Word: biotechnica
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Dates: during 1981-1981
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...four scientists are not unique in their venture. All along Mass Ave and Mt. Auburn St. new companies are springing to life--Biogen and Biotechnica, Genetics Institute and Software Options, Inc. Most of the new companies deal in genetics, diagnostics and computer software--and they are luring topnotch Harvard scholars away from more traditional consulting roles and persuading them to take major, if part-time, responsibilities in as yet untested firms. So far, between 25 and 40 members of the Faculty of Arts and Sciences alone have joined the ranks. What do these Faculty members find so enticing? In almost...
...Biotechnica International is coming to Cambridge this fall. The small, newly-established genetic engineering firm is still trying to locate office space and has yet to negotiate its first contract, but already at least four Harvard faculty members have agreed to play major roles in the company. Acting as senior research advisors and accepting equity as well as consulting fees, they will actively participate in corporate planning over an extended and indefinite period of time. In doing so, they will tie both their financial futures and professional reputations to an enterprise beyond the University walls...
There are, of course, those who contend that the current consulting craze is no different from what has been going on in the physical sciences for decades. "What's new is for this to happen to biologists," Richard M. Losick, professor of Biology and one of the consultants to Biotechnica, says. But most professors, administrators and businessmen familiar with the situation disagree. The consulting arrangement now prevalent in the biological and applied sciences is qualitatively different. A new breed of consultant is emerging...
...their founders. At Harvard: Walter Gilbert, American Cancer Society Professor of Molecular Biology and chairman of Biogen, Inc.; Mark Ptashne, professor of Biochemistry and Molecular Biology and founder of Genetics Institute; and Thomas Roberts, assistant professor of pathology at the Medical School and one of the principal movers behind Biotechnica...