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Genentech
232 pages, 2013
In November 1980, Genentech became the darling of Wall Street when it launched its initial public offering (IPO). The company's IPO raised $38 million, and its share price increased by $89 within the first few minutes of trading.
This was the largest gain in stock market history at that time. After Genentech's IPO, there was an outburst of speculative frenzy over biotechnology as a revolutionary means for creating new and better kinds of pharmaceuticals. Biotechnology became the next big thing and a possible solution to national economic malaise.
In Genentech, Sally Smith Hughes takes us on a journey through the birth of biotechnology. She explores how Genentech, a small start-up, revolutionized the pharmaceutical industry and changed the face of medicine forever. It's a fascinating look into the world of scientific innovation and entrepreneurship.
Hughes highlights the importance of collaboration in scientific research. Genentech's success was not a solo endeavor, but a result of teamwork between scientists, entrepreneurs, and investors. This book encourages us to see the value in working together to achieve common goals.
Genentech doesn't shy away from discussing the ethical dilemmas that come with biotechnology. Hughes digs into the controversies and debates that arose with the development of genetically engineered products. It's a thought-provoking read that encourages us to question and consider the moral implications of scientific advancements.
The book explores the profound impact of Genentech's innovations on the medical field. From the development of synthetic insulin to breakthrough cancer treatments, Hughes shows us how Genentech's work has saved countless lives and continues to shape the future of medicine.
Genentech faced numerous challenges as it pioneered a new industry. From legal battles to financial struggles, Hughes takes us through the trials and tribulations that the company had to overcome. It's a testament to the resilience and determination that's often required to bring groundbreaking ideas to life.
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Genentech is a fascinating exploration of the early days of biotechnology, a must-read for anyone interested in the history of this industry.
James Watson - Co-discoverer DNAGenentech is a captivating read, offering a deep dive into the world of biotechnology and its pioneers.
Bill Gates - Microsoft Co-founderGenentech is a compelling narrative of the birth of biotechnology, a must-read for anyone interested in the future of science and technology.
Elon Musk - Tesla CEOGenentech is an insightful look into the world of biotechnology, a book that anyone interested in innovation should read.
Mark Zuckerberg - Facebook FounderGenentech is a riveting account of the birth of biotechnology, a book that offers valuable insights into the world of business and innovation.
Warren Buffet - Investment Guru