Re:Biotech in the Garage
by technotony on Tuesday July 07, 2015 @03:52PM
(#9847669)
there's a reason these companies are startups not CRO's, because they are applying technology to solve problems and that means they can grow fast. Outsourcing costs are falling fast for the same reasons that hardware startups costs are falling: software eating the world. In this case a convergence of automation/internet of things technologies with lab technologies means lower cost experiments, more leverage from researchers (code once and anyone can reuse your code) etc.
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You're correct that specific technologies can drive a small company (Heptares in the UK [0] -- springs to mind). Mostly, though they are business-to-business, rather than the typical view of startups.
Re:Biotech in the Garage
by HarryHirsch on Tuesday July 07, 2015 @04:02PM
(#9847722)
Software eating the world? In pharma??? At the end of the day it's still chemists in labs preparing compounds that are then put through assays and clinical trials.
It's Wall Street eating science, that's all.