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<!--StartFragment--><div class="_2cuy _3dgx _2vxa">Hello everyone!<br><br></div><div class="_2cuy _3dgx _2vxa">I am considering working toward beginning a biotech startup.<br><br></div><div class="_2cuy _3dgx _2vxa">(As an entrepreneur, I have opened business in other industries.)<br><br></div><div class="_2cuy _3dgx _2vxa">So, in just exploring this idea I thought I would speak with those who already work in the industry and who may have some insights that don't come from simply Googling this or that.<br><br></div><div class="_2cuy _3dgx _2vxa">So, a few questions if I may:<br><br></div><span class="text_exposed_show"></span><ol class="_5a_q _509r" dir="ltr" style=""><li class="_2cuy _509s _2vxa">If you had a magic wand and you could use it to remove any problem in the biotech industry ... what would that be, and why?</li><li class="_2cuy _509s _2vxa">Biotech R&D is incredibly expensive. What are the average costs for biotech R&D? What elements within R&D cost the most? What tools are already on the market that biotech firms use to try and address this issue and bring down costs?</li><li class="_2cuy _509s _2vxa"><br></li></ol><span class="text_exposed_show"></span><div class="_2cuy _3dgx _2vxa" style="">(Investopedia and Statista both suggest that R&D costs can run anywhere from 17% (the average) up to 50% of a company's revenue.<br><br></div>However, I think my question is based more on what budgetary line items are the most expensive within the R&D budget<span class="text_exposed_show"></span><div class="_2cuy _3dgx _2vxa" style=""><br></div><span class="text_exposed_show"></span><div class="_2cuy _3dgx _2vxa" style="">3) Another problem is low R&D productivity. What causes this low productivity, and how are biotech industries trying to address these problems today?<br><br></div><span class="text_exposed_show"></span><div class="_2cuy _3dgx _2vxa" style="">I hope some of you may take the time to respond.<br><br></div><span class="text_exposed_show"></span><div class="_2cuy _3dgx _2vxa" style="">Thank you in advance!</div><span class="text_exposed_show"></span><!--EndFragment-->
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<!--StartFragment--><div class="_2cuy _3dgx _2vxa">Hello everyone!<br><br></div><div class="_2cuy _3dgx _2vxa">I am considering working toward beginning a biotech startup.<br><br></div><div class="_2cuy _3dgx _2vxa">(As an entrepreneur, I have opened business in other industries.)<br><br></div><div class="_2cuy _3dgx _2vxa">So, in just exploring this idea I thought I would speak with those who already work in the industry and who may have some insights that don't come from simply Googling this or that.<br><br></div><div class="_2cuy _3dgx _2vxa">So, a few questions if I may:<br><br></div><span class="text_exposed_show"></span><ol class="_5a_q _509r" dir="ltr" style=""><li class="_2cuy _509s _2vxa">If you had a magic wand and you could use it to remove any problem in the biotech industry ... what would that be, and why?</li><li class="_2cuy _509s _2vxa">Biotech R&D is incredibly expensive. What are the average costs for biotech R&D? What elements within R&D cost the most? What tools are already on the market that biotech firms use to try and address this issue and bring down costs?</li><li class="_2cuy _509s _2vxa"><br></li></ol><span class="text_exposed_show"></span><div class="_2cuy _3dgx _2vxa" style="">(Investopedia and Statista both suggest that R&D costs can run anywhere from 17% (the average) up to 50% of a company's revenue.<br><br></div>However, I think my question is based more on what budgetary line items are the most expensive within the R&D budget<span class="text_exposed_show"></span><div class="_2cuy _3dgx _2vxa" style=""><br></div><span class="text_exposed_show"></span><div class="_2cuy _3dgx _2vxa" style="">3) Another problem is low R&D productivity. What causes this low productivity, and how are biotech industries trying to address these problems today?<br><br></div><span class="text_exposed_show"></span><div class="_2cuy _3dgx _2vxa" style="">I hope some of you may take the time to respond.<br><br></div><span class="text_exposed_show"></span><div class="_2cuy _3dgx _2vxa" style="">Thank you in advance!</div><span class="text_exposed_show"></span><!--EndFragment-->
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