Solutions For Challenges Medical Entrepreneurs Face When Creating Biotechnology Startups

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dc.contributorSessler, Jonathan
dc.creatorXiong, Yuqing
dc.date.accessioned2019-01-16T16:26:04Z
dc.date.available2019-01-16T16:26:04Z
dc.date.issued2017-05
dc.description.abstractMany obstacles impede the success of biotechnology startups. The Food and Drug Administration's (FDA) clinical trials is one of the primary challenges. The FDA currently imposes rigorous standards before a biotechnology company’s product is approved for dissemination to the public. A result of FDA standards is a costly 7.5-year average product development pipeline that hinders companies, already limited in cash and resources, from quickly generating steady streams of income to sustain their businesses. After a literature review, several important areas of focus were highlighted by individuals who successfully started biotechnology companies or have expertise in the area. They advocated best-practice policies in areas for securing funding, navigating the FDA’s clinical trials, utilizing local resources, and testing products. In addition, a case study was conducted on a Texas-based biotechnology company called Mirna Therapeutics Inc., to highlight some of the best-practices endorsed from literature, as well as to show their limitations. This research could potentially foster a new way of looking at biotechnology startups and provide insightful techniques which entrepreneurs could utilize for their current or future businesses in the field.en_US
dc.description.departmentBusiness Administrationen_US
dc.description.departmentPlan II Honors Program
dc.identifierdoi:10.15781/T2RN30V0S
dc.identifier.urihttp://hdl.handle.net/2152/72421
dc.language.isoengen_US
dc.relation.ispartofPlan II Honors Theses - Openly Availableen_US
dc.rights.restrictionOpenen_US
dc.subjectPlan II Honors Thesis
dc.subjectmedical entrepreneuren_US
dc.subjectbiotechnology startupsen_US
dc.subjectstartup ecosystem and environmenten_US
dc.subjectbest entrepreneurial practicesen_US
dc.subjectsustainable business modelsen_US
dc.titleSolutions For Challenges Medical Entrepreneurs Face When Creating Biotechnology Startupsen_US
dc.typeThesisen_US

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