Tag: Executive Search

Medication Experts: Recruiting PharmDs for a Competitive Edge

Post author By Jenny Crutchlow
Post date February 18, 2025
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by Jim Alexander, PharmD

The number of PharmDs employed in the U.S. pharmaceutical industry has more than doubled over the past decade. This growth has been fueled by the recognition that PharmDs offer a valuable skillset to industry employers to help navigate new drug development projects that are increasing in number and complexity. These new therapies have created a heightened demand for specialized talent, including healthcare professionals and clinically trained pharmacist medication experts. As a retained executive search professional specializing in the pharma sector, I have seen how strategic recruitment of PharmDs can help drive innovation and provide a competitive edge for pharmaceutical companies.

As medication experts with clinical training, PharmDs are well-equipped to contribute to new drug development and commercialization, as well as optimal medication use in patient populations. The most common functional areas in which industry employers utilize PharmD talent include Medical Affairs (all aspects, including Field Medical), Clinical Development, Regulatory Affairs, Pharmacovigilance, Market Access/HEOR, and various Commercial functions including executive level management.

Currently, there are over 900 PharmD Fellows participating in U.S. Fellowships with 100+ industry employers, including most of the leading pharmaceutical companies. This represents 253% growth in the last decade, many times higher than overall industry employment increases during the same timeframe. Fellowship alumni represent about 25% of the 20,000+ pharmacists currently employed in the U.S. pharmaceutical industry. Still, the vast majority of PharmDs (around 15,000) employed in the U.S. pharmaceutical industry did not complete a Fellowship training program. They either secured an entry level role upon graduation, or more likely, transitioned into industry after some time in academic/clinical pharmacy or community practice.

Pharma employers have recognized the upward and lateral career mobility of PharmDs. Their versatile experience has propelled PharmDs to advance in their careers to leadership roles within the pharmaceutical industry, ranging from startups to biotechs to big pharma companies. In fact, more than 1,100 PharmDs are currently employed in senior leadership roles (Executive Director or higher) in the U.S. pharmaceutical industry.

As a retained executive search professional, I am committed to helping pharmaceutical industry employers unlock the full potential of PharmD talent. Strategically recruiting and integrating these talented professionals into industry roles can help drive the advancements that will shape the future of new therapies that improve patient outcomes and accelerate the success of the companies they serve.

Tags Biotech, Competitive Edge, Executive Search, Pharmaceuticals, PharmD, Recruiting, Talent Acquisition

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Empathy: The Heart of Life Sciences

Post author By Jenny Crutchlow
Post date February 11, 2025
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At Strawn Arnold, we have the privilege of working with incredible professionals in the life sciences industry. Many of these individuals are driven by a deep empathy for patients and their families, dedicating their careers to improving lives, advancing healthcare, and reducing suffering.

Empathy is not just a trait – it’s a powerful force that fuels innovation in our field. As we recruit and place these passionate professionals, we are reminded of the profound impact empathy has on our work and on the trailblazing companies we support.

In a time when empathy is needed more than ever, let’s celebrate and cultivate this essential quality. Together, we can create a more compassionate world.

Tags Biotech, Compassion, Empathy, Executive Search, Generics, Healthcare, Life Sciences, Medical Devices, Pharmaceuticals, Recruiting

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Spotlight: Celebrating Jim Alexander’s Dedication to Leadership and Mentorship

Post author By Jenny Crutchlow
Post date January 28, 2025
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We are excited to feature Executive Vice President, Jim Alexander, a 10-year veteran of retained search with Strawn Arnold with over 30 years in leadership roles in the pharmaceutical industry, academia, and professional organizations.

Jim is proud of his Midwest heritage and is an alumnus of the University of Nebraska where he earned his Doctorate degree in pharmacy. He began his career journey with Warner-Lambert/Parke-Davis moving through leadership roles on the commercial side, eventually rising to Vice President of Corporate Development and Licensing.

