Pfizer Ventures invests about $100 million per year and has a portfolio of roughly 50 companies, mostly early-stage biotechs. Pfizer committed an additional $600 million to the venture arm in 2018, bringing the value of its assets to over $1 billion., she said she often sees two mistakes that instantly sink a startup's chances of landing a deal. Dalton shared those biggest mistakes in a fireside chat this week at the BIO CEO & Investor Conference in New York.
"If you are creating a therapeutic that is going to help a patient who is also being targeted by gene therapy, suppose that gene therapy is quite successful," Dalton said. "Your patient population can go away." In the case of Pfizer Ventures, she still sees a flood of pitches related to erectile dysfunction, given the pharma company's well-known blockbuster pill, Viagra. But Viagra now faces competition from generics, and is no longer a focus for Pfizer.
Pfizer Ventures largely follows the parent company's interests, she said. Areas of focus now include oncology, rare diseases, and vaccines.
Gimme da loot gimme da loot
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The rise of the solo general parter in venture capital - Business InsiderFlying solo: A new generation of VCs are rewriting the Sand Hill Road playbook and anointing themselves general partners of their own funds
Source: BusinessInsider - 🏆 729. / 51 Read more »
The best business lessons from self-made millionaire Madam CJ Walker - Business Insider3 marketing secrets America's first self-made female millionaire used 100 years ago to build a beauty-product empire can still be used by entrepreneurs today
Source: BusinessInsider - 🏆 729. / 51 Read more »
PlayVS CEO explains how the startup partnered with Riot and Epic Games - Business InsiderAn esports startup that organizes competitions for high schools and colleges has partnered with the creators of 'Fortnite' and 'League of Legends.' قبعات الزرق حتى هنا
Source: BusinessInsider - 🏆 729. / 51 Read more »
Coronovirus's enormous economic impact is good for four startups - Business InsiderThe impact of the virus on American business is already enormous, said Eytan Buchman, CMO of Israeli international freight and shipping startup Freightos in a press conference.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Andy Rubin's startup Essential announces its shutdown - Business InsiderThe three-year old company was initially regarded as a promising venture, but struggled as its product the Essential Phone failed to gain traction. Why is this rapist not in prison? Very odd.... Would like to know the real story.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Microsoft for Startups gives GitHub Enterprise, Power Platform access - Business InsiderTwo years ago Microsoft launched a special program to help startups get off the ground and use its cloud, and now it's giving them access to two of its fastest growing apps
Source: BusinessInsider - 🏆 729. / 51 Read more »