Kaleidoscope.bio reposted this
The amazing thing about biotech is that each company is fighting to commercialize a novel piece of science. But most biotechs are less unique than they seem. Put differently: most biotechs have for more in common with each other than they perhaps think (or care to admit). While the underlying technology or scientific advancement is likely very special and often one-of-a-kind, most of the surrounding 'tissue' is shared across the industry. Design cycle runs, target-indication evidence, TPPs, regulatory, production/scaling, talent recruitment, major fundraising milestones -- these are a few examples of challenges that every biotech faces. And when you group companies by e.g. modality, these challenges are near-identical. Yet so many biotechs (consciously or subconsciously) make the mistake of assuming that novel science = novel everything else, and they overextend how many things they do in-house. What ends up happening is that many companies recreate the wheel, when it comes to the processes or tools that they use. They burn huge amounts of valuable time, human resource, and cash, instead of focusing this on their most differentiated aspect: their science. The industry as a whole can stand to benefit a lot from building on top of things, be it past learnings, partnerships, or industry standards. And, of course, more open discourse around the very real challenges of successfully going from a nugget of an idea, through novel R&D, and finally to market. We published a brief piece about this, which you can read here: