R&D Sustainability of Biotech Start-ups in Financial Risk

• Published in: Asian Journal of Innovation and Policy Vol. 7; no. 3; pp. 625 - 645
• Main Author: Fujiwara, Takao
• Format: Journal Article
• Language: Korean
• Published: 2018
• Subjects: R&D sustainability; Bayesian MCMC; valley-of-death; financial crisis; Biotech start-ups

This paper's objective is to draw a decision guideline to continue research and development (R&D) investments in biotech start-ups facing the "Valley of Death" syndrome - a long negative profit period during a financial crisis. The data include financial indices as Net income, Rev...