CBLS Wraps Up the Academic Year with Annual IU Life Sciences Day at Kelley

The Center for Business of Life Sciences at Indiana University – Kelley School of Business hosted the 2024 edition of Annual Life Sciences Day on Friday, April 12^th. The topic for this year’s panel discussion was Supply Chain Resilience – From Suppliers to Finished Goods. Corporate representatives from Boston Scientific (Peter Gallagher), Eli Lilly (Elizabeth Wilson), and IU Health (Sam Banks) shared their experience, challenges, strategies, and best practices with CBLS students. A special thanks to the Workman Family Charitable Trust and the Voris Family Foundation for sponsoring this event!

Over the past decade, the industry has encountered a series of profound disruptions that have tested the resilience of its supply chain. Global events such as natural disasters, COVID-19 pandemic, geopolitical tensions between US and China, blockage of the Suez Canal, along with local regulatory changes within the US have underscored the need for adaptive strategies and agile responses to ensure continuity and reliability. The panel members brought a wealth of experience and insights on how to anticipate, adapt, and innovate in response to these disruptions. It was interesting to see different perspectives from a large pharma, a leading medical devices company, and a significant hospital network. Our panelists added further value from their prior experience from within and outside the industry.

The panelists shared with the group some crucial principles in supply chain management – process discipline, vendor management, strategic partnerships, resource allocation, value analysis and clinical effectiveness, and supply chain integration. One of the most surprising takeaways was how the life sciences industry mirrors the trends in the automotive industry with a lag of some decades. It was also interesting to find how significant relationship building and people management is to reduce cycle time and ensure business continuity. As a business graduate, it was a great learning experience to know how the function intersects with marketing and finance and impacts decisions on developing business intelligence.

At the conclusion of the panel, George Telthorst, Director of the Kelley Center for the Business of Life Sciences, recognized 36 undergraduate and graduate students this year from Kelley, O’Neill and the College of Arts & Sciences. The day wrapped up with a celebratory luncheon where students had an opportunity to network with the panel members.CBLS facilitates collaboration among students, faculty, life science enterprises, and corporate affiliates to address pertinent industry challenges and inquiries while fostering valuable networking avenues for students, faculty, businesses, and associates. The center aims to bolster Indiana’s life science sector through enhanced connectivity through events staggered throughout the academic year.

MBA Honorees

Junghwan An                                                    Lane Holmes                        Karan Sharma

Divianshu Bhardwaj                                        Kendall Law                           Deepti Singh

Tosin Bowale                                                     Grant Lewis                            Sanjay Sukumar

Ruan Dos Santos                                              Harry Lubis                             Ryan Thompson

Varis Duangamaneerattanachai                    Uchenna Ogbejesi                DJ Tuttle

Oluwaseun Fakorede                                       Claire Perkins                         Jimmy Wang

Liam Fitzgerald                                                 Alyssa Poticha

 

Masters of Sciences in Healthcare Management Honorees

Jonathan Dusleag                                              Nicholas Peirick                        Van Tran

Christian Gettelfinger                                       Adam Pratt                                  Aisha Yusuf

 

Graduate Science Honoree

Chelsea Simpson

Undergraduate Business & Science Honorees

Lena Babiker                                                     Haripriya Jalluri                         Christopher Parker

Rishma Chauhan                                              Alyson Kniola                              Isabella Schuhrke

Becca Feiler                                                       Noah Newcomb

The Certificate in the Business of Life Sciences certificate is for undergraduate students and graduate students, Kelley School of Business students and students from across the Bloomington campus who are passionate about a career in the life sciences and a desire for an understanding of how business and science interact to produce health-related outcomes. 

For undergraduate or graduate students, the benefits are many:

• unique opportunities to interact with leaders in the industry and with students and perspectives from many other disciplines
• coursework designed for deeper understanding of the business of life sciences companies
• involvement with multidisciplinary case studies and consulting projects

Learn More Here!