Science Lessons: What the Business of Biotech Taught Me about Management

Overview


Widely regarded as the most innovative, successful biotech firm ever, Amgen led its industry in revenue and sales growth in 2007. Top magazines including Fortune and Industry Week have repeatedly named it one of America's best companies to work for.

In Science Lessons, Gordon Binder?CEO and chairman during 1988-2000?describes Amgen's climb to success. Revealing the highs and lows it experienced in the race to develop blockbuster drugs, he takes readers from the time Amgen had ...

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Overview


Widely regarded as the most innovative, successful biotech firm ever, Amgen led its industry in revenue and sales growth in 2007. Top magazines including Fortune and Industry Week have repeatedly named it one of America's best companies to work for.

In Science Lessons, Gordon Binder—CEO and chairman during 1988-2000—describes Amgen's climb to success. Revealing the highs and lows it experienced in the race to develop blockbuster drugs, he takes readers from the time Amgen had just three months of capital in the bank and no viable products in the pipeline to its spectacular success. The turning point? The 1989 launch of Epogen, which dramatically helped kidney dialysis patients suffering from debilitating anemia. Other landmark drugs, including Neupogen, would follow.

Through engaging anecdotes and cogent insights, Binder weaves a fascinating tale while offering his unique brand of practical management advice. Using the principals of the scientific method, he shares his recommendations for tackling pressing business challenges—such as managing creative employees, navigating the IPO process, and protecting intellectual property.

This colorful first-person account showcases the visionary science and daring business strategy that made Amgen great—offering valuable lessons for all companies.

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Editorial Reviews

BusinessWeek
A fascinating insider's account of the birth of giant Amgen.
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Product Details

  • ISBN-13: 9781591398615
  • Publisher: Harvard Business Review Press
  • Publication date: 4/8/2008
  • Pages: 292
  • Sales rank: 754,414
  • Product dimensions: 5.80 (w) x 8.20 (h) x 1.30 (d)

Meet the Author


Gordon Binder is the managing director of Coastview Capital LLC, a venture-capital firm he founded in 2001. From 1982 through 2000, he served as Chief Financial Officer, then Chief Executive Officer, and finally Chairman of Amgen. Forbes magazine counted him among "biotech's most respected business minds." Philip Bashe has authored or co-authored books on a wide variety of genres, including health, sports, biography, and popular culture.
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Table of Contents

Introduction     1
The Start of a Start-Up     17
Amgen Goes Public     39
The Business of Science Meets the Science of Business     57
From IPO to EPO in Four Months     75
EPO on Trial     89
Partnerships Made in Heaven-and That Other Place     107
Red Hot Summer     139
Nuclear Winter     153
How Amgen Built a Winning Team     177
How Amgen Kept Employees Committed     195
The Value of Ethics in Business     249
My Failed Retirement     269
Acknowledgments     279
Index     281
About the Authors     293
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