Financial risk is always associated with drug discovery…
“Financial risk is always associated with drug discovery. But the benefit that a blockbuster drug can bring to the business can be phenomenal if you can take that risk.”
About This Quote
Source Interview: Pharma Leadership Forum, 2022
Investing in drug discovery is risky, but the payoff of a successful blockbuster can be huge.
In simple terms: High risk can lead to high reward in pharma.
Key Takeaway
Balance risk with potential impact.
Themes
risk
innovation
reward
Mood
analytical
optimistic
Type
strategic
inspirational
When to use this quote
- R&D budgeting
- portfolio management
- startup funding
- clinical trials
Key Concepts
pharmaceutical economics
venture capital
Questions to Reflect On
- What criteria determine acceptable risk?
- How do you mitigate potential failures?
A Different Perspective
Risk can also lead to massive financial loss and ethical concerns.