The term “Valley of Death” has come to describe the period of transition when a developing technology is deemed promising, but too new to validate its commercial potential and thereby attract the capital necessary for its continued development1. During this transition, there is often a funding gap due to the weariness of risk-adverse investors. This is especially true today with the depressed market, creating limited exit strategies for early investors.
Drug discovery often begins in academic research labs; many of today’s best selling and leading edge products have their roots in academia. These include Byetta, Copaxone, Geldanamycin, Emtriva, Alimta, Taxol, and Rapamycin. But the process of translating a laboratory discovery into a drug is fraught with difficulties. There is a tremendous gap between the time of the original discovery and the time to market.
To read the full, original article click on this link: Crossing the Biotech 'Valley of Death': From Innovation to Cure -- Seeking Alpha
Author: Jason Chew
