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Early budget impact model

Our team developed an early budget impact model for a biotech start-up.

What we did

Project background

The client was in search of investors, for which they needed a value story. They were particularly interested in the potential benefits and the associated costs related to the project.

Challenges faced

The main challenge was the lack of data on the effectiveness of the client's drug. We did not know whether the drug would reverse the disease or stabilize it. 

Our solution

We made some assumptions to model the efficacy of the drug and made an easy manual for the client. This way, the client could already use the model to search for investors and could adapt the model themselves in the future when more data was available.

Moreover, usually, a budget impact model does not include benefits, but as the client really wanted to see the benefits we included them in the model.

Our impact

The client was happy with the product and expressed their eagerness to work with our team in the future.

Meet the experts

Sharon  Wolters, PharmD MSc

Sharon Wolters, PharmD MSc

Services used

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