Former Synovate Healthcare CEO, Michael Spedding, and former Synovate CFO, Peter Chopra, have announced the launch of a new healthcare marketing services venture: PharmaGems.
Based primarily in London but with global reach, PharmaGems will invest in and partner with entrepreneurial individuals and independent businesses – the ‘gems’ to which its name refers – and work with them to drive growth in profits and capital value.
A unique and highly relevant addition to the healthcare marketing services industry, PharmaGems addresses the growing importance of – and opportunity for – innovation and entrepreneurialism in this changing marketplace.
“Specifically, PharmaGems’ services are geared towards three entrepreneurial groups: individuals or teams needing resources, contacts and expertise for a successful launch; independent businesses seeking to enter new markets, develop new products and break through ‘glass ceilings’; and mature businesses looking to engineer their business for sale and optimise exit value”, commented Peter Chopra, PharmaGems’ co-founder.
“As proven experts in this field, we are able to deliver a level of expertise that would normally be out of the reach of many businesses at this stage in their development”, continued Chopra.
PharmaGems’ credentials include highly successful senior leadership experience in healthcare market research, along with significant expertise in corporate development, M&A’s and the optimisation of exit values in the market research industry.
Additional support will be offered in the form of:
‘PharmaGems Dragons’ who will offer additional input and investment for new ventures
Partnerships with experts in training and marketing and communications
Commented Pharmagems’ co-founder, Michael Spedding,
“The healthcare marketing services industry is changing, and the time for innovation and entrepreneurialism is now. The ideas, talent and passion are out there – but so too are barriers to success. Large company structures often fail to reward individuals’ or teams’ value creation, glass ceilings prevent many independents from further growth, and exiting businesses are failing to realise the value they could and should. With our business and financial track record in this industry, and our belief that entrepreneurs should reap the rewards of what they create, PharmaGems can help entrepreneurs at all stages to optimise value.”
About PharmaGems’ Co-Founders
Chopra is a ‘Big 4’ trained Chartered Accountant, qualified barrister, owner of transaction services business, Great Outcomes, and Partner in Verve, the specialist in customer advisory panels & online brand communities.
Chopra’s prior roles include CFO of Synovate, CEO of Synovate UK and Deputy CFO of Aegis Group plc. With 17 years’ experience in market research and marketing services, Chopra has successfully completed over 50 transactions in this industry.
Spedding was most recently Synovate’s CEO of Geographies. Prior to this, he was CEO of Synovate Healthcare for 5 years – during which period, Synovate Healthcare doubled turnover through organic growth and increased profits almost three-fold.
A chartered accountant by profession, Spedding’s track record also includes positions of CEO, COO and CFO within major corporations including Virgin, UBM & NOP.
London - 2nd March 2010