Firm Heterogeneity in Biotech: Absorptive Capacity, Strategies and Local-Regional Connections

  • Bagchi-Sen S
  • Lawton Smith H
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Abstract

This paper focuses on the characteristics of biotech firms with various levels of research and development (R&D) activity. It is done by exploring the relationship between R&D intensity, alliances and the extent of regionalization of firms' activities using evidence from a survey of USbased biotechnology firms. We profile two firm prototypes: research-oriented firms and productoriented firms, focusing on their characteristics, strategies and operations. These include activities devoted to exploration and exploitation through alliances with universities (more exploration) and with pharmaceutical companies (exploration and exploitation), and locational needs which facilitate both exploration and exploitation.

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Authors

  • Sharmistha Bagchi-Sen

  • Helen Lawton Smith

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