Life sciences

The life sciences industry is experiencing a transformative era, driven by a convergence of exciting trends:

• Value-Based Care: Payers and patients are demanding evidence of the value of new therapies, leading to a shift from volume-based to value-based care. This presents an opportunity for companies to develop innovative treatments that demonstrate clear benefits for patients and healthcare systems.
• Prevention and Cure: Advances in genomics, precision medicine, and artificial intelligence are paving the way for therapies that can prevent or cure diseases, rather than simply manage symptoms. This shift holds immense potential to improve patient outcomes and reduce healthcare costs.
• Empowered Patients: Patients are increasingly informed and engaged in their healthcare decisions, thanks to greater access to information and digital tools. This trend empowers patients to take an active role in their health and wellness, driving demand for personalized and patient-centric solutions.
• Technology Integration: Technology giants are entering the healthcare space, bringing new capabilities and disrupting traditional business models. This influx of innovation has the potential to revolutionize healthcare delivery, improve patient experiences, and drive efficiency.

COVID-19 has accelerated these trends, highlighting the need for agility and innovation in the life sciences industry.

• KPMG's life sciences specialists are here to help you navigate this dynamic landscape. We bring practical, in-depth experience to consumer health, medical devices, diagnostics, and biopharma companies. Our global network of 4,000 life sciences professionals has supported all of the top 25 life sciences organizations and shares regular insights on trends, drivers, and key issues.
• We offer an end-to-end solution for life sciences companies, helping you:

1. Improve commercial capabilities and identify growth opportunities
2. Transform operations for greater efficiency and agility
3. Protect your business with expert risk management and compliance solutions
4. Provide tax advice to optimize your financial performance

• We leverage our digital, technology, and data analytics capabilities to enhance your competitive advantage and help you succeed in the new era of life sciences.

Contact us today to learn more about how we can help you thrive in this exciting and transformative time for the life sciences industry.

• Quality of care: We help our clients identify and understand best practice in the delivery of care. Together with clients and opinion leaders we have co-designed multiple transformational programmes to share and implement our findings. Our work spans a range of therapy areas and geographies with the focus on improving patient outcomes. 
• Commercial strategy, including product launch support: We help our clients maximise the value of their brands and products. This includes helping them launch innovative therapies. We provide our clients with the insights they need to localise their launch strategies.
  We also help them build solutions to accelerate and improve the uptake of their products. Our experience ranges from small molecules to biologics, as well as cell and gene therapies.

• Third-party risk management (TPRM): We help clients improve their TPRM programmes – from strategy and programme design, to technology solutions that provide a cost-effective and risk-based approach to managing third parties and continuous risk monitoring. Our TPRM solutions, including compliance audit methodology, have been developed specifically for pharma industry risk and compliance requirements.
• Financial Crime Compliance: We help clients develop and implement financial crime (including anti-bribery and corruption) compliance frameworks to mitigate risk and meet regulations. Our global forensic network brings best practice knowledge to help our life sciences clients manage financial crime risk and respond to regulatory enquiries.
• Sell side support: We help our clients identify non-core businesses and prepare them for sale. Our sell-side deal specialists use a tailored approach to maximise value and minimise disruption to clients, who include some of the top 20 largest pharma companies. We focus on value at each stage of the process, from evaluating the portfolio, through complex carve-out to successful execution.
• Global tax compliance: We work with some of the largest pharma groups to manage their global tax compliance. Our combination of centres of excellence, market-leading processes and technology platform make us the trusted provider for global tax compliance services in the pharmaceutical sector.