Name: Science Business: The Promise, the Reality, and the Future of Biotech
ISBN: 9781591398400

Science Business: The Promise, the Reality, and the Future of Biotech

Gary P. Pisano

Hardcover

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Do you recommend this book?

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Why has the biotechnology industry failed to perform up to expectations--despite all its promise? In Science Business, Gary P. Pisano answers this question by providing an incisive critique of the industry. Pisano not only reveals the underlying causes of biotech's problems; he offers the most sophisticated analysis yet on how the industry works. And he provides clear prescriptions for companies, investors, and policy makers seeking ways to improve the industry's performance. According to Pisano, the biotech industry's problems stem from its special character as a science-based business. This character poses three unique business challenges: how to finance highly risky investments under profound uncertainty and long time horizons for R&D, how to learn rapidly enough to keep pace with advances in drug science knowledge, and how to integrate capabilities across a broad spectrum of scientific and technological knowledge bases.The key to fixing the industry? Business models, organisational structures, and financing arrangements that place greater emphasis on integration and long-term learning over shorter--term 'monetisation' of intellectual property. Pisano maintains that all industry players--biotech firms, investors, universities, pharmaceutical companies, government regulators--can play a role in righting the industry. The payoff? Valuable improvements in health care, and a shinier future for human well-being.

Book Details

Publisher: Harvard Business Review Press
Publish Date: Nov 1st, 2006
Pages: 256
Language: English
Edition: undefined - undefined
Dimensions: 9.48in - 6.44in - 1.04in - 1.17lb
EAN: 9781591398400
Categories: • Biotechnology• Industries - General• Leadership

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About the Author

Gary P. Pisano is the Harry E. Figgle Jr. Professor of Business Administration and Head of the Technology and Operations Management unit at Harvard Business School.

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What people are saying

Priming for Biotech

@Priming4Biotech

3 years

*Taking a hiatus!* Understanding biotech through lenses of history, business, finance, and regulations. Follow to join in on our monthly #BiotechBookclub

Reminder! Book Club this Tuesday at 8pm ET! @IncaDieterich and @SusannaLHarris will be reviewing "Science Business" by Gary Pisano. Link to Clubhouse (whether or not you have an account yet): https://www.joinclubhouse.com/join/biotech-entrepreneur/aqVIVqJJ/M4G5LXYJ

Ash Jogalekar is a scientist and science writer.

@liangc_science "Science Business" by Gary Pisano: great read on why biotech is hard. "Medicine, Science and Merck" by the legendary Roy Vagelos; in part inspiring memoir and in part history of Merck in its golden days. Also, Thomas Hager's biography of Domagk, "The Demon Under the Microscope".

twitter.com

What people are saying

Priming for Biotech

@Priming4Biotech

3 years

*Taking a hiatus!* Understanding biotech through lenses of history, business, finance, and regulations. Follow to join in on our monthly #BiotechBookclub

Ash Jogalekar is a scientist and science writer.

twitter.com