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By R. Ono

The enterprise of Biotechnology: From the Bench to the road essentially addresses the main frequently requested questions about contemporary aggressive outlook during this quickly advancing box. As a photograph of present matters and possibilities in advertisement biotechnology, this quantity also will end up to be a reference instrument of lasting functional price to entrepeneurs, managers, experts, and similar provider services

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The typical new product concept arises directly from a scientific finding: the scientist observes a new effect, isolates a new gene and/or protein, and then hypothesizes its function; from there the scientist (or someone else) hypothesizes a use in the human body. ) There are a large number of world-class scientists now working in the biotechnology field in academia. Because of intense worldwide competition among academic researchers in this field, and because of the unusually rapid development of new tools in the field, the science is progressing at an astonishing rate.

Now venture capital could tap into the largest pools of money in the economy. Other fac- MIRACLES AND MONEY: THE EVOLUTION OF A NEW INDUSTRY · 17 Other factors also channelled capital toward new, technologically oriented firms. The inflation of the 1970s depressed real returns among established corporations, and manufacturing, beset by foreign competition, took a nose dive [Florida 1990], particularly in the recession of the early 1980s. Investors began to look toward technology as a way of breaking out of hard economic times.

It was formed to exploit natural, not synthetic, substances. It had been a rank outsider that challenged the established, bureaucratic giants. Originally, it had no other weapon but its scientific skills. It captured the wild, promiscuous imagination of the stock market. Even the role of Russell Marker, scientific entrepreneur and former academic, echoes in the later history of biotechnology. Syntex taught a few basic strategic lessons that were central to later biotechnology strategic planners.

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