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.
No one has come out of this decadal quest looking great.
