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NFXBio: Deal or Die – A Guide to TechBio Business Development and Strategy

The NFX Podcast

CHAPTER

Navigating Partnerships with Pharma Companies in TechBio: Building Trust and Showcasing Value

The chapter delves into strategic approaches for TechBio companies to stand out and build relationships with pharma companies, emphasizing the importance of trust-building and showcasing synergies between technologies. It highlights the significance of utilizing tools like LinkedIn, attending partnering events, and maintaining respectful relationships throughout the deal-making process. The chapter also explores key considerations such as evidence platform companies need to provide, financial commitments in deals, complexities in negotiation, and common mistakes to avoid in business development.

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