Case Study: Global Drug Developing Company achieves better R&D portfolio planning with Vanguard Predictive Planning

Drug developer automates forecasting, optimizes R&D pipeline

a top-20 global drug developer needed to address complex challenges in its R&D pipeline, including massive monetary investments, high technical and regulatory uncertainty, and the difficulty of managing a portfolio of products at various development stages. Their existing system was time-consuming, inflexible for what-if scenarios, and could not provide the advanced analysis they required. They approached Vanguard Software for a solution.

Vanguard Software implemented its Predictive Planning system, which provided full-scale Monte Carlo simulation in a web-based, collaborative environment. This allowed the company to analyze potential outcomes for P&L line items and R&D spending, optimizing project selection and prioritization. The results included a 75% reduction in labor hours for data maintenance, improved cost-benefit and multi-year investment analysis, and the system became their primary tool for strategic R&D portfolio and financial planning.