Learnings & Misgivings

The Advinus Decade: Inside the Tata Group’s expensive drug discovery flameout

Born 2005. Died 2017. Several hundred crores poorer, the Tata Group has finally pulled the plug on its ambitious drug discovery venture. What went wrong?

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A decade is a long enough time in any business, however risky its premise or exploratory its process, to prove whether it’ll return value to its investors or not. This was evident last month when the news broke that the Tata group was selling Advinus Therapeutics to Eurofins Scientific, a contract research and manufacturing company in Luxembourg. What seemed like a masterful strategy 10 years ago, to get into a new business of discovering drugs and licensing out to big pharma, ended up in a messy exit.

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