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Can Science be a Business? Lessons from Biotech (Harvard Business Review) Periodical

Can Science be a Business? Lessons from Biotech (Harvard Business Review)

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Publisher's Summary

In 1976, Genentech, the first biotechnology company, was founded by a young venture capitalist and a university professor to exploit recombinant DNA technology. Thirty years and more than $300 billion in investments later, only a handful of biotech firms have matched Genentech's success or even shown a profit. No avalanche of new drugs has hit the market, and the long-awaited breakthrough in R&D productivity has yet to materialize. This disappointing performance raises a question: Can organizations motivated by the need to make profits and please shareholders successfully conduct basic scientific research as a core activity?

From the October 2006 issue of Harvard Business Review.

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©2006 by the President and Fellows of Harvard College, All Rights Reserved; (P)2006 Audible Inc.

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  • Ariel
    United Kingdom
    4/12/16
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    "Informative"

    This seemed to a non expert expert a thorough review of biotech's industry present state.

    0 of 0 people found this review helpful

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