Biotechnology-the melding of business and science-poses unique challenges not faced by other industries. This practical book, written in a step-wise fashion, details and summarizes best practices for establishing and growing a successful biotech company.
My journey into this fascinating field of biotechnology started about 26 years ago at a small biotechnology company in South San Francisco called Genentech. I was very fortunate to work for the company that begat the biotech industry during its formative years. This experience established a solid foundation from which I could grow in both the science and business of biotechnology. After my fourth year of working on Oyster Point Boulevard, a close friend and colleague left Genentech to join a start-up biotechnology company. Later, he approached me to leave and join him in of all places - Oklahoma. He persisted for at least a year before I seriously considered his proposal. After listening to their plans, the opportunity suddenly became more and more intriguing. Finally, I took the plunge and joined this ent- preneurial team in cofounding and growing a start-up biotechnology company. Making that fateful decision to leave the security of a larger company was extremely difficult, but it turned out to be the beginning of an entrepreneurial career that forever changed how I viewed the biotechnology industry. Since that time, I have been fortunate to have cofounded two other biotechnology com- nies and even participated in taking one of them public. During my career in these start-ups, I held a variety of positions, from directing the science, operations, regulatory, and marketing components, to subsequently becoming CEO.
Inhaltsverzeichnis
What Makes a Biotech Entrepreneur? . - Start with the Idea: Licensing and Protecting Core Assets. - Significance of the Right Business Model and Managing Risk. - Legally Establishing the Company. - The Product Development Pathway: Charting the Right Course. - Developing a Marketing Strategy. - Financing Your Company Part 1: Raising Money, Capital Needs, and Funding Sources. - Financing the Company Part 2: Funding Stages, Valuation, and Funding Tools. - Corporate Culture and Core Values in a Biotech Company. - Hiring a Biotech Dream Team. - Strategic Alliances and Corporate Partnerships. - The Regulatory Process for Biotech Products. - Company Life Stages and Changing Management Styles. - When Do You Call it Quits? . - Conclusions and Serendipity. - Practical Help: How to get Started? .
