Actelion: A Model for European Biotech
Executive Summary
Actelion reached profitability in record time by focusing from the start on the development and commercial end of the business. It in-licensed an unusually late-stage pipeline made up of compounds its founders helped develop, and built its own global sales and marketing infrastructure to maximize the value of its projects. Now Actelion plans to leverage growing profits to go back and nurture earlier stage research-a top-down biotech-building model that may prove inspirational to others.