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Lessons learnt and Strategies developed for five Biotech & Life Sciences clients.
1. Lessons learnt and
Strategies developed for
five Biotech & Life
Sciences clients.
by: Asimwe Raymond
Managing Partner,
Bytelex Advocates.
2. Challenge Solution/Strategy
Access to Capital Starting lean and focusing on research grant
funding.
Regulatory Approvals Education to create awareness of the relevant
approvals and cultivating reliable government
relationships.
Human Resources Over time companies out-grow their core
team. Timely and intensive hiring of highly
skilled personnel may be required.
Rapid global operations/scaling Often times there is immense demand for the
product/service. Companies need to identify
trusted third-party service providers that will
oversee legal, accounting and finance.
Few exit options Alternative exit strategies such as developing
joint ventures to develop innovations further.