“Build-to-Buy”: A Novel Funding Mechanism to Advance Hearing Loss Science and Commercialization
The “Build-to-Buy”Framework Three parties are used: (a) a science company with a novel technology, (b) a venture capital firm and (c) a big pharma company. All parties must agree on a pre-set acquisition price for (a). This is the hardest part. (c) retains an exclusive option to purchase (a) at the pre-set price when a …