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The biotech industry, one of the US economy’s most innovative sectors, continues to confront massive challenges in raising vital capital for growth. In addition to threatening the United States’ historical leadership in this area, this mounting problem has important near- and long-term implications for big pharmaceutical companies with pinched R&D budgets struggling to create new drugs, the country’s job growth, and the world’s overall well-being. However, an effective solution can be devised by creating a Biotech Fund that smartly deploys Big Pharma's cash to solve the capital crunch of this critical sector of our economy.
To understand the biotech sector’s capital crisis, consider the wide gulf that exists between the 12–15 year timelines for new drug development and the much shorter time horizons of venture ...
