How to Build Profitability in the Biotech Business

In the life sciences business, on average it costs you a billion dollars to get a product to market per end. So we're facing an industry that has to raise capital for maybe a decade. And so generally I would tell you that if people always say you need to focus and what they think about when they say focus is that they use their incremental time to focus on what they need to do. You have to create some capacity to have time to do what you did.