Building A Fully Integrated Biotech Company: What It Takes

A typical mature biotech company evolves over four discrete stages – from the initial discovery stage through the preclinical and early clinical stage, then to the late clinical trials and commercial build-out – before it becomes a fully integrated biotech company. The final transition is a make-or-break scenario for any biotech company, and high-quality marketed products alone don’t guarantee a successful transformation.

A typical mature biotech company evolves over four discrete stages – from the initial discovery stage through the preclinical and early clinical stage, then to the late clinical trials and commercial build-out – before it becomes a fully integrated biotech company (FIBCO). The final transition to full integration is a particularly critical test for the executive team.

Bain & Co. research, based on the FIBCOs among the top 35 biotech companies, shows that firms replace about 50%...

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