Q uestion 1) What does G&A do for any organization and why

Q uestion 1) What does G&A do for any organization and why is it… Question 1) What does G&A do for any organization and why is it important to have G&A in the early days of biotech? The G&A does tasks that are not directly related to research and development but have an important, supportive role in the company (Dhimo, n.d.). Some of the roles of G&A include compliance, human resources, internal and external communication, finance, and IT . There’s a lot that can make a company successful, besides the actual science. G&A plays a role in a company’s success by offering support and guidance .With the role of computers in laboratories, having IT is beneficial. At work, our database goes down sometimes, and that is not an issue I or any of my coworkers can fix. The issue gets directed to IT for a prompt response, enabling us to continue our work. I think this shows the scale of the work of G&A. They can offer assistance to individual employees or departments, but they can also be responsible for things like creating a positive corporate brand or interacting with investors, aspects that impact the entire organization .The G&A in the early days of a biotech company can help support the business side of the company (Dhimo, n.d.) This can be helpful if scientists leading the biotech are not as well versed in business yet, especially when finances may not be extensive at the beginning. G&A can help smartly allocate financial resources (Levin & Watson, 2016). They may be responsible for managing building costs, like rents and utilities (Dhimo, n.d.). G&A can play a role in hiring by helping to find talented individuals who may make a positive impact on research and development (Levin & Watson, 2016). Having G&A offer support in many roles, which the founder of the biotech probably has little or no experience with, enables the scientific process of an early biotech company to proceed more efficiently and have a greater chance at success. 2) How might some VC’s support a biotech with expert G&A?Early-stage biotech are frequently funded by some of Boston’s top VCs, who then set them up for success by letting the scientists handle the science and the VCs handle the business (G&A). They have extensive business knowledge, including market analysis, financial modeling, HR, regulatory knowledge, board direction, and communications. They are noted for handling the money with numerous other VCs and investors to bring their funded science to market. Many even continue to serve on the Board of their early-stage start-ups long after a firm has gone public.  Instead of gathering a collection of scientific discoveries or information that has no connection at all, successful VCs want to find science which fits into their portfolios. This is how they can mitigate some of the risk, if somehow science does not pan out as planned, they may frequently pivot or continue to work with the original scientists and/or co-founders since the science itself is good We all know Google has everyone’s attention. Just not for biotech investing. Krishna Yeshwant, General Partner, GV. This corporate Venture Capital (VC) firm invested in biotech at the perfect timing, during the recession. Another thing GV did was hired Yeshwant, an undergraduate in Computer Science from Stanford and followed by an MD from Harvard Medical School and a Harvard MBA to boot. As a VC, what you know is important, but who you know is more important. Shrewdly, Yeshwant settled in Kendall Square, a continent away from Google headquarters. 3)How does Intellectual Property (IP) impact competition in Biotech?Intellectual property rights are “the legal rights given to the inventor or creator to protect his invention or creation for a certain period of time” (Saha & Bhattacharya, 2011). To fulfill the eligibility requirements for a patent, the applicant must prove that an invention is novel or a non-obvious improvement of an existing product or process (United States Patent and Trademark Office, 2022). In addition, products and processes that occur in nature – without the touch of human intervention – cannot be prescribed ownership (United States Patent and Trademark Office, 2022). Jonas Salk, the inventor of the first polio vaccine, referenced this point in his argument as to why curative medicines should be free to the public, “Could you patent the sun?” (Intellectual Property Expert Group, 2022). In the biotech industry, these defining criteria in conjunction with the twenty year lifespan of a utility patent provide a framework that honors the mental and financial wherewithal behind ingenuity without fostering a cost-prohibitive scenario inhibiting a patient’s access to treatment.   The current legislation regarding intellectual property rights attempts to stimulate innovation by offering a temporary exclusivity period to innovators. With drug development costs reaching into the billions and the timeframe from discovery to market approval lasting over a decade (Storz & Volpers, 2017), being able to claim legal ownership over an idea, product, or process provides a peace of mind for innovators that an idea will not be stolen and commercialized by a competitor The generous yet finite twenty year duration of a patent offers innovators and investors the promise of compensation for the arduous effort and investment put into the research and development process (Storz & Volpers, 2017). Without this kind of protective infrastructure in place, what would incentivize innovators to pioneer new research? What is your opinion about these post ?Could you explain each question please?Science Biology BIOTECHNOL 365

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