An analysis of R&D, innovation and business performance in the US biotechnology industry

Research output: Contribution to journalArticlepeer-review

29 Scopus citations

Abstract

This study examines the relationship between R&D intensity, innovation and business performance in the US biotechnology industry. A related objective is to analyse the similarities and differences in innovation strategies, factors affecting business performance, and barriers to innovation in R&D and product/process oriented biotechnology firms. The data for the study are gathered through a postal survey and personal interviews with company personnel involved in R&D. Results show that during the study period (1993-1998), R&D intensive firms were successful in obtaining both domestic and international patents as well as contract revenue through licensing agreements. Product/process oriented firms showed some commercial success in that some of them note a growth in pre-tax profit. Both R&D and product/process oriented firms note some differences in rating the importance of specific innovation strategies and barriers. However, both groups agree that quality control is important and collaboration, specifically with university scientists, is important for continued success. All firms rate regulations in the US and in foreign markets as major barriers to innovation.

Original languageEnglish (US)
Pages (from-to)267-286
Number of pages20
JournalInternational Journal of Biotechnology
Volume3
Issue number3-4
DOIs
StatePublished - 2001
Externally publishedYes

Keywords

  • Barriers
  • Biotechnology
  • Innovation
  • R&D intensity

ASJC Scopus subject areas

  • Bioengineering
  • Management of Technology and Innovation

Fingerprint

Dive into the research topics of 'An analysis of R&D, innovation and business performance in the US biotechnology industry'. Together they form a unique fingerprint.

Cite this