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Anne Evans: Assessment of a Biotechnology Market Opportunity

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  • Anne G. Evans
  • Nikhil P. Varaiya

Abstract

This case describes Anne Evans’ search for a market opportunity in the biotechnology industry, and examines the feasibility of establishing a new venture to exploit this opportunity. The drug development process in the biopharmaceutical industry spans three critical phases: pharmaceutical discovery, pharmaceutical development, and product marketing. The drug development process is a very capital–intensive process with expenditures averaging $800 million per drug and with very high failure rates—only one out of 5,000 compounds that emerge from discovery and preclinical testing will make it into the market. The drug development process therefore contributes to very high cash burn rates and corporate failures in the biotechnology industry.

Suggested Citation

  • Anne G. Evans & Nikhil P. Varaiya, 2003. "Anne Evans: Assessment of a Biotechnology Market Opportunity," Entrepreneurship Theory and Practice, , vol. 28(1), pages 87-106, January.
    • Handle: RePEc:sae:entthe:v:28:y:2003:i:1:p:87-106
    DOI: 10.1111/1540-8520.00033
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    Cited by:

    1. Choi, Joonhwan & Lee, Jaegul, 2017. "Repairing the R&D market failure: Public R&D subsidy and the composition of private R&D," Research Policy, Elsevier, vol. 46(8), pages 1465-1478.
    2. Nadja Hatzijordanou & Nicolai Bohn & Orestis Terzidis, 2019. "A systematic literature review on competitor analysis: status quo and start-up specifics," Management Review Quarterly, Springer, vol. 69(4), pages 415-458, November.

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