Discovery dealmaking is by no means dead—but it's certainly been practicalized. The deals are also a lot less costly for technology buyers. "These deals take a lot more work than they used to," says Michael Grey, chief business officer at Structural GenomiX Inc. (SGX) "No one's selling technology on promise anymore. Technology purchasing decisions are being made on the basis of data—that the technology can do what's claimed for it and deliver benefit."
He should know. In the last few months, his industry segment--high-throughput structural biology--has seen a flurry of dealmaking. But it's not yet frequent or rich enough to justify the venture...
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