Science Business: The Promise, the Reality, and the Future of Biotech
by Gary P. Pisano

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

Book Review: A solid introduction to Biotech from a business perspective
Summary: 5 Stars

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

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: 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 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.

Strategy & Competition Books

• Business & Investing > Management & Leadership
• Leadership
• Management
• General
• Industries & Professions > General
• Science > Biological Sciences > Biotechnology
• Professional & Technical > Engineering > Bioengineering > Biotechnology
• Professional Science > Biological Sciences > Biotechnology