US Capitol Capsule: Drive, faith and some government help: building biotech success
This article was originally published in Scrip
Executive Summary
While there's 100 or so biotechs formed each year, an extraordinary thing happened last week that not only was another sign the industry is thriving after years of struggle, but also was a major achievement for the US National Center for Advancing Translational Sciences (NCATS), whose mission includes de-risking investigational medicines to attract commercial investment, with the aim of getting those products to the market sooner.
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