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VC-Led Biotech Model Systemically Difficult To Adopt In Korea

Multiple Cultural, Management Challenges

 
• By Jung Won Shin

A research fellow at South Korea's Science and Technology Policy Institute talked at a recent seminar about the key funding, management and other challenges faced by the domestic biotech sector to sustain growth, and how these contrast with the situation in the US.

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Korean Biotech Faces Challenges To Achieve Sustainable Growth • Source: Shutterstock

In a book published in 2006, Professor Gary Pisano implied that given the lack of profitability for the industry as a whole at the time, the US biotech boom should not have happened.

Based on this analysis, another professor, William Lazonick, questioned why money from venture capitalists and big pharma would flow into...

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