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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowRevenue growth FY 2022 to 2024: 83.47%
2024 revenue: $27.77 million
Providing help: Process Alliance, which is a Fast 25 company for the fourth consecutive year, is an engineering and science consulting business that works in the life sciences manufacturing industry. “We’re a bunch of engineers and scientists that help manufacturing organizations do what they do,” said President and CEO Darren Thompson. The company helps with new project delivery. At the LEAP Research and Innovation District in Lebanon, it is providing senior-level engineering knowledge for the design of those facilities.
Clients: Thompson isn’t permitted to talk about specific clients, but he can say Process Alliance is working on an expansion project for a large contract manufacturing organization (meaning it produces drugs for other companies) in a Western state. It’s also working with what he described as “a local large pharmaceutical company inside their manufacturing operations to help streamline their training program for operations.”
Why its services are needed: Life sciences companies hire outside professional services vendors like Process Alliance because, while these companies have the skills to handle all their own work, they don’t always have the capacity. “We like to use the phrase, ‘We’re blue-collar consultants. We just get stuff done,” Thompson said.
Why the company is growing: COVID put Process Alliance on an accelerated growth curve, Thompson said. The ripple effect of the pandemic was a recognition that the United States has been too dependent on key drug products being shipped in from overseas. “That kick-started the whole reshoring effort that we’ve been seeing not just in pharmaceuticals but in other sectors,” he said. Also, there has been an “explosion” of manufacturing of small-molecule drugs (drugs that are easily absorbed into the bloodstream and then into cells, where they interact with other molecules). “As the need for the supply chain associated with those particular types of drug products has grown, that has fueled the need for companies like ours.”
Growing in tandem: Thompson said Process Alliance’s future will follow the industry’s pattern. The company has employees scattered across the United States, with active work going from New Jersey to Seattle to Oregon, and is eyeing expansion to other major U.S. pharmaceutical companies. “If you look at the top 20 pharmaceutical companies by revenue, we do business with four of them, so the potential market for us is extremely large.” Process Alliance is also working and expanding in other sectors—animal health and fine chemicals, among them.•
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