Why have large pharmaceutical companies been forming alliances with biotechnology companies?

Question

Quizplus · Accepted Answer

Large pharmaceutical companies have been forming alliances with biotechnology companies primarily to develop new products and bring them to market. Biotechnology companies often have innovative ideas and technologies, but lack the resources and expertise to bring new drugs to market. By partnering with pharmaceutical companies, they can access the necessary funding, regulatory expertise, and sales and marketing capabilities to bring their products to market faster and more efficiently. This partnership allows the larger pharmaceutical companies to diversify their product portfolio and develop new drugs that could potentially generate significant profits.

Why Have Large Pharmaceutical Companies Been Forming Alliances with Biotechnology