Breaking Barriers: Challenges and Strategic Growth for Taiwan Biotech in the Global Market
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What’s the challenge of business development for Taiwan biotech company?The first challenge is corporate awareness, even it’s public listed with hundred billions capital size in Taiwan , but is still no awareness in global pharmaceutical market. You are nobody out of Taiwan. The second is less global BD talent in Pharma industry. Especially not familiar in licensing-out business due to limited experience in past decades. The third is weak international networks to foster connections, the main reason is no affiliate or branch in US or EU. And the fourth is not to know global marketing.
The last and critical challenge is top management concept and mindset. The long term and comprehensive planning with talent and strategy is needed, however, usual less foresight and just think how to pleased investors.