“How strong is the management?” is one of the first questions investors ask when they are reviewing the quality of a company. But it is rare when one hears the question, “What about the board?” In my opinion, not asking this question is all too often a major oversight by both prospective investors and bioentrepreneurs. The board of directors should be a key factor in developing and implementing the right commercial and scientific strategy for a company. What’s more, many times it is the board’s commitment to realizing this vision over the long haul that fuels the company’s success.
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