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Bio-pharmaceutical Companies rely heavily on Advisory Boards for strategic inputs and direction on various marketing, clinical, payer and physician related issues that affect business operations.
Best Practices, LLC recently undertook a study to establish benchmarks on effective advisory board management at small pharmaceutical and medical device organizations. This study provides insights and metrics on appropriate structure for various types of advisory boards, selection of advisory board members, advisory board operational and resource benchmarks. It also highlights the top challenges, winning strategies and best practices in conducting effective advisory boards at small bio-pharmaceutical companies.