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Molecule to Market takes you inside the global pharma and biopharma outsourcing ecosystem. Each week, our host Raman Sehgal sits down with the founders, entrepreneurs, CEOs and C-suite leaders shaping the pharma services and tools that power discovery, drug development and commercialization.
Listeners get real stories and practical insights from across the entire value chain, from big pharma and emerging biotechs to private equity investors, CROs, CDMOs, technology platforms and specialist consulting firms. Our host Raman is an entrepreneur, investor, bestselling author, speaker and long time industry insider.
https://moleculetomarketpod.com
Episodes

Oct 10, 2025
Oct 10, 2025
45 min
In this episode of Molecule to Market, you’ll go inside the outsourcing space of the global drug development sector with Philip Macnabb, Chief Executive Officer at Curia.
Your host, Raman Sehgal, speaks with Phil about the pharmaceutical and biotechnology supply chain, covering:
Over 25 years of working with private equity — and why PE is ultimately about building sustainable value.
The common threads he looks for as a CEO of any new organisation, and why employees often know the answer first.
Navigating the COVID comedown at Curia, making major network changes, and refocusing on biotech clients.
Why CDMOs are really selling trust as the service, not just manufacturing — and how that plays into customer intimacy and reputation.
Betting on the trend toward small batch sizes and personalised medicines in biotech and pharma.
Phil leads Curia in pursuit of its mission to improve patients’ lives, applying end-to-end capabilities and deep scientific expertise to advance customers from idea to impact.
He brings more than 20 years of private-equity leadership experience to Curia, including the last decade in healthcare. Most recently, he served as Chief Executive Officer at Epsilon Global, a company he co-founded. In addition to his healthcare experience, he has held senior positions in technology, distribution, and consumer products. Phil has a proven track record of sharpening companies’ core value proposition, enhancing the customer experience, and building organisations with real, lasting value.
Phil earned an MBA from the University of Chicago and a BS in Business Administration from Purdue University.
Molecule to Market is sponsored by Bora Pharma and Charles River, and supported by Lead Candidate. Please subscribe, tell your colleagues, and help us celebrate the value of the global life science outsourcing space. We’d also appreciate a positive rating!

Oct 3, 2025
Oct 3, 2025
53 min
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The difficult decision to leave Novo Nordisk and make the jump from one great company to another in Genentech/Roche.
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How leaving a Biogen site led him to step away from big pharma after 25 years and transition to the CDMO side.
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How Fujifilm’s culture of innovation, technology, quality, and people runs through the Biotechnologies division — and why empowerment and culture should never be compromised.
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Why the duplication of its CDMO sites globally, all running on the same kojoX platform, is truly differentiating.
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Why he believes the need to standardise, scale, and globalise drug production in a consistent, efficient, and traceable way is key to the future of the supply chain.

Sep 26, 2025
Sep 26, 2025
58 min
In this episode of Molecule to Market, you’ll go inside the outsourcing space of the global drug development sector with Matt Lowe, CEO at performance.io/
Your host, Raman Sehgal, discusses the pharmaceutical and biotechnology supply chain with Matt, covering:
- Seeing a niche in SEO, within the healthcare space... and opting to take a risk and jump our of big pharma.
- Why healthcare agency models are built for agencies, not pharma.
- The mass wastage of big pharma spend when it comes to the commercial launch.
- How you should be thinking about generative search and customer experience... and why Google is still dominating the search landscape.
Founder and CEO at performance-io (PIO), Matt has been the driving force behind bringing search engine optimization (SEO) into pharma. With more than 22 years in the highly regulated industry pharma space, spanning client-side and agency roles, he is responsible for a number of industry firsts, all focused on helping pharma companies to revolutionize their customer engagement.
Molecule to Market is also sponsored by Bora Pharma (boracdmo.com) and Charles River (www.criver.com), and supported by Lead Candidate. Please subscribe, tell your industry colleagues and join us in celebrating and promoting the value and importance of the global life science outsourcing space. We’d also appreciate a positive rating!

Sep 19, 2025
Sep 19, 2025
42 min
In this episode of Molecule to Market, you’ll go inside the outsourcing space of the global drug development sector with Michael Scholl, Chief Executive Officer and Co-Founder at Leukocare.
Your host, Raman Sehgal, discusses the pharmaceutical and biotechnology supply chain with Michael, covering:
- The influences, and potential for impact that led him down a path of entrepreneurship.
- Chronicling the ups and downs of over 20 years in business at Leukocare.
- Pivoting to be a specialist CRO/CDMO with a differentiation in data-driven, formulation development... leading to a record year in 2024.
- How the delay in decision making in the market is impacting the pharma services space.
Michael Scholl is the Co-founder and Chief Executive Officer of Leukocare, a leading CDMO specializing in formulation and drug product development services for sterile injectables. With more than 20 years of leadership experience in the life sciences industry, Michael is responsible for shaping the company’s strategic direction and cultivating partnerships with biopharmaceutical clients around the world.
Under his leadership, Leukocare has established itself as a trusted partner in advancing complex biologics from early development to market-ready drug products. He began his career as a business consultant at the Boston Consulting Group (BCG), he holds a degree in Industrial Engineering from the Technical University of Berlin and studied at the Haas School of Business, University of California, Berkeley.
Molecule to Market is also sponsored by Bora Pharma (boracdmo.com) and Charles River (www.criver.com), and supported by Lead Candidate.
Please subscribe, tell your industry colleagues and join us in celebrating and promoting the value and importance of the global life science outsourcing space. We’d also appreciate a positive rating!

