In the fall of 1980, Genentech, Inc., a little-known California genetic engineering company, became the overnight darling of Wall Street, raising over $38 million in its initial public stock offering. Lacking marketed products or substantial profit, the firm nonetheless saw its share price escalate from $35 to $89 in the…
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Why read it?
1 author picked Genentech as one of their favorite books. Why do they recommend it?
Sally Smith Hughes' highly readable tale of the genesis of Genentech provides a no-holds-barred look into the gritty details of how biotech firms are born. Hughes reveals how scientists, lawyers, and venture capitalists work together and collide in a crucible of competing disciplines and desires to produce transformative advances. For those interesting in biotech entrepreneurship or simply investing in biotech, this book offers key foundational insights into the industry.
From K.'s list on biotechnology.
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