| Science Business: The Promise, the Reality, and the Future of Biotech Contributor(s): Pisano, Gary P. (Author) |
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ISBN: 1591398401 ISBN-13: 9781591398400 Publisher: Harvard Business Review Press OUR PRICE: $33.25 Product Type: Hardcover Published: November 2006 Annotation: Why has the biotechnology industry failed to perform up to expectationsdespite 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 biotechs problems; he offers the most sophisticated analysis yet on how the industry works. And he provides clear prescriptions for companies, investors, and policymakers seeking ways to improve the industrys performance.According to Pisano, the biotech industrys problems stem from its special character as a science-based business. This character poses three unique business challenges: 1) how to finance highly risky investments under profound uncertainty and long time horizons for R&D, 2) how to learn rapidly enough to keep pace with advances in drug science knowledge, and 3) how to integrate capabilities across a broad spectrum of scientific and technological knowledge bases. The key to fixing the industry? Business models, organizational structures, and financing arrangements that place greater emphasis on integration and long-term learning over shorter-term monetization of intellectual property. Pisano maintains that all industry playersbiotech firms, investors, universities, pharmaceutical companies, government regulatorscan play a role in righting the industry. The payoff? Valuable improvements in health care, and a shinier future for human well-being. |
| Additional Information |
| BISAC Categories: - Science | Biotechnology - Business & Economics | Industries - General - Business & Economics | Leadership |
| Dewey: 338.476 |
| LCCN: 2006016541 |
| Physical Information: 1.04" H x 6.44" W x 9.48" (1.17 lbs) 256 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: 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. |
