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By R. Ono

The enterprise of Biotechnology: From the Bench to the road in actual fact addresses the main frequently requested questions about cutting-edge aggressive outlook during this speedily advancing box. As a photo of present matters and possibilities in advertisement biotechnology, this quantity also will turn out to be a reference device of lasting functional price to entrepeneurs, managers, specialists, and similar provider companies

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In terms of control, many biotechnology companies have been coopted by larger firms that possess the financial and market power to commercialize their products. The Genentech acquisition is simply a more visible symbol of a process that has been accelerating since the 1987 market crash: The gradual reabsorption of many biotechnology companies by larger corporations possessing the advantages of capital and size. In the years ahead, the term biotechnology will either fade from the scene— or, fueled by a new wave of breakthroughs—create a new cohort of companies.

And Kenney, M. 1990. The Breakthrough Illusion: Corporate America's Failure to Move from Innovation to Mass Production. New York: Basic Books. Fortune, 1951. ' T h e Cortisone Shortage," May: 83. Fortune, 1951. "Mexican Hormones," May: 86. Hall, S. 1987. invisible frontiers: The race to synthesize a h u m a n gene. New York: Atlantic Monthly Press. F. 1979. The eighth day of creation. New York: Simon and Schuster. J. 1981. Jock: The Life and Times of John Hay Whitney, New York: Doubleday & Co. Kenney, M.

For the venture capitalists, this opened a storehouse of intellectual property. s were skilled at biotechnology, and the vast majority of these were entrenched in academia. The liberalization of technology transfer policies, together with the standard practice of allowing academics to dedicate 20% of their work week for consulting activities, had a multiplier effect on the available talent pool. 3. The prodigious capital appetites of the biotechnology industry were sated largely by managed pools of venture capital and by offerings of stock to the public.

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