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Building a Virtually Integrated Life Sciences Company
Date: December 06, 2008
"Building a Virtually Integrated Life Sciences Company" Caltech/MIT Enterprise Forum. The traditional business model dominating the pharmaceutical industry for over 100 years is rapidly eroding under new drivers for innovation and increasing financial pressures. Big Pharma as an integrated business from basic scientific research all the way through to marketing, manufacturing, and distribution is rapidly changing as more biotechnology innovation is coming straight from the laboratories of universities and independent research institutions. Smaller companies, often startups, are also using technologies developed at non-profit institutions to develop new lead compounds, new manufacturing methodologies, and new drug delivery vehicles, rather than invest in their own in-house early stage research.The December 6, 2008 session of the Caltech/MIT Enterprise Forum will focus on the new business model for the biotechnology entrepreneur. What is the essential core of a life sciences business? What parts of the business can be delegated to others? How, and when, does the fledgling company develop relationships with other companies with complementary strengths? What are the nature of the relationships between new companies and the large life sciences companies? Which relationships are advantageous and which are potentially dangerous? Even more important, who invests in these virtual companies and what criteria are they using? See
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