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Putnam Associates, "Small Jewel" Strategy Consultants to Pharmaceutical and Biotech Industries, Celebrates Its 20th Anniversary
May 1, 2008 -- Putnam Associates (www.putassoc.com), Boston-based strategy consultants to the biotechnology and pharmaceutical industries, released today that this month the firm celebrates its 20th anniversary. Founded in Cambridge, MA in 1988, Putnam has been serving its industry leader clients globally and its strength is in solving problems involving the complex integration of patients, prescribers, competitors, payers, economics, and government.
"Over the past 20 years we have participated along with our clients in some profound changes in the health care industries. Biotechnology has evolved from theory to a mainstay of cutting edge therapies. Diseases that were death sentences can now be treated as chronic conditions. Global level consolidation in the Pharmaceutical industry has roiled competitive landscapes. Managed Care has become the predominant form of health insurance in this country and has driven economic considerations of disease treatment to the forefront of decision making," states Kevin J. Gorman, Managing Partner.
"For two decades we have served our clients with disciplined analysis and we hope, sage counsel. Our goal has always been to help our clients make better decisions at every point in the product and business lifecycle. We believe Putnam's strategic advantage lies in our industry-specific focus and depth, reputation for quality work, and high level of repeat client business, including clients with whom we have maintained very long professional relationships. We are deeply grateful for their support," Gorman continued.
"Looking forward we see the increasing need for all participants in the life science industries to more crisply and clearly define the value that their innovations bring to the market. Payers, physicians and patients clearly want innovation but are increasingly demanding justification of value. To us that means serious, in-depth commercial development strategy must begin long before a product approaches the marketplace," concluded Gorman.
The firm prides itself on its thought leadership, top quality professional staff, and collegial, productive work environment. Putnam has been ranked in Vault's "Top 50 Consulting Firms" for 2004, 2005, 2006, and 2007, including recognition as #6 for "Best Place to Work" among all U.S. strategy consulting companies. Furthermore, Consulting magazine ranks the firm as a "Small Jewel" within the consulting marketplace for its innovative approach to thought leadership, client service and firm culture.
The company's partnership includes: Kevin J. Gorman, Managing Partner (BA, Boston College; MBA, Harvard Business School); Richard J. Tinsley, Partner (BA, Wharton School, University of Pennsylvania; MA, Stanford University; MBA, Stanford University); John A. Gordon, Partner (BA, summa cum laude, Tufts University; MBA, Harvard Business School); and Eric C. Auger, Partner (BA, Providence College; MA, Boston University).