A Way To Earn Money

IIPM BUSINESS AND ECONOMY

Advancell’s business model is typical of many current Spanish biotech companies: they began providing services as a way to earn money and then invested that money in research and innovation.

The business model isn’t the only typical feature of the Advancell story. CEO Luis Ruiz says his personal story reflects the experience of most others in the current generation of biotechnology entrepreneurs in Spain. He was a molecular biologist with years of experience in academia, then shifted to the local pharmaceutical industry and spent four years in business development.

“I had the rare hybrid academic and business profile that is required for managing these kinds of companies,” ays Ruiz.

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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