The entrepreneur’s guide to a biotech startup

When you’re applying for a  job in the biotechnology sector, one of the best ways to set yourself apart from the competition is through the knowledge of the industry you bring to the table.

If you’ve ever thought of taking your PhD into the world of high finance, or dreamed of starting your own company someday, then the free e-book, The Entrepreneur’s Guide to a Biotech Startup is a must-read — but understanding how all the different parts of a biotech company work together will help you in your biotech career no matter what you do.

No job exists in a vacuum. You may be applying for a job as a preclinical scientist, but if you understand how the work you do at the bench relates to the rest of the company — intellectual property, regulatory affairs, technology transfer and more — then you are in a position to deliver real value.

The Guide is a phenomenal resource for understanding how biotech companies are put together.  The author, Peter Kolchinsky, is a Harvard-trained virologist who finished his PhD and began working as an investment analyst in the biotech sector. The guide clearly explains how biotech firms are built from the ground up, beginning with an idea, and moving chapter by chapter through the business plan, legal issues, staffing, public relations, business development and more, all the way to raising capital and going public with an IPO. The chapters on drug pricing principles and clinical development are fantastic introductions to these fields for anyone exploring a career in health economics or clinical research.

The book closes with a brief note on networking, and I think the closing paragraphs are too good not to share:

“Knowing someone involves more than remembering their face and name. Well-networked people . . . find opportunities to interact with the same people on multiple occasions. Like a finger-drawing on a fogged window, a network must be traced and retraced or else it disappears.”

The best thing about the guide?  It’s free! You just need to register at Evelexa BioResources, a site full of information about biotech ventures, and you’ll be able to download it as a PDF.

Posted: January 20th, 2009 | Author: | Filed under: Resources | Tags: , , , , , , , | No Comments »