Original paper
Can science be a business? Lessons from biotech.
Abstract
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 dollars 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...
Paper Details
Title
Can science be a business? Lessons from biotech.
Published Date
Oct 1, 2006
Journal
Volume
84
Issue
10
Pages
114 - 24, 150
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Notes
History