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Leadership in revolutionizing cancer immunotherapy, Garo Armen, Ph.D., Chairman & CEO, Agenus

Biotech 2050 Podcast

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How to Be a Successful CRO in the Current Environment

In the last 10 years, we have raised $900 million from corporate collaborations and royalty monetization. I'm talking about $900 million worth of bio dollars. So right now, we're burning cash. But most of the cash that we burned in the last ten years has come from our creative transactions. And how do we go about the future? Well, you've got to be very efficient, very innovative. You'vegot to be self-sufficient. And you'veGot to make sure that you have alternate means of cash acquisition,. not just being dependent on third party investment banking units or typical investors. Yeah.

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