Biotechnology companies often conduct internal R&D efforts but do not bring new products to market.Instead,new biotechnology products come to market through:

Question

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Biotechnology companies often license their technology to larger pharmaceutical or biotech firms with the resources to bring products to market. This allows the smaller company to monetize their research while the larger company has the infrastructure to handle manufacturing, marketing, and distribution.

Biotechnology Companies Often Conduct Internal R&D Efforts but Do Not