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Dr. Caroline Barelle MBA, PhD, BSc Biochem, discusses the challenges and process of establishing a biotech company. From conception to birth, learn about the investment, development, and labor involved in the biotech industry. Discover the potential for early revenues and the importance of a strong team and external support.
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Giving birth to a biotech........where’s the pain relief ?! Dr Caroline Barelle MBA
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The Business of Biotech……………… Takes a long time and a lot of money
The Model……………… • Medical devices, • Clinical Diagnostics, • Lower risk, lower return • Potential for early revenues • Exit often trade-sale • Drug discovery • High risk • Makes nothing, sells nothing • 99% chance of failure • Consumes loads of cash • Returns are staggering if successful
The Model……………… • Medical devices, • Clinical Diagnostics, • Lower risk, lower return • Potential for early revenues • Exit often trade-sale • Drug discovery • High risk • Makes nothing, sells nothing • 99% chance of failure • Consumes loads of cash • Returns are staggering if successful
Money, money, money……………….. Seed Series A Series B Series C
The Development……………….. Reporting Conferences Milestones Collaborations CROs Meetings Science Value build Investor ready Value proposition Commercial Investors Customers Consultants BP IP Secure seed/series A
The Labour……………….. • Lead the Science • Operations • Business Development • Commercialisation/Corporate • Alliance management • Reports • Due Diligence • IP • Papers • Conferences • BioPartnering • Budget
The Birth……………….. • Articles of association • Shareholding • Legal • Employee contracts • Facilities • Finance • IP • Consultants • SAB • Chair • Directors • NEDs • Marketing • Website • HR • Organizational Development • Press The next tranche of cash!
The Pain Relief……………….. • A good team • External support • Be realistic • Enjoy