Forecast22

Transgenic drugs article from FierceBiotech

FierceBiotech,transgenics,genetic engineering,pharma,new drugs

Quoted from http://www.fiercebiotech.com/story/fda-staffers-endorse-gtcs-transgenic-anti-clotting-drug/2009-01-07?utm_medium=nl&utm_source=internal&cmp-id=EMC-NL-FB&dest=FB:

FDA staffers endorse transgenic anti-clotting drug - FierceBiotech

The field of transgenics--developing therapies in genetically engineered animals--just got a big boost from staffers at the FDA. Regulators said that Framingham, MA-based GTC BioTherapeutics's drug ATryn, an anti-clotting treatment produced in goats, appeared to be safe and effective. The recommendation was released in documents made available ahead of an expert advisory committee meeting on Friday.

...GTC is one of a handful of companies out to demonstrate that it can produce a less-expensive stream of therapeutics from transgenic animals, harvesting drugs through their milk.

Other references on transgenic or ATryn include:

Xconomy Report on Genetically Engineered Goats

Transgenic Animals

Market Reaction to ATryn Pact

Transgenics News

Timmons on New Ventures

new ventures,technology

The Entrepreneurial Revolution

THE ENTREPRENEURIAL PROCESS

 

• rev Venture Creation: Entrepreneurship for the 21st Century

 

Chapter #1&2, p.1-70

Jeffry A Timmons, co-author

Stephen Spinelli, co-author

 

ABSTRACT

 

The book was originally published in 1977 and has had major revisions at regular intervals to reflect upon current aspects of the economy’s business model developments, such as entrepreneurial pursuits at the end of the 20th century.  The impact of entrepreneurial endeavours was felt, not only in the United States, but on a global level in conjunction with rapid technological advancements and the upsurge in the Internet. In fact the material for the first manuscript in 1974 was rejected by several major publishers¾a trivia point which the author now uses to illustrate the bureaucratic, unyielding nature of traditional large companies which led to their fear of innovation.

 

There is a substantial body of knowledge, concepts, and tools that entrepreneurs need to know before taking the plunge, during, and after, if they are to get the odds in their favour… the book guides students in discovering the concepts of entrepreneurship and the competencies, skills, know-how and experience, attitudes, and resources and networks which are sufficient to pursue different entrepreneurial opportunities.

Jeffry A. Timmons, New Venture Creation

 

New Venture Creation covers the actual process of pulling together a new venture and the lifecycles which that venture would experience.  The book is the result of “real-world” application.  The book represents an effort to create: knowledge, skills and involvement in the venturing process, especially the creation of a business plan.

 

Summary

 

In Chapter 1 the primary concepts involve the radical transformation of the U.S. economy due to the entrepreneurial ventures.  The author supports the position that entrepreneurs, innovators and their growing companies are the “catalysts” in the economy which create jobs, innovation and new industries.  The combination of entrepreneur ventures and the dynamics of the technology sector are reported to have hastened the demise of more traditional businesses. Furthermore, Timmons suggests that these factors have brought into existence an “E-Generation.”

 

FACTOIDS:

• The entrepreneurial “revolution” is here to stay¾not a fad.  This “entrepreneur-ism” is the formula “genetic code” for 21st century economy, worldwide.  The entrepreneurial “genetic code” sparks the end of “old order” capitalism.
• Entrepreneurs are the ones in society who are the “movers and shakers” in leadership, innovation, and philanthropic activity by which they return the rewards of their labour to the community, bring changes to the way people live and work.
• The creation of new technologies, new markets¾value with high potential and growth companies have becomes the “job creation engines” in the U.S. economy.  Largely, venture capital provides “the fuel” for this job creation engine.
• America and the world are at the dawn of a new age of equity creation as evidenced by a 10- to 30-fold increase in capital markets in just 15 years. [Timmons, p.19]
• More than 95% of the wealth in the U.S. today was created since 1980.
• America’s 7 million millionaires are mostly self-made entrepreneurs.
• Furthering the entrepreneurial trend is the E-generation’s highest priority.

 

Until only recently the popular press was still purporting the prominent role of the large corporations which dominated the post-World War II worldwide seller’s market, for instance, the upset of IBM under siege from Microsoft which took away the center stage.  MIT researchers, David Birch, first postulated the shift to economic influence from entrepreneurs 20 years ago, whereby the small, entrepreneurial firms provide the backbone of the economy -- creating new jobs – instead of the larger corporate entities.

 

The book was originally published in 1977 and has had major revisions at regular intervals to reflect upon current aspects of the economy’s business model developments, such as entrepreneurial pursuits at the end of the 20th century.  The impact of entrepreneurial endeavours was felt, not only in the United States, but on a global level in conjunction with rapid technological advancements and the upsurge in the Internet. In fact the material for the first manuscript in 1974 was rejected by several major publishers¾a trivia point which the author now uses to illustrate the bureaucratic, unyielding nature of traditional large companies which led to their fear of innovation.

 

There is a substantial body of knowledge, concepts, and tools that entrepreneurs need to know before taking the plunge, during, and after, if they are to get the odds in their favour… the book guides students in discovering the concepts of entrepreneurship and the competencies, skills, know-how and experience, attitudes, and resources and networks which are sufficient to pursue different entrepreneurial opportunities.

Jeffry A. Timmons, New Venture Creation

 

New Venture Creation covers the actual process of pulling together a new venture and the lifecycles which that venture would experience.  The book is the result of “real-world” application.  The book represents an effort to create: knowledge, skills and involvement in the venturing process, especially the creation of a business plan.

 

In Chapter 1 the primary concepts involve the radical transformation of the U.S. economy due to the entrepreneurial ventures.  The author supports the position that entrepreneurs, innovators and their growing companies are the “catalysts” in the economy which create jobs, innovation and new industries.  The combination of entrepreneur ventures and the dynamics of the technology sector are reported to have hastened the demise of more traditional businesses. Furthermore, Timmons suggests that these factors have brought into existence an “E-Generation.”

Until only recently the popular press was still purporting the prominent role of the large corporations which dominated the post-World War II worldwide seller’s market, for instance, the upset of IBM under siege from Microsoft which took away the center stage.  MIT researchers, David Birch, first postulated the shift to economic influence from entrepreneurs 20 years ago, whereby the small, entrepreneurial firms provide the backbone of the economy -- creating new jobs – instead of the larger corporate entities.

Humanity Needs Them

technology transfer

Technology Transfer is one of the most important interst for humanity, despite the endless pull away from technology.

Visit Weizmann for interesting developments.

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