Sep 12, 2025
Sep 12, 2025
55 min
In this episode of Molecule to Market, you’ll go inside the outsourcing space of the global drug development sector with Kaan-Fabian Kekec, Partner in Healthcare and Life Sciences at Simon-Kucher.
Your host, Raman Sehgal, discusses the pharmaceutical and biotechnology supply chain with Kaan, covering:
- Being on the sunny side of consulting, and helping clients unlock growth.
- What makes a key strategic partnership both from a CDMO, and a sponsor perspective.
- The taboo subject of pricing and how it can be used to help unlock commercial positioning, and excellence.
- Common mistakes in BD teams, and the importance of value positioning.
- The hottest segments in the market right now, and some of the competitive drivers in today's market.
Kaan leads the firm’s Healthcare B2B and Pharma Services business globally, encompassing CDMOs, CROs, bioprocessing solutions, drug delivery, packaging, and more.
He specializes in delivering end-to-end commercial strategies for CDMOs, advising on growth initiatives and supporting clients throughout the entire lead-to-deal process—from marketing and sales to proposal management and deal optimization.
Molecule to Market is also sponsored by Bora Pharma (boracdmo.com) and Charles River (www.criver.com), and supported by Lead Candidate.
Please subscribe, tell your industry colleagues and join us in celebrating and promoting the value and importance of the global life science outsourcing space. We’d also appreciate a positive rating!

Sep 5, 2025
Sep 5, 2025
53 min
In this episode of Molecule to Market, you’ll go inside the outsourcing space of the global drug development sector with Adam Siebert, Managing Director and Partner at L.E.K. Consulting.
Your host, Raman Sehgal, discusses the pharmaceutical and biotechnology supply chain with Adam, covering:
- Adam's journey from academic to commercial, and what helped him transition into 'life science enablers".
- How pandemic demand has left our sector with a huge over capacity issue and market imbalance.
- Some positive signals for the second half of 2025 after a period of geopolitical chaos, and a bumpy rollercoaster.
- Even thought biotech funding has largely returned... how decreasing clinical trials, a shifting of therapeutic focus, and the concentration of investments on fewer, higher value deals is impacting pharma services.
- The value of building a reputation in one in-demand modality area before extending into other modalities. And why the CDMO is at an inflexion point...
Adam is a Managing Director and Partner in L.E.K. Consulting’s New York office and a member of the Life Sciences practice. He has been with L.E.K. for over eight years, and has experience across diagnostics and research tools, bioprocessing and pharma services, and emerging, mid-cap and large pharma. Adam has helped a number of clients in the life sciences industry with growth strategy, life cycle management, portfolio optimization and M&A projects. Adam holds a Bachelor of Science from Boston College and a Ph.D. from the Perelman School of Medicine at the University of Pennsylvania.
Please subscribe, tell your industry colleagues and join us in celebrating and promoting the value and importance of the global life science outsourcing space. We’d also appreciate a positive rating!
Molecule to Market is also sponsored by Bora Pharma (boracdmo.com) and Charles River (www.criver.com), and supported by ramarketing.

Aug 29, 2025
Aug 29, 2025
56 min
In this episode of Molecule to Market, you’ll go inside the outsourcing space of the global drug development sector with Stephen Dilly, Chairman, President and Chief Executive Officer at Codexis.
Your host, Raman Sehgal, discusses the pharmaceutical and biotechnology supply chain with Stephen, covering:
- His journey of almost 40 years in the industry, including 20 years as a CEO.
- Leading two therapeutic companies to two, successful, $billion+ exits...
- Not making snap judgements and instant opinions early on in your role as a senior leader.
- Why he took on the challenge of leading Codexis at this phase of his career.
- The importance of values as guiding principles, and spending in-person time with your team.
As President & CEO of Codexis since August 2022, Stephen brings more than three decades of executive management experience in the biopharmaceutical industry. Most recently, he served as President and CEO of Sierra Oncology (NASDAQ: SRRA) through its recent sale to GlaxoSmithKline for $1.9 billion.
Previously, Dr. Dilly served as CEO of Aimmune Therapeutics, acquired by Nestle Health Science for $2.6 billion. Dr. Dilly has served in executive roles at Genentech, Chiron and SmithKline Beecham and has been associated with the development, approval and launch of more than twenty marketed drugs across multiple therapeutic areas. He holds both an MBBS and a PhD in Cardiac Physiology from the University of London.
Molecule to Market is also sponsored by Bora Pharma (boracdmo.com) and Charles River (www.criver.com), and supported by ramarketing.
Please subscribe, tell your industry colleagues and join us in celebrating and promoting the value and importance of the global life science outsourcing space. We’d also appreciate a positive rating!

