Eastwoods Consulting
Notes from the East Woods

musings on opportunities in the life science marketplace

   January 2011  
  
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Greetings!

Howling at your customers may work sometimes, but be sure to know what to say.  Please have a read and feel free to let me know what you think. 


Regards,

Paul Danis
Founder and Principal

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This Month's Features
- Coyotes and Customers
- Life Science Market Update
- About Eastwoods Consulting
Coyotes and Customes

Coyote

The other night, I bolted straight up in the darkness to the sound of people screaming for mercy. After a few seconds, I realized that it was not Charles Manson loose in the neighborhood. It was the wailing howls of a bunch of amorous coyotes.

They reminded me of the unrequited calls that some companies make toward their potential customers. All making the same appeal - choose me, choose me.  A few companies do stand out and succeed in building the needed relationships, but others end up fighting a fierce battle for the few remaining opportunities.

So what's the difference for those that walk off with the prize mate? The first thought is that the winner must have the loudest call or the smoothest tones. While that may help, the voice (aka message) is only a small part of the equation and is usually the final piece.


More importantly the alpha coyotes don't just have a pleasing serenade, but have demonstrated that they walk the talk. They have fended off other pack members and learned what it takes to win.

  • So how can you be the "alpha" business? Spend the time and work with the customers and understand their real needs, where they want to go, and what would help them get there. Secondly craft products and services that truly solve customers' problems, and big ones at that. Keep a close relationship with them so when the product is ready, it is a clear winner.
  • The head of the pack surely had some battles with their competitors in their rise to the top, and likewise all life science markets are very competitive. Even when no other competitor is in sight, customers usually have some sort of remedy to their problem. Moving them off this is often a daunting task. You will need to fight to show them that your offering is faster, smarter, more elegant, and saves them more time/money than the other guy's.
  • After you have the right products for your customers, then you can howl about it. Your call will sound different and be heard above the others. You have the products and the muscle to back it up.
So get your products right, join the pack and howl away. You too will earn the ear of the desired one and beat back the competition. And you probably won't wake the neighbors either.




Life Science Market Update

Index

Dec Value

Change 12mo.

12 mo. High

12 mo. Low

EC BioTools

827

25%

827

609

EC BigPharma

797

0%

801

696

EC Biotech

651

19%

651

523


All indices finished the year in a skyward direction, with BioTools posting a 12 month high and up 13% just in the last month. BigPharma and Biotech regained their high water marks from the spring freshet. M&A drove the big gains in Tools as Beckman is on the block and Dionex is shuffling off to the Thermo empire. In Biotech stocks were mixed and Intermune popped on the news of its lung drug Esbriet receiving a positive recommendation from European Medicine Agency. BigPharma had a nice ride as well with nearly all stocks up and Novartis, Novo, and Lundbeck up over 10% for the month.

EC BioIndex
December 2010


EC BioIndex


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Many of the life science indices currently available are a mixture of various types of companies. In order to better assess the situation in the different segments, Eastwoods Consulting has created these price-weighted indices for the sectors of large pharmaceutical companies, biotech companies, and life science research tools companies.
  •   EC BioTools Index - A, ACCL, AFFX, BEC, BIO, BRKR, CALP, DNEX, HBIO, HLCS, ILMN, LIFE, LMNX, PKI, QGEN, SIAL, TECH, TMO, WAT
  •   EC BigPharma Index - JNJ, PFE, GSK, NVS, SNY, LUN, ABT, LLY, AZN, WYE, BMY, NVO, BAX, TEVA, KG, ROG.VX
  •   EB Biotech Index - AMGN, GENZ, BIIB, CEPH, GILD, BMRN, AMLN, IDXX, ITMN, SEPR, PDLI, CPHD, ALKS, REGN, VRTX, THRX, HGSI, SGMO, NKTR
  •   Prices are taken at the close of each month.
     
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About Eastwoods Consulting
Eastwoods Consulting

Translating Innovations into Profits for the Life Science Industrysm

Eastwoods Consulting helps life science companies grow their businesses.  Please visit our web site or contact us to learn more about how we help companies succeed in competitive markets.
 


Copyright © 2010, Eastwoods Consulting. This publication may be freely redistributed in full or in part as long as full attribution including our contact information and web address, are included.  Eastwoods is a registered servicemark of Eastwoods Consultng.