Question in regards to Biotech

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  • Steen2
    Confirmed User
    • Feb 2004
    • 7662
    #1

    Question in regards to Biotech

    I guess I am a clueless GFYer when it comes to business.

    How are Biotech companies making so much money without selling any products right now? Is the government (or private groups) paying them for research?

    Thx.
    ICQ: 2262.73945
    Tags: None
    • Doctor Dre
      Too lazy to set a custom title
      • Jan 2001
      • 51692
      #2
      Ever heard about acacia ? patents ?
      Originally posted by rayadp05
      I rebooted, deleted temp files, history, cookies and everything...still cannot view the news clip. All I see is that fucking gay ass music video from "Rick Roll". Anyone else have a different link to the news clip?

        Comment

        • Steen2
          Confirmed User
          • Feb 2004
          • 7662
          #3
          Originally posted by Doctor Dre
          Ever heard about acacia ? patents ?
          Acadia? Heard the name thrown around in XBiz, other than that, no.

          XBiz and Biotech, similarities?
          ICQ: 2262.73945

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            • fulcrumstudio
              Confirmed User
              • Mar 2004
              • 414
              #4
              Here the answer straight from my wife ( lawyer/microbiolgist ) who does FDA compliance and regulatory affiars for an industry leader.

              During a republican administration bio-products are approved much easier through the FDA for both new and revised product submissions. Companies can bring more porducts to market faster and with much less overhead, thus making it much easier to be profitable and sustain growth.
              Last edited by fulcrumstudio; 11-25-2004, 10:34 PM.
              SIG TOO BIG! Maximum 120x60 button and no more than 3 text lines of DEFAULT SIZE and COLOR. Unless your sig is for a GFY top banner sponsor, then you may use a 624x80 instead of a 120x60.

                Comment

                • Steen2
                  Confirmed User
                  • Feb 2004
                  • 7662
                  #5
                  Originally posted by fulcrumstudio
                  Here the answer straight from my wife ( lawyer/microbiolgist ) who does FDA compliance and regulatory affiars for an industry leader.

                  During a republican administration bio-products are approved much easier through the FDA for both new and revised product submissions. Companies can bring more porducts to market faster and with much less overhead, thus making it much easier to be profitable and sustain growth.
                  I thank your wife.

                  But I thought many biotech companies aren't selling a single product, yet reporting massive revenues.
                  ICQ: 2262.73945

                    Comment

                    • Chris
                      Too lazy to set a custom title
                      • May 2003
                      • 27880
                      #6
                      Originally posted by Steen2
                      Acadia? Heard the name thrown around in XBiz, other than that, no.

                      XBiz and Biotech, similarities?
                      you have never heard of acacia ? i know your jokin lol
                      [email protected]

                        Comment

                        • Steen2
                          Confirmed User
                          • Feb 2004
                          • 7662
                          #7
                          Originally posted by JupZChris
                          you have never heard of acacia ? i know your jokin lol
                          I am not an "adult webmaster"

                          Yes, I heard *of* it, thought it has something to do with DRM/Video.
                          ICQ: 2262.73945

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                            • Doctor Dre
                              Too lazy to set a custom title
                              • Jan 2001
                              • 51692
                              #8
                              They got patents on streaming videos ... they want a revenue from anybody using thoses patents .

                              I'm pretty sure bio works that way too ... just way more structured
                              Originally posted by rayadp05
                              I rebooted, deleted temp files, history, cookies and everything...still cannot view the news clip. All I see is that fucking gay ass music video from "Rick Roll". Anyone else have a different link to the news clip?

                                Comment

                                • $5 submissions
                                  I help you SUCCEED
                                  • Nov 2003
                                  • 32195
                                  #9
                                  Originally posted by Steen2
                                  I guess I am a clueless GFYer when it comes to business.

                                  How are Biotech companies making so much money without selling any products right now? Is the government (or private groups) paying them for research?

                                  Thx.
                                  Inverstors are paying for Potential. It's a gamble but it is all tied into the product field the company is doing research in.
                                  It CAN pay off. For example: Genentech was a gamble for a long time until they came up with their anti-blood clot drug.

                                  Same with Gilead Sciences' retroviral portfolio (VIREAD).

                                  You just have to pick the right ones and ride out the cycles.

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