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Synosis: the Financial Leverage of Translational Medicine

 
• By Roger Longman

Biotech investors have struggled with the fact that it takes take years, hundreds of millions of dollars, and widely varying sets of expertise to create a product. For Synosis, the answer is translational medicine: it starts life with nine compounds from three European companies, aiming to figure out the best indications and dosing for each, prove them through Phase II, and then out-license them.

For decades, venture investors have struggled with the a basic business-model problem: how to make money from companies that, to create a product, require years, hundreds of millions of dollars, widely varied kinds of management expertise, and lucky sevens on dozens of scientific and commercial bets.

The answer, broadly speaking, is translational medicine. In any event, that’s the latest business proposal from Versant Ventures.

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