| Topic Name: |
Fashion PR : Who you know? |
| Message Name: |
Biz dev revealed |
| Date Posted: |
05/24/2002 |
| In Reply To: |
hi
I am fresh from college. Curious about what you mean by biz development in biotech firms. Would you be willing to throw some light on it?
Thanks |
| Message: |
The biotech/pharma industry survives through the practice of in/out-licensing products or platforms (=technologies used in drug discovery/development). Factors that drive this tend to be empty pipeline (ie few or no drugs due for release over the next few years by that company), lack of cash, lack of marketing or technical expertise, desire to reduce risk, etc etc.
It's the bus. dev. guys that go about looking for potential partners and then negotiating and sealing the deals.
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