Science Business

The Promise, the Reality, and the Future of Biotech

Gary P. Pisano

$82.95 $74.79

Hardback

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English

Harvard Business Review Press
01 November 2006

Business strategy

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.

By: Gary P. Pisano
Imprint: Harvard Business Review Press
Country of Publication: United States
Dimensions: Height: 243mm, Width: 165mm, Spine: 27mm
Weight: 532g
ISBN: 9781591398400
ISBN 10: 1591398401
Pages: 256
Publication Date: 01 November 2006
Audience: General/trade , ELT Advanced
Format: Hardback
Publisher's Status: Active

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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Science Business

The Promise, the Reality, and the Future of Biotech

Gary P. Pisano

$82.95 $74.79

Hardback

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