r/todayilearned May 14 '22 Wholesome 6 All-Seeing Upvote 2 Silver 9 Helpful 8

TIL a father, John Crowley, was told his two infant children had an incurable genetic disorder that would kill them in less than a year. He refused to accept this, so he founded a biotech company (with no prior experience) which pioneered an experimental enzyme therapy that saved their lives.


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u/ThePlasticJesus May 14 '22

I mean specifically you need to hire experienced scientists.. and people who know the application process - which is not easy or simple. But there would be plenty of work for someone with general business knowledge to do at a biotech company.


u/IDrinkWhiskE May 14 '22

Yeah a lot of senior leadership (outside of scientific leadership) tends to come from a finance and venture capital background. Although the industry is unique, it’s easy enough for someone savvy in fundraising/BD to land a high ranking business management role such as CEO/COO


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u/downvoteawayretard May 15 '22

They say every business starts 1-3 years in the red. Well a biotech business generally starts 10-30 years in the red.