Provectus Pharmaceuticals Inc. Message Board

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Biotech / Medical : Provectus Pharmaceuticals Inc.

PVCT 0.0650

0.0%

Nov 14 9:30 AM EST

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To: mplaut who wrote (12166)	7/3/2013 6:48:04 AM
From: jm2i123	Read Replies (2) of 13111

The bigger the opportunity...the bigger the trap. Countless biotechs failed by putting all chips on the table. i.e hiring lots of "cheap" full time employees and guess what...running out of cash Pete Culpeper the CFO came in with good knowledge on the subject: keep burn rate while going "wide". Using the Lean concept. i.e Go upfront when you need it while testing at the same burn rate. how: > Hire Experts for your go to market Ops (gtm being Cros, Biz devt, Lab team..) WHEN YOU NEED IT. Some others call it the Virtual Company. See interview from the CFO here issuu.com I find it personally VERY appealing that they do not fall in the -hire a lot and push big now- trap. It happened to AstraZeneca and ended in a blood bath. For Biotechs, it's the first reason they fail, not the drug they're testing. Now Many Big companies use the concept. Especially when about new market entry, new product, game changer products/services.

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