Boosting Singapore’s position as a vibrant life sciences hub and epicentre of innovation for Asia Pacific
Singapore, 31 October 2018 — L.E.K. Consulting (“L.E.K.”), a global management consulting firm, today announced the launch of Asia Pacific’s (“APAC”) first Life Sciences Centre of Excellence. In partnership with the Singapore Economic Development Board (“EDB”), the L.E.K. APAC Life Sciences Centre of Excellence (“CoE”) will drive thought leadership and innovation to elevate the life sciences ecosystem in Singapore and the region.
Based in Singapore, the new CoE will help shape business strategies and public policies through a first-of-its-kind platform that will provide deep insights into the APAC life sciences industry — ultimately maximising the value of a dynamic global healthcare market. Market insights will include best practices from other markets, drawing upon L.E.K.’s core capabilities of research, benchmarking, modelling, analysis and strategy development.
“A rapidly-evolving healthcare environment, breakthrough scientific innovation, digital advancements, increasing global access and new business models are reshaping the life sciences space,” says Fabio La Mola, Partner, at L.E.K. Consulting. “These trends are forcing the life sciences industry to rethink their strategies. Through this new Centre of Excellence, L.E.K. is committed to helping the life sciences industry navigate these challenges, as well as the fast-growing yet diverse APAC landscape, successfully.”
L.E.K. will leverage its global expertise in the life sciences industry to develop and codify knowledge on the life sciences industry within APAC. The CoE team will compile, synthesise, distil, and disseminate knowledge and insights on current and future issues specific to the life sciences industry, and include a wide range of scientific disciplines such as epidemiology, biology, technology, digital, and genetics to enhance strategic solutions and positions.
“L.E.K.’s decision to establish its first APAC Centre of Excellence in Singapore reflects the growing regional demand for specialized advice for key growth sectors such as life sciences.” said Mr. Clarence Chua, Director, Hub Services, Singapore Economic Development Board. “The centre will be a valuable addition to our business-research ecosystem, and is an example of how global professional services firms can tap onto Singapore’s industry expertise and talent base as they grow their capabilities.”
The CoE will operate under the guidance of an external board of advisors consisting of leaders and veterans in the industry, academia, and the government appointed by L.E.K.. The distinguished panel of advisors includes:
- ASLAN Pharmaceuticals, CEO, Carl Firth
- Baxter, Senior Vice President and President APAC, Andrew Frye
- Galen Growth Asia, CEO, Julien de Salaberry
- Janssen, Company Group Chairman, Asia Pacific, Ai Hua Ong
- Medtronic, Senior Vice President and President, Asia Pacific, Chris Lee
- MSD, President Asia Pacific, Dorthe Mikkelsen
- Takeda, Area Vice President Asia Pacific, Gordon Cameron
The CoE will also leverage Singapore’s strong research ecosystem for the co-development of intellectual property, in collaboration with local partners such as universities and industry associations.
For more details on L.E.K. Consulting and the CoE, please refer to the appendix and visit www.lek.com/apaccoe.
About the Singapore Economic Development Board
The Singapore Economic Development Board (EDB), a government agency under the Ministry of Trade and Industry, is responsible for strategies that enhance Singapore’s position as a global centre for business, innovation, and talent. We undertake investment promotion and industry development, and work with international businesses, both foreign and local, by providing information, connection to partners and access to government incentives for their investments. Our mission is to create sustainable economic growth, with vibrant business and good job opportunities for Singapore. For more information on EDB, please visit www.edb.gov.sg.
About L.E.K Consulting
L.E.K. Consulting is a global management consulting firm that uses deep industry expertise and rigorous analysis to help business leaders achieve practical results with real impact. We are uncompromising in our approach to helping clients consistently make better decisions, deliver improved business performance and create greater shareholder returns. The firm advises and supports global companies that are leaders in their industries — including the largest private and public sector organisations, private equity firms and emerging entrepreneurial businesses. Founded in 1983, L.E.K. employs more than 1,200 professionals across the Americas, Asia-Pacific and Europe. For more information, go to www.lek.com.
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