Investing A La Carte: Making Separate Bets on Discovery and Development to Boost Near-Term Returns

As executives and investors scramble to find business models that more closely link investment and return, a handful of technology firms have alit on variations of a capital-efficient strategy: let someone else do the development dirty work.

By Christopher Morrison

There's an old ice hockey saying that's become an oft-used metaphor for biotech companies and investors seeking big payouts from...

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