Dr. Alexander Schacht is a drug development expert well known for Real World Evidence statistics. Having spent many years honing his craft at Lilly, Boehringer Ingelheim, UCB and others Alexander left full time employment for the adventurous landscape of independent consulting and small business. His podcast, The Effective Statistician, which just celebrated its 300th episode, […]
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LifeSciHub’s Net Performance Score (NPS), adapted from Bain & Co’s original Net Promoter Score, is a critical tool in the strategic use of non-FTEs. As a community of independently incorporated drug development experts, we have a wealth of experience to draw from in terms of characteristics of successful non-full time employee (FTE) engagements. Two issues […]
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Airbnb disrupted the hospitality industry. Uber disrupted the taxi business. These are examples of “platforms”: transformative, participative, non traditional ecosystems of supply and demand that efficiently match users to each other in order to make financial or social transactions and create value. Traditional companies are hierarchies dependent upon directive management and process silos. A platform […]
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An R&D SME’s Cautiously Optimistic Journey Into The Land Of HR- A Report From BioNJ’s HR Conference, September 23, 2022 As a regulatory and clinical operations SME I was a bit of a fish out of water at September’s BioNJ’s Pharmaceutical Human Resources Conference. Representing LifeSciHub, a network of independently incorporated experts from all across […]
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April 2021: US hub for a mid-sized ($1-10B US) Japanese pharmaceutical company had 3 open positions in Strategic Asset and Program Management (SAPM) in the midst of a hiring freeze, detailed description below. “Bob”, Sr. Director of SAPM and “Chris” HR Director of Flexible Workforce, launched a search involving 7 suppliers. There was an initial […]
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Head, Nonclinical Regulatory Writing Group, global top 20 pharmaceutical company, Sept 2022: “We have a weekly resource shortfall of 20 hours per week of senior level nonclinical expertise [must have: PhD toxicologist, 20+ years direct drug sponsor experience], 10 hours a week of eCTD Module 4 document formatting, and 10 hours a week nonclinical systems […]
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The tech enabled gig economy is causing the corporate world to probe at what British Economist Ronald Coase famously called the “Boundary of the Firm.” And it feels like a sore tooth. Corporations are hierarchies, and a hierarchy is all about belonging to a structure (tribe) that everyone- ideally- understands where they stand in the […]
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Strategic LifeSciHub Talent Pool Best Practices Despite the term “Talent Pool” becoming common, it is a new and revolutionary concept that has yet to be widely adopted to its fullest potential in life sciences. A thoughtful, strategic implementation of a Talent Pool can solve myriad expertise gaps, increase quality, efficiency, save budget, and enhance the […]
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When a CEO/CFO/COO (CxO) hears that 30% or more of the firm’s work is done by external resources, the reaction is rarely “that’s wonderful! We must really need all that help!” More like “are you kidding me? What the heck do we need all those people for? Who is authorizing that spend? Why aren’t our […]
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