Jim moved to academia to become the first Director of the Rutgers Institute for Pharmaceutical Industry Fellowships. During this professionally rewarding 10-year period of his industry-focused career, he was responsible for the administration of the premier Post-Doctoral Fellowship Program for pharmacists and trained, mentored, and helped place hundreds of PharmDs who are now working throughout the entire pharmaceutical/biopharma industry. Jim is also the founder of the Industry Pharmacists Organization, the first professional organization designed exclusively for industry-based pharmacists, which has successfully evolved into a well-known PharmD talent pipeline for the pharmaceutical industry.

Jim entered the field of Executive Search to build on his passion for helping professionals advance their careers. “I really enjoy mentoring professionals, advocating for them, and helping them find the next role in their career progression. I feel fortunate to be working with great clients and the Strawn Arnold team has been an ideal home for my search career activities since the day I joined the firm 10 years ago.”

Jim’s passion for mentoring and his extensive contributions to the pharmaceutical industry have greatly enriched our team and clients. Join us in honoring his outstanding achievements and dedication at Strawn Arnold!

Tags Executive Search, Leadership, Life Sciences, Mentorship, Pharmaceuticals, PharmD, Recruiting

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Placement Announcement

We are happy to announce the placement of André Soresini at Apotex as Vice President, LATAM and Country President, Mexico. André’s exceptional leadership and vision have had a profound impact on the lives of patients across Latin America, inspiring everyone around him.

A big thanks to Apotex for trusting us with your talent needs. We are confident that André will be a valuable asset to your team and contribute significantly to your continued success.

Congratulations, André! Here’s to new beginnings and a bright future ahead!

Tags Executive Search, Generics, LATAM, Latin America, Mexico, Pharmaceuticals, Placement, Recruiting

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Celebrating 50 Years of Excellence at Strawn Arnold

Post author By Jenny Crutchlow
Post date January 14, 2025
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As we conclude our year-long 50th anniversary celebration, we reflect on the incredible journey that has brought us here. Over the past five decades, Strawn Arnold has been at the forefront of life sciences executive search, connecting visionary companies with transformative leaders.

Our success is a testament to the trust and collaboration of our clients, candidates, and dedicated team of search professionals. Together, we’ve navigated the ever-evolving landscape of life sciences, driven by a shared commitment to innovation, integrity, and excellence.

But this milestone is just the beginning. As we look ahead to the next 50 years, we are more excited than ever about the future. We will continue to leverage our deep industry expertise and unwavering dedication to deliver unparalleled results for our clients, candidates, and the patients they serve.

Thank you for being part of our journey. Here’s to the next 50 years!

Tags 50 Years, 50th Anniversary, Biotech, Executive Search, Generics, Life Sciences, Medical Devices, MedTech, Pharmaceuticals, Recruiting

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We’re Hiring!

We’re hiring a new Generic Pharmaceutical Portfolio Management Leader in United States. Apply today or share with your network.

https://tinyurl.com/mry3e7cu

Tags Executive Search, Generics, Leadership, Portfolio Management, Recruiting

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Honoring 50 Years of Excellence

Post author By Jenny Crutchlow
Post date December 10, 2024
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2024 marks a significant milestone for Strawn Arnold! For half a century, we have been dedicated to connecting top talent with leading life sciences organizations, making the leadership placements that drive innovation in the industry.

We extend our heartfelt appreciation to our incredible clients and candidates who have been part of our journey. Your trust and collaboration have been the foundation of our achievements. Together, we have reached remarkable goals and built enduring relationships.

As we celebrate this golden anniversary, we look forward to continuing our mission of excellence, integrity, industry expertise, and service. Here’s to many more years of successful partnership!

Thank you for being a part of our story.

Tags 50 Years, Anniversary, Biotech, Excellence, Executive Search, Generics, Gratitude, Life Sciences, Medical Devices, MedTech, Pharmaceuticals, Recruiting, Talent Acquisition

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Placement Announcement

We are excited to share the announcement that Alan Bash has been appointed as the new President of CARVYKTI at Legend Biotech. His extensive experience in oncology and leadership roles at prominent biotech companies, including his recent tenure as CEO at ZielBio, positions him perfectly to enhance Legend’s impact in the treatment of Multiple Myeloma. https://lnkd.in/eCKW6t3S

Congratulations to Alan and the entire Legend Biotech team from Strawn Arnold! We look forward to seeing the growth that will emerge under Alan’s leadership.

