The Business of Bioscience: What goes into making a Biotechnology Product captivatingly describes the unique and challenging facets within the exciting field of biotechnology business and medical product innovation. Biotechnology is the melding of business and science and, therefore, creates different challenges than those faced by other industries. There are longer development times, costly product development and clinical trials, unique talent requirements, and a changing regulatory environment. In this book you will find practical answers to: Why does it take so long to develop a biotechnology product? What is involved in making a therapeutic or diagnostic? How much money is needed to develop a product idea from bench to bedside? What are the characteristics and backgrounds of entrepreneurs who lead these organizations? How do you go about starting a biotechnology company? This book contains a wealth of technical, business and leadership insights conveyed with a "behind the scenes" look into the everyday challenges in biotechnology product development.

Includes supplementary material: sn.pub/extras

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?.