The Greatest Threat to R&D Companies: A Loss in the Lab
By Daniel Brettler, Senior Vice President, Life Science & Technology Practice Leader, Conner Strong
Our country is facing one of the worst financial crises in more than a generation. Life science and technology companies face many of the same struggles seen throughout the country. Inability to raise capital, increased operating costs, increased global competition and increased governmental and industry regulations are just a few.
But, the greatest physical threat to life science and tech companies? A loss in the lab. It’s there that some of the most rewarding, and yet riskiest, work is performed in this country. Research and development projects consume vast resources—human and capital— and bumps in the road can greatly impact revenue, operating expenses, results, liability and property. Whether your business is creating a medical device or discovering a new vaccine, it’s your research lab that offers the greatest potential and greatest threat. Read more