Tags Biotech, Cell Therapy, Executive Search, Hematology, Leadership, Oncology, Placement, Recruiting

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Strawn Arnold at 50 Years: Reflections and Lessons Learned Along the Way

Post author By Jenny Crutchlow
Post date November 13, 2024
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As we celebrate the 50th anniversary of Strawn Arnold and thousands of outstanding candidates placed at some of world’s most important companies, it’s a moment to reflect on the journey we’ve taken, the lessons learned, and the impact we’ve made in life sciences. This milestone is not just a testament to our longevity but also to the relationships we’ve built and the expertise we’ve cultivated over the decades.

Aligning Vision with Expertise

Mark Durham, one of our esteemed colleagues, encapsulates the essence of our mission: “As an executive search consultant in the life sciences industry, my role goes beyond filling positions. It’s about aligning vision with expertise to drive meaningful impact in healthcare and science.” This perspective highlights the importance of understanding the nuances of our industry—knowledge of regulatory environments, scientific advancements, and the specific skills needed for leadership are crucial in shaping effective recruitment strategies.

Building trust with both clients and candidates is fundamental. It’s about recognizing leadership potential that aligns with long-term innovation and growth. The satisfaction derived from connecting leaders with opportunities that advance science is what drives us every day.

The Importance of Clear Communication

Managing Director Jeff Ashpitz, with 26 years of experience in executive search, emphasizes a critical lesson: “The most important part of a search assignment is to clearly and crisply define the candidate requirements.” Ensuring alignment among the hiring manager, leadership team, and board is essential for a successful search.

Moreover, maintaining transparent communication throughout the process is vital. “Any bad news needs to be immediately communicated along with a plan to course correct,” Jeff advises. This principle applies equally to candidates; they deserve timely updates, especially if a client decides not to progress their candidacy. Good business practice is rooted in common courtesy, and we strive to uphold this standard.

Customization is Key

Reflecting on his transition into executive search, Partner Barry Duke, with over 30 years in BioPharma shares, “If you have conducted one search, you have conducted one search.” This statement underscores the uniqueness of each search assignment. While job descriptions may seem similar, the critical success factors can vary significantly based on therapeutic areas, company stage, and even the management culture.

Disciplined customization is essential. Detailed discovery work with clients before engaging candidates is a must. As our colleague notes, “It’s too easy to fall into the trap of assumptions.” By asking the right questions and listening closely, we can uncover the nuances that differentiate each search, ultimately leading to more effective outcomes.

Looking Ahead

As we celebrate 50 years in life sciences executive search, we are reminded that our work is not just about filling roles; it’s about shaping the future of the life sciences industry. The lessons learned over the past 50 years will continue to guide us as we navigate the evolving landscape of healthcare and science.

We are grateful for the trust placed in us by our clients and candidates alike. Here’s to the next 50 years of impactful connections, innovative leadership, and advancing the frontiers of science together. Thank you for being part of our journey!

Tags Biotech, Executive Search, Generics, Healthcare, Innovation, Leadership, Life Sciences, Medical Devices, Pharmaceuticals, Recruiting

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Talent Implications for 12 Trends in MedTech

Post author By Jenny Crutchlow
Post date November 5, 2024
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by John Groover

The MedTech industry is at the forefront of a technological revolution, driven by innovations that will advance healthcare delivery and patient outcomes. For companies building their senior leadership teams, understanding these trends and their talent implications is crucial for staying competitive and fostering growth.

P4 Technology

P4 technology (Predictive, Preventive, Personalized, and Participatory) represents a revolutionary approach in the MedTech industry. This paradigm shift focuses on predicting health issues before they arise, preventing diseases through proactive measures, personalizing treatments to individual profiles, and encouraging patient participation in their own healthcare. By leveraging advanced data analytics, genomics, 3D printing, and patient engagement tools, P4 technology aims to improve health outcomes and reduce healthcare costs.

