What is one of the primary functions of a pharmaceutical company in relation to biotech companies?

The primary function of a pharmaceutical company in relation to biotech companies is to bring biotech research to market. This process involves taking innovative discoveries and advancements that biotech companies develop and transforming them into viable products, such as drugs or therapies, that can be available for patient use. Pharmaceutical companies provide the necessary resources, regulatory expertise, and distribution channels that are crucial for successfully commercializing biotech products.

This role is critical because while biotech companies often focus on research and development, they may lack the extensive infrastructure, funding, or experience required to navigate the complexities of regulatory approvals, production, and market launch. As a result, pharmaceutical companies play a vital partnership role that ensures the benefits of cutting-edge biotechnological advancements reach the patients who need them.

Without this collaboration, many potentially life-saving therapies could remain stuck in the research phase and never make it to the consumer market.