Uncertainty in innovation in the biotech-pharmaceutical industry

  • Domonkos
  • Published 2010

Abstract

Biotechnology, just like other dynamically growing branches of industry, has been very rapidly changing. Disruptive innovations arise from time to time. Since this is a very high risk – high benefit industry, and R&D phases often require several hundred millions of dollars, the participants seek to minimize and share risk. In case of biotechnology the… (More)

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