Putnam Associates at a Glance

Uppers

  • "Culture, opportunities for growth."
  • "Diversity of projects and great colleagues."
  • "The level of support I've received since starting has been phenomenal."

Downers

  • "Demanding and intense hours."
  • "Work hours fluctuate a lot, from very slow times to intense crunches."
  • "We are at capacity and have to turn down projects."

The Buzz

  • "Based on friends who work there, it seems Putnam's name is growing within healthcare consulting."
  • "Growing; Nice."
  • "Strong in healthcare."
  • "Heard about nice experiences from friends who work there; work-life balance seems to be very good among consulting firms."

About Putnam Associates

Over the last 29 years Putnam Associates has grown into a premier strategy consulting firm serving biopharmaceutical, biotechnology (cell, gene and tissue therapies), diagnostics, medical device, and related clients in the healthcare space. The firm provides objective, high impact strategic advice and analytical services, helping to support clients in crucial business decisions at all stages of the product and franchise lifecycle. Putnam's clients range from venture-backed biotechs (smallest client: 3-employee startup) to fortune 500 companies, including the majority of the world's major biopharmaceutical companies-indeed, despite being based in the US, more than half of Putnam's projects are global in focus. Putnam's commitment to client success has sustained many relationships that stretch back more than a decade and has enabled continued expansion into new client opportunities every year.

Product evolution

Putnam focuses solely on the life sciences, offering services focused on both development-stage and marketed products. That's good news for the firm's clients, who can spend more than 10 years developing new products-including wading through years of discovery, comprehensive testing, regulatory reviews, and commercialization prep-before the products even make it to market. Services include portfolio prioritization, market opportunity evaluations, competitive landscape assessments, product development strategies, in-licensing assessments, and growth strategies.

Committed to Long-Term Relationships

By providing insight and long-term support, Putnam has become the strategic partner of choice to a growing roster of clients. That long-term commitment also goes for the firm's employees-rather than being a landing spot for a year or two, the firm wants employees to see the potential for a longer-term career at Putnam. Accordingly, the firm provides both formal and informal mentorship, and cultivates an enriching professional culture. Over the last three years Putnam has significantly expanded its formal training and MBA tuition reimbursement programs encourage employees to continue learning. Firm knowledge development projects delve into the latest breakthroughs in areas like cell, gene, and tissue therapy leading to exciting new clients. The firm also sponsors community engagement and personal growth-from summer "Days of Service" initiatives (e.g., Habitat for Humanity) where junior staff play significant leadership roles in choosing and developing initiatives, to firm support for staff teams in Boston sports leagues, to the consultant-organized monthly book club.

The firm's commitment to employee development is partly demonstrated by its MBA-admissions track record-since 2005, almost 2/3 of MBA-bound Putnams have attended Harvard Business School, MIT Sloan, UPenn Wharton, Northwestern, Stanford GSB, or INSEAD. Additionally, several recent MBA graduates have elected to take advantage of the firm's expanded tuition-reimbursement program and return to Putnam in managerial roles.

When Putnam's consultants do leave, the firm is committed to fostering the professional success of alumni, recently launching a program of alumni outreach and events that bring together a growing roster of former staff that have gone on to success in other biotech pursuits.

Ensuring a Successful Launch

Nearly half of Putnam's projects in the past year have addressed the challenges of bringing cutting edge medical innovations to market. The firm is currently supporting clients on the cutting edge in CAR-T cancer therapies, gene therapies, and stem cell therapies. In a typical recent project, Putnam helped validate the epidemiology of untreated patient populations, then worked with the client to better define unmet medical needs in the therapeutic area. This led to recommendations around endpoints in Phase III trial designs. Putnam then worked with the commercial team to build strategies around introducing the product to target markets. At the same time, Putnam helped build forecast models for key countries and conducted pipeline assessments to help the client keep abreast of fast moving clinical developments among competitors (which also informed in-licensing scans). Whether Putnam's clients are honing their portfolios, developing new products, or trying to grow marketed products, the firm's strength lies in its ability to consistently deliver exceptional work and superior insights on the industry's complex challenges.

IN THE NEWS

July 2017

Ryan Wyrtzen Promoted to Principal

Putnam announced the promotion of Ryan Wyrtzen to Principal. Ryan serves leading biopharmaceutical and early stage life-science companies in strategic areas related to commercial opportunity assessment, pricing and market access strategy, and strategic marketing at the franchise and product level. He has broad experience working across client functional groups including marketing, finance, and medical affairs, across geographies with his extensive work in the EU, US, and emerging markets, and across therapeutic areas, including vaccines, oncology, rheumatology, cardiology, and neurology. He has a sterling track record of helping clients achieve impactful results. Ryan is also highly regarded for his many contributions to the firm, including his leadership in developing advanced market analytics methodologies, creating a new set of advanced employee training programs and mentoring multiple generations of strong contributors to Putnam practices.

