Life Science Venture Formulation : A Review and an Outline of a Resource-Based Future

Life science firms compete in rapidly changing environments that demand substantial resources and capabilities. Nevertheless, there are a growing number of small life science firms, and these firms are having a profound impact on innovation in the industry. However, little is known on how these firms overcome resource constraints to finance and develop R&D resources and capabilities. The purpose of this paper is to help fill this gap by exhaustively reviewing the literature on the development of life science ventures. More specifically, this paper reviews and links together the work done on on the topic and offers future research directions