Remove Cost Control Remove Government Remove Marketing Remove Pharmaceuticals
article thumbnail

How To Overcome Three Challenges Facing Biotech Companies In 2021

Velocity Global

The process of developing a treatment, earning regulatory approval, and bringing a product to market averages 15 years, meaning firms often spend more than a decade on a product before seeing any return on their investment. Government interference in pricing would cut into biotech firm profits. regulations in 2021 and beyond.