i-Pharm Insights: Top 5 Drug Development Trends of 2023

In this vibrant season of change, we're excited to bring you the latest updates and valuable insights from the dynamic world of Life Sciences.?

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Top 5 Drug Development Trends of 2023?

As we move towards a technologically advanced future, many industries are seeking innovative ways to adapt - The pharmaceutical industry is no exception, with drug companies striving to keep up with the latest trends.

The drug development process is being revolutionized by various factors, including the development of AI technology and the increasing shift towards personalized medicine.

In response to the industry's projected spending of 3 billion US dollars on AI in drug discovery by 2025, pharmaceutical companies are making efforts to evolve with the times. While the COVID-19 pandemic caused significant disruption in the drug development sector, it also urged companies to adopt new, technologically driven pharmaceutical manufacturing methods that are still in use today.?

In this guide, we explore 5 of the top trends that are significantly impacting the drug development sector. ?

What Is the Drug Development Process??

The pharmaceutical industry's goal is to create safe and effective drugs through rigorous development processes. They produce cancer treatments, antibiotics, and vaccines that help people live healthier lives. However, challenges like skills shortages and rising costs threaten their success.

To continue succeeding, the industry must hire and retain high-quality candidates for each stage of drug development.

This guide examines the process and top jobs associated with each step.?

Mastering Your Approach and Becoming the Top Applicant in California's Biotech Industry, with Daniel Rose .

As i-Pharm has grown on the West Coast we have maintained one key principle; always think about how you are creating value for your partners. This is a principle I always talk to my candidates about, always.??

We can worry about elections or interest rates abating but the reality is that throughout all situations California's biotech industry is a hub of innovation and opportunity.?

In such a competitive environment, positioning yourself as the best applicant for a job requires a strategic and multifaceted approach. Below, we delve into a few ideas to help you;?

1. Networking with Purpose: In the biotech industry, networking can be your golden ticket to landing your dream job. Attend industry-specific events, conferences, and seminars. Connect with professionals through platforms like LinkedIn. Engage in meaningful conversations, share insights, and seek out mentors who can guide you. Building authentic relationships can lead to job opportunities that are not publicly advertised.?

2. Leverage Referrals: Employee referrals are highly valued by employers. If you know someone within a company, leverage that connection. They can provide insights into the company culture and potentially refer you for a position. Referrals often receive more attention from hiring managers, giving you a competitive edge.?

3. Avoid Relying Solely on Job Adverts: If you look at the roles on LinkedIn you will note that there are hundreds upon hundreds of applications. A few weeks ago, we had one role that had over 1000 applicants..! LinkedIn also has an algorithm built in that is deciding whether you might be right or wrong. So, you might become “archived” but never know. Essentially, I can compare this method to needing to buy a house but only doing it if you win the lottery. Of course, you could get a job via an advert but the chances in this market space right now are tiny.?

4. Partner with Specialized Recruiters: I know, I am biased! However, specialized recruiters who focus exclusively on the biotech industry and focus specifically on a niche can be invaluable. They have insider knowledge of the specific space, access to unadvertised positions, and established relationships with hiring managers. Working with a reputable biotech recruiter can streamline your job search.?

5. Learn to Sell Yourself Verbally: Lots of people I speak with find this challenging. Are you able to succinctly pitch yourself and your skills? Think about how you are creating value with soft skills as well as technical skills. In this market, you need to be specific about what exposure you have had and what skills you can immediately utilize from day one. Do not try and pitch yourself across the board trying to cover everything.?

6. Be succinct and specific in your CV: Instead of thinking about fitting everything on one page. Think about each role and be specific about the skills used, and your exposure, and specifically discuss the pipeline you worked on and how you impacted it.

7. Monitor Company News: Before applying to a company, thoroughly research it. Familiarize yourself with its recent achievements, projects, and challenges. This knowledge can be a game-changer during interviews, showcasing your genuine interest in the company and its mission.?

8. Increase Online Visibility: In today's digital age, having a strong online presence is crucial. Maintain an up-to-date LinkedIn profile with a professional photo and comprehensive work history. Share relevant articles and engage in discussions to position yourself as a thought leader in the biotech field.?

9. Be Selective in Your Applications: Instead of applying to every available position, be discerning. Focus on roles that align with your skills and career goals. Tailor your application for each job, emphasizing how your unique qualifications make you the ideal candidate.?

Overall, marketing yourself and creating value around your profile takes time and lots of effort. Being multifaceted in your approach is key. Doing all or some of these points sooner rather than later may be the core takeaway. You may not need a new role now but you never know what might happen. Having a proactive mindset towards new opportunities is the most reliable way to being a top applicant for any role at any point.?

Daniel Rose is a Business Manager here at i-Pharms growing West Coast region. Feel free to reach out to him to talk further on this or check out some of our open roles here.

Life at i-Pharm????

i-Pharm Big Billers take a trip to Cape Town, South Africa.

Our 2022 Top Performers have just returned from an unforgettable trip to Cape Town! They had the opportunity to meet with colleagues from our global teams across Australia, the USA, the UK, and Germany to celebrate their amazing achievements.?You can check out more photos from their trip here.

We're a UK's Best Workplace in Consulting & Professional Services!?

We're excited to announce that i-Pharm Consulting has been ranked Best Workplaces in Consulting & Professional Services by?Great Place To Work UK ! You'll be able to read more about it here .

We are finalists at the TIARA Recruitment Awards ANZ!

Congratulations to our team in Sydney who have been shortlisted for 'The APositive Best Small Recruitment Company to Work For' at the TIARA Recruitment Awards ANZ!

We look forward to the awards ceremony on the 16th of November and wish the best of luck to all the finalists. You can read more on this here.

If you'd like to suggest a topic for us to cover in the next edition, comment on this article or send us an email to [email protected] .??????

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