The Life Sciences and Biotechnology sector faces a range of challenges and opportunities. Organizations in this industry face everything from product safety challenges, to regulatory actions that create financial and reputational risks, and challenges to the organization’s intellectual property that could limit or undermine a core product and impact the bottom line.
The life sciences industry operates in a highly competitive global marketplace with significant mergers, acquisitions, spin-offs, and strategic alliances being formed, reformed, and dissolved.
Research & development, along with centers of production, are challenged by natural disasters, cybersecurity attacks, other cyber risks, acts of terrorism and violence, workplace violence, and other disruptive activities that can have a significantly adverse impact on the organization’s operations, reputation, and financial results.
Companies in the life sciences industry require a significant investment in business continuity, crisis management, global security, crisis communications, workplace violence prevention, and disaster recovery. Plans must be strongly written and regularly exercised in order to protect the organization against known and unknown risks.
Life Sciences Case Studies & Results
Bryghtpath has extensive experience in the life sciences and biotechnology industry, including medical technology & devices, biopharmaceuticals, generics, and support industries.
- An international biopharmaceuticals provider approached Bryghtpath with assistance in rapidly maturing their business continuity & disaster recovery program. Bryghtpath developed a standardized approach for business continuity & disaster recovery for the provider rooted in the ISO 22301 Standard for Organizational Resilience. Bryghtpath implemented multiple programmatic elements at an enterprise level for the provider, including governance, business continuity & disaster recovery lifecycle, an exercise strategy, and an approach for continuous improvement.
- Bryghtpath was approached by an international medical device manufacturer to assist with their crisis management program following the catastrophic 2017 hurricane season. Bryghtpath developed the organization’s first enterprise crisis management framework, including a cross-functional enterprise incident management team. Bryghtpath led training with management and executives to the new program and conducted an exercise to validate the new framework.
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Our team has the experience, tools, and partnerships to help your organization successfully navigate the rough waters ahead – and ensure your organization is prepared.