Situation:
A virtual start-up diagnostics company desperately needed clinical expertise to get a program up and running coincident with a fundraising effort. Halloran was asked to put someone in an operating role with the start up because precious time was being lost; the executives needed to focus elsewhere, and they knew they lacked the clinical development experience to manage the program.
Solutions:
- Halloran contributed to all study related documentation, then managed all clinical studies being conducted to ensure adherence to regulations and guidelines.
- Assisted with Grant applications to support fund raising efforts.
- Halloran managed staff, external partners/service providers, and clinical investigators.
- Conferred with healthcare professionals to determine the best recruitment practices for studies.
- Halloran provided updates and status reports on performance against plan to senior management
- Managed the budget for the clinical trial to ensure overall operation was within the approved budget and timeline.
Value:
At a crucial stage in the transition of the company, Halloran alleviated gaps in both time and operational management. Company executives were free to focus on fundraising without jeopardizing the program, and both the program and capital accrual resulted in success.