Evaluate announces acquisition of J+D Forecasting

London, UK and Boston, MA – 10th January 2024: Evaluate, a Norstella company, announced today the acquisition of J+D Forecasting, a leading provider of forecasting solutions for the pharmaceutical industry.  

The global pharmaceutical industry is undergoing a period of great change and uncertainty, driven by changes in legislation and regulation, a challenging geopolitical environment, and patent expiries. The ability to effectively and accurately forecast market size, growth in key indications, and demand for new technologies is vital to strategic success for companies across the pharma landscape.  

The combination of Evaluate’s world-class consensus forecasting and consulting expertise with J+D Forecasting’s highly specialised models delivered through cloud-based management and analytical solutions will help customers create more intelligent and consistent insights, while working in an effective and collaborative manner across their business. This will enable them to better understand their competitive space, identify key opportunities, and position themselves to make better, more timely decisions. 

Mike Gallup, CEO, Norstella said: “We are delighted to welcome the J+D Forecasting team to the Norstella family. Their expertise in developing bespoke forecasting models and innovative, intuitive solutions will provide our customers with an even wider breadth of expertise and cutting-edge insight. The addition of these capabilities significantly boosts our ability to help achieve our mission of smoothing the path of life-saving therapies from pipeline to patient.” 

Norstella will continue advancing its forecasting portfolio by integrating J+D Forecasting's models and employing GenAI to synthesise insights from various models, creating a comprehensive one-stop solution for all forecasting needs.   

David James, CEO and Founder at J+D Forecasting said: “The need for high quality forecasting to support decision making in the pharmaceutical and biotech space has never been higher. Bringing together two of the most respected forecasting providers in the industry provides huge opportunities for our customers and I am looking forward to working with the Evaluate team and Norstella to bring innovative solutions to the market.”