How much money does a biotech startup need? Short fast 1 minute answer!
Biotech startups who are looking to do a simple drug discovery project need a budget to cover all of their costs from human resources to transfer and laboratory costs.
This applies to all biotech companies, no matter what product or service you plan to sell. For developing a new drug, it is likely that you will need around 2.5 billion dollars and around 10-15 years of work for the drug to be ready for market