Biotech Values

[DewDiligence]

A key to [Genentech’s] success, Mr. Levinson has said, is to recruit top scientists who would typically work at universities.

DNA’s scientists were simply smarter, on average, than the scientists hired by such companies as PFE and MRK. It may not be politically correct to say this, but great companies hire the smartest people they can find while lesser companies hire from the pool of sloppy seconds.