Aug 21, 2025
Aug 21, 2025
43 min
In this episode of Molecule to Market, you’ll go inside the outsourcing space of the global drug development sector with Tara Dougal, Event Director - Pharma (CPHI Europe).
Your host, Raman Sehgal, discusses the pharmaceutical and biotechnology supply chain with Tara, covering:
- How CPHI has changed over the last decade of Tara being involved in the show.
- The challenge of dealing with the volume of over 60k people turning up for three days at a major European city.
- Being tasked with running one of Informa Markets' largest global shows.
- How to make the most of this year's CPHI Europe before, during and after the show.
- The hidden gems of opportunity that you might be missing out on at CPHI.
Tara brings over 12 years of extensive event management experience spanning roles in New York, London, and Amsterdam. She previously held the position of Content Director before advancing to her current leadership role.
Her expertise extends beyond event management to content production, where she has demonstrated exceptional skill in creating high-quality content and building strategic relationships with clients and partners.
At CPHI, Tara plays a crucial role in creating connections and inspiring partnerships across the global pharmaceutical community, championing innovation at the heart of pharma through both in-person and online events. Her international experience and industry insight contribute significantly to Informa Markets' position as the world's leading exhibitions organiser, delivering over 550 market-leading events annually.
Please subscribe, tell your industry colleagues and join us in celebrating and promoting the value and importance of the global life science outsourcing space. We’d also appreciate a positive rating!
Molecule to Market is also sponsored by Bora Pharma (boracdmo.com) and Charles River (www.criver.com), and supported by ramarketing.

Aug 15, 2025
Aug 15, 2025
52 min
In this episode of Molecule to Market, you’ll go inside the outsourcing space of the global drug development sector with Claire Riches, Vice President, Clinical Solutions at Citeline.
Your host, Raman Sehgal, discusses the pharmaceutical and biotechnology supply chain with Claire, covering:
- Being involved in the clinical development and commercial launch of a little mega-blockbuster, called... Viagra.
- Her first exposure to outsourcing at a small biotech, and the importance of partnerships in progressing the pipeline.
- Ignoring the pharma industry snobbery, and opting to move into the fast and varied world of CROs.
- Timeless sponsor and provider partnership tips, including the importance of aligned intentions, especially with biotechs.
- How are the tailwinds for rare diseases, meeting unmet patient needs, AI/data, and personalised medicines driving demand at Citeline?
With over 30 years' experience in the life science sector, Claire is a passionate advocate of bringing drug development to life. Having worked in large pharma, biotech and the CRO space, Claire uses her platform to raise awareness of the challenges the industry is facing, and how as a collective voice, we can solve big, challenging questions. She believes strongly in the need to ask questions of the industry to drive change, which in turn drives innovation and growth.
Claire speaks regularly through various forums on the topics of Women in Science, Impacts of Politics and Economics on Drug Development and Drug Access, and Evolution and Efficiency of Drug Development pathways. She is currently focused on levelling the playing field for the Biotech industry via her podcast Small Biotech, Big Decisions | Citeline
Please subscribe, tell your industry colleagues and join us in celebrating and promoting the value and importance of the global life science outsourcing space. We’d also appreciate a positive rating!

Aug 8, 2025
Aug 8, 2025
57 min
In this episode of Molecule to Market, you’ll go inside the outsourcing space of the global drug development sector with Andrea Wagner, CEO at PharmaPhixx.
Your host, Raman Sehgal, discusses the pharmaceutical and biotechnology supply chain with Andrea, covering:
- Building a 'not very pretty' business, to an eventual exit after 10 years
- The reluctant founding of Berkshire Sterile Manufacturing (Now Sharp)...making new mistakes on her encore journey of growth and a second exit
- Why company leaders should think of decision-making like trees
- Pro business development tips from a seasoned entrepreneur with growth hard-wired into her
- Her views on the current market and what opportunities lie ahead for the brave
Dr. Andrea N. Wagner is a serial entrepreneur renowned for co-founding and advancing two contract sterile manufacturing companies, with her latest venture acquired by Sharp Services in October 2023. She passionately advocates for women in business, serving on the board of Women Entrepreneurs Grow Global (WEGG), co-founding Herizon Funding to support women-owned businesses, and contributing as an advisory board member at the Boston Museum of Science.
As CEO of PharmaPhixx and founder of the sweater brand LuxLined in 2024, Andrea continues to diversify her business interests. Additionally, she established the Andrea Wagner Scholarship Fund to support young women pursuing STEM degrees. Currently, she is writing a book, focusing on empowering women in STEM to ascend to leadership roles.
Please subscribe, tell your industry colleagues and join us in celebrating and promoting the value and importance of the global life science outsourcing space. We’d also appreciate a positive rating!
Molecule to Market is also sponsored by Bora Pharma (boracdmo.com) and Charles River (www.criver.com), and supported by ramarketing.
