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11-26-2004, 12:17 AM
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Confirmed User
Join Date: Feb 2004
Location: Vancouver, Canada
Posts: 7,662
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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.
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11-26-2004, 12:20 AM
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#2 | |
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Too lazy to set a custom title
Industry Role:
Join Date: Jan 2001
Posts: 51,692
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Ever heard about acacia ? patents ?
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11-26-2004, 12:33 AM
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#3 | |
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Confirmed User
Join Date: Feb 2004
Location: Vancouver, Canada
Posts: 7,662
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Quote:
XBiz and Biotech, similarities?
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11-26-2004, 12:33 AM
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#4 |
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Confirmed User
Join Date: Mar 2004
Location: San Diego, California
Posts: 414
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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.
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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. |
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11-26-2004, 12:35 AM
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#5 | |
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Confirmed User
Join Date: Feb 2004
Location: Vancouver, Canada
Posts: 7,662
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Quote:
But I thought many biotech companies aren't selling a single product, yet reporting massive revenues.
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11-26-2004, 12:37 AM
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#6 | |
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Too lazy to set a custom title
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Join Date: May 2003
Location: icq: 71462500 Skype: Jupzchris
Posts: 27,880
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Quote:
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11-26-2004, 12:39 AM
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#7 | |
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Confirmed User
Join Date: Feb 2004
Location: Vancouver, Canada
Posts: 7,662
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Quote:
 Yes, I heard *of* it, thought it has something to do with DRM/Video.
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11-26-2004, 12:40 AM
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#8 | |
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Too lazy to set a custom title
Industry Role:
Join Date: Jan 2001
Posts: 51,692
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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
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11-26-2004, 01:52 AM
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#9 | |
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I help you SUCCEED
Industry Role:
Join Date: Nov 2003
Location: The Pearl of the Orient Seas
Posts: 32,195
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Quote:
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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