July 2017

Joseph Feingold Speaks at Kick Off for Harvard Vs MIT Case Competition

Putnam once again sponsored the Harvard vs. MIT Case Competition​. The competition is co-organized by the Harvard Graduate Consulting Club (HGCC) and the Consulting Club at MIT (CCM). It offers graduate students and postdoctoral fellows the opportunity to work in teams on a real-life business challenge posed by the senior management of a selected firm, under the mentorship of consultants and industry managers. Principal Joseph Feingold was a speaker at the kick off, and Partner Domenick Bertelli, Principal Ben Diop and Manager Alex Busch served as judges for the competition. Life Sciences Consultant Joris De Schutter and Mariah Hanley also supported the program as mentors.

June 2017

Putnam Launches Inaugural Path to Putnam Program

Putnam launched its inaugural Path to Putnam program. The firm welcomed 12 candidates from top schools across the country including BU, Brown, Harvard, MIT, Tufts, UCSF, and U of I. The program is a 3-day introduction for potential candidates to get a snap shot into the life of a Life Sciences Consultant. In the Path to Putnam program, candidates gain hands-on experience in the skills required to conduct complex quantitative and qualitative research and commercial analysis. Under the guidance of a Putnam Life Sciences Consultant and a team of other Path to Putnam members, participants break down a realistic commercial strategy problem and present a synthesized recommendation to Putnam partners and consultants.

May 2017
Putnam Joins MIT SOLVE Network
Putnam Associates joined the MIT SOLVE Network as part of the expansion of its community engagement and charitable giving programs. Launched by MIT in 2015, The mission of SOLVE is to help solve the world's most pressing challenges through open innovation and partnership. As SOLVE members, Putnam Partners and teams will support the development of target initiatives and contribute to framing the next generation of challenges . In 2017, a team of Putnam SOLVE Fellows will work with the teams that submitted winning solutions to previous challenge competitions in two areas:

  • Developing diagnostics for chronic diseases

  • Brain health

Putnam Partner Domenick Bertelli and Principal Joseph Feingold participated in this year's Flagship Event May 8-10.In a statement, the firm noted that "we look forward to providing our expertise in global healthcare and new product development to important public health challenges, and to providing growth opportunities for Putnam colleagues to connect with MIT and global communities engaged in open innovation to address these challenges."

May 2017

Putnam Partners with O4U - Out for Undergrad

Emphasizing that diversity, inclusion and respect are at the heart of Putnam's culture, the firm announced a partnership with O4U (Out for Undergrad), a non-profit organization helping over 700 high-achieving LGBTQ undergraduates reach their full potential. Each year, O4U selects a diverse class of top-performing LGBTQ students from around the country and provides industry-focused conferences and weekend-long summits to educate students about job opportunities in highly competitive industries - and inspire them to pursue challenging, ambitious careers. Putnam signed on as a sponsor of the 04U Business 2017 conference held October 6-8 in New York City.

May 2017

Putnam Launches Basic Consulting Skills Symposium

Putnam launched its inaugural Basic Consulting Skills Symposium on April 28-29 in Portsmouth, NH-part of a continuing effort to enhance the firm's training programs for colleagues in their first two years, The new training program is targeted at Associate Consultants and Life Sciences Consultants with 6-18 months of experience who are evolving toward managerial roles. It is designed to reinforce key methodologies in problem structuring, primary research, and data-set analysis, and to foster in-depth discussions on case-team operations and coaching teams. The program also provided an opportunity for participants to connect, have fun, and get to know each other outside the office. The training kicked off with an Amazing Race where teams competed against the clock to solve a series of challenges, leading to a grand finale, followed by a pub night. The new program complements the firm's New-Employee Introductory Training, Advanced Consulting Skills Symposium, and Case Team Leadership Symposium, all held every autumn, to ensure that colleagues at all levels get opportunities to learn new skills, examine new challenges that accompany role growth, and consider how to improve the firm's methodologies and execution.

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Putnam Associates

501 Boylston Street
Boston, MA 02116
Phone: (617) 456-5200
Fax: (617) 849-7489

Stats

  • Employer Type: Private
  • Partner, Boston Office Head: Remco op den Kelder
  • 2017 Employees: 109

  • Major Departments & Practices
    Corporate Strategy
    Portfolio, Licensing & Development Strategy
    New Products Strategy
    Established Product & Franchise Strategy
    Pricing, Reimbursement, & Market Access
    Other Strategic Projects

Major Office Locations

  • Boston, MA (HQ)
  • San Francisco, CA