From Breakthrough to Blockbuster: The Business of Biotechnology
Biotechnology is a hot topic in today’s global economy. It promises to help humanity, so it often receives startup funding from governments. Success stories show the strong financial potential of the right investments. Big pharmaceutical companies (“big pharma”) can purchase entire companies for large amounts of profits. Yet the risks are great, with an estimated 90% of ventures ending in non-successful outcomes. There seems little that can be done to predict success from the outset.…