Overcoming Disaster: What Biotechs Do When A Lead Asset Fails

Drug candidates fail at an alarming rate. For biotechs that seemingly have their entire future - and tens of millions of investor dollars - tied up in one compound or one clinical trial, failure of a lead asset can mean certain, sudden death. Meet four small companies that had another plan.

For a biotech, there are many ways failure can strike.

One small company suffered what its chief executive called a "stunningly disappointing" failure with a Phase III melanoma treatment and...

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