Business Development in Biotech
<p>Business development plays a critical role in the biotech industry. For early-stage biotech companies, business development is essential to securing the funding and partnerships needed to advance research and development. More established biotechs also rely heavily on business development to obtain access to new technologies, products and markets through licensing deals, mergers and acquisitions.</p>
<p>There are several key ways that business development creates value in biotech:</p>
<p>Securing startup funding — early-stage biotechs need significant capital to get off the ground. Business developers are tasked with pitching the company’s science and vision to venture capital firms, corporate venture groups and angel investors. Successfully raising a Series A or seed round can validate the company’s potential and enable it to hire key scientists, rent lab space and begin R&D.</p>
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