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Biotech’s Double-Edged Sword: Extraordinary Funding Run Contributes To Talent Crisis

Company Creation Outpaces Availability Of Experienced Candidates

 
• By Mandy Jackson

Finding good leaders always has been hard, but record-breaking VC investment and IPOs, COVID-19 and diversity initiatives have compounded the growing problem. 

hiring concept
It has been never easy to find the perfect candidate for key roles • Source: Alamy

Industry’s run of raising enormous amounts of cash for new and growing biopharmaceutical companies has created a double-edged sword, producing a shortage of talent to run these firms and to oversee research and development pipelines fueled by record-breaking levels of venture capital investment and initial public offerings.

Biopharma’s talent crisis has been impacted by COVID-19 in important ways as well. Companies had to rapidly hire additional employees to bring forward vaccines and therapies against the novel coronavirus....

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