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Genentech

232 pages, 2013

business & management

business & management

1082 books
science & nature

science & nature

1064 books
Takeaways
Description

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.

The Birth of Biotechnology

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.

The Power of Collaboration

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.

The Ethics of Biotechnology

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 Impact of Genentech's Innovations

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.

The Challenges of Pioneering a New Industry

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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Patrick Collison

Patrick Collison

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