talent Equity Reports: Biosimilars 2022

The new report features interviews with leaders of biosimilars companies who give their unique insights into the challenges and opportunities facing this fast-growing sector and the leadership needed to grow the industry, including the power of creating strong in-house knowledge and evaluating where this talent already exists.

Kristian Juergensen, Chief Commercial Officer at The RSA Group, explained: “There are already several large and established biosimilars players. As treatment becomes more diverse and patient care more personalised, cost-effectiveness matters more. This could close opportunities for some new players. The time to invest in biosimilars is now and that starts with your talent portfolio.”

The report shows how as this industry expands and evolves, the leaders of today will drive the successes of tomorrow. The industry is seeing seismic shifts as pharmaceutical companies invest billions of dollars in acquisitions, mergers and organic growth. New technologies are coming forward as academic and biotechnology companies innovate, and talent is emerging from both channels.

The investment in biosimilars development and production is causing a paradigm shift in the way that patients can access life-saving treatments. Although the main goal is to lower the costs of biologic treatments, the biosimilars market is bringing a host of additional benefits.

By embracing technological breakthroughs and the benefits offered by biotech 4.0, biosimilars developers are not only delivering cost benefits through efficiencies and increased yields, but they are also offering new indications for greater market access, as well as more effective products with fewer side-effects.

Recruiting and nurturing talent is incredibly important as biosimilars continue their rapid evolution and as more diverse and complex originator products are released and fall into the biosimilars pipeline.

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However businesses choose to develop, manufacture, or sell their products, one thing is certain: developers will need a core team of highly experienced and educated talent to ensure market growth and create the leaders of tomorrow.

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