Course Description

This course will take a practical, hands-on approach to studying the strategy and dynamics necessary for the growth of a biotechnology company from a basic research effort located in a research institution to a fully financed, stand-alone business operation prepared to place finished products in the life science marketplace and to generate a financial return for investors. Through a different panel of expert speakers each week—with specific experience in the week’s topic—the discussion will build on the previous weeks’ topics to arrive at a finished construct of a fully operational biotechnology company. There will be an emphasis on interactive discussions between class members and panelists. Panel members will offer first-hand observations, insights, and personal anecdotes concerning their experiences in building different aspects of a life-science company. Discussions will include critical-thinking and management decisions during times of technology challenge, financial adversity, and growth. 

Prerequisites

basic or advanced knowledge of science; TECH 565 is helpful, but not required.

Learning Objectives:

• Develop a working understanding of the structure and management of biomedical business firms
• Comprehend the critical thinking needed for management decisions during times of financial hardship and growth
• Be able to effectively interact with biotech stakeholders to discuss issues relating to finance, R&D, marketing, manufacturing, and human resources

Credentials:

Textbook Information

The recommended textbook for TECH 566 can be purchased through FAES or on your own.

Name of Textbook: Building Biotechnology: Biotechnology Business, Regulations, Patents, Law, Policy and Science, 4th ed. (2014)

Textbook Fee: $99.99

Instructions for purchasing textbook: Register for the section with book. Upon receipt of payment and fulfillment of your book order, FAES will notify you that the textbook can be picked up at the FAES Bookstore in Building 10 on the NIH main campus in Bethesda.

If you are unable to pick up the textbook at the FAES Bookstore and would like the textbook mailed to you, contact FAES at: (301) 496-7976 or registrar@faes.org. There is an $11 mailing fee.