Oliver Wyman acquires Huron’s life sciences strategy consulting arm

09 November 2021 Consultancy.eu 2 min. read
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Oliver Wyman has completed the acquisition of Huron’s life sciences strategy consulting practice in the US, in its first deal since the double scoop of 8Works and Draw three years ago.

Last month, Oliver Wyman announced that it had agreed to purchase the life sciences strategy consulting practice of professional services Huron, adding a team of around 80 professionals, including 12 partners, to its healthcare and life sciences practice. Terms of the acquisition were not disclosed.

The acquisition advances Oliver Wyman’s strategic offerings in the life sciences space, including services such as commercial strategy, marketing, pricing, market access, and research & development advice. Oliver Wyman’s Life Sciences practice works with pharmaceutical, biotechnology, diagnostics, and medical device companies.

“The entire healthcare industry, including life sciences, is under tremendous pressure,” said Nick Studer, president and CEO of Oliver Wyman. “The past year has shown the transformative impact life sciences companies can have, and Oliver Wyman is committed to working with them to make lifesaving innovation affordable and accessible to all. This deal allows us to have an even greater impact on the healthcare industry.”

“Our new colleagues bring the expertise needed to help life sciences companies tackle their most pressing strategic questions, including increasingly complex commercialization and access-related issues,” added Sam Glick, Partner and Global Leader of Health and Life Sciences at Oliver Wyman.

Meanwhile, for the team transferring from Huron, “Oliver Wyman’s global scale and capabilities will help us holistically address the challenges of the life sciences sector,” said John Westwood, Partner and now the Global Life Sciences Business Leader at Oliver Wyman.

Back in 2018, Oliver Wyman closed the acquisitions of design thinking consultancy 8works (US and UK) and Draw (UK). Previous acquisitions include that of Avisa (2017), LShift (2016) and TeamSAI (2015).