Wearables, Biometrics, and Remote Monitoring

The rise of wearable devices and remote monitoring technologies is empowering patients to manage their health proactively. This trend is driving the need for executives who can oversee the development and implementation of these technologies, ensuring they are user-friendly and secure.

Machine Learning and Artificial Intelligence

AI and machine learning are revolutionizing MedTech by enabling predictive analytics, automated diagnostics, and personalized treatment plans. These technologies are enhancing the accuracy and efficiency of medical devices, creating a demand for leaders with expertise in AI integration and data science.

Augmented Reality and Virtual Reality

Augmented Reality (AR) and Virtual Reality (VR) are transforming the medical device industry by enhancing surgical precision, medical training, rehabilitation, pain management, and telemedicine. As these technologies continue to evolve, they hold the potential to significantly improve patient outcomes and change the way healthcare is delivered.

3D Printing

3D printing, also known as additive manufacturing, is revolutionizing the medical device industry by enabling the creation of highly customized and complex medical devices tailored to individual patient needs. This technology allows for rapid prototyping, reducing both the cost and time required to bring new devices to market.

Telemedicine

Telemedicine has become a cornerstone of modern healthcare, offering remote consultations and treatment options. Leaders with experience in telehealth platforms and digital health strategies are essential to navigate this rapidly growing sector.

Data Security

With the increasing digitization of healthcare, data security has become paramount. Executives with expertise in cybersecurity and data protection are vital to safeguard patient information and maintain trust in digital health solutions.

Health Equity

Addressing health disparities is a critical focus in our industry. Companies are seeking leaders who are committed to promoting health equity through inclusive product design and equitable access to healthcare technologies.

Supply Chain Resilience

The COVID-19 pandemic highlighted the importance of resilient supply chains. MedTech companies are investing in digitally enabled supply chains to enhance efficiency and adaptability. Leaders with experience in supply chain management and digital transformation are in high demand.

Sustainability

Sustainability is becoming a key consideration in MedTech. Companies are looking for leaders who can drive eco-friendly initiatives, from sustainable product design to green manufacturing processes.

Accelerated M&A

The MedTech industry is experiencing a surge in mergers and acquisitions as companies seek to expand their capabilities and market reach. Executives with experience in M&A and strategic growth are crucial to navigate this complex landscape.

Executive Compensation

In 2024, executive compensation in the MedTech industry is experiencing notable shifts, driven by a dynamic market environment and evolving performance priorities. According to recent surveys, total cash compensation for C-level executives has increased significantly. This trend is largely attributed to higher levels of incentive plan performance and the increasing complexity of the MedTech landscape. Additionally, the tight talent market, rising labor costs, and inflationary pressures are contributing to upward adjustments in executive pay. Companies are also placing greater emphasis on performance-based incentives to attract and retain top talent, ensuring that compensation packages are competitive and aligned with organizational goals.

What Kind of Leadership Will It Take?

The ideal executive for cutting-edge MedTech companies in 2025 is a visionary leader with a robust blend of technical expertise and strategic acumen. They possess a deep understanding of emerging technologies like AR/VR, AI, ML, and 3D printing, and are adept at integrating these innovations into healthcare solutions. Their experience spans digital health trends, including telemedicine and wearables, ensuring they can navigate and leverage these advancements effectively. They are committed to health equity and sustainability, championing initiatives that promote inclusive and eco-friendly practices. Additionally, they excel in managing supply chain resilience and data security, crucial for maintaining operational integrity. With a proven track record in accelerated M&A, they can strategically grow the company while designing competitive compensation packages to attract and retain top talent. Top leaders will combine innovation, strategic vision, and a dedication to improving patient outcomes, making them well-equipped to lead in such a fast-shifting landscape.

The future of MedTech is bright, with numerous opportunities for innovation and growth. However, navigating this evolving terrain requires a strategic approach to executive recruitment. By understanding the key trends and their talent implications companies can position themselves for success in this quickly changing industry. Partnering with the right retained executive search firm is crucial for identifying visionary leaders with the expertise and strategic acumen needed to lead in 2025 and